Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B
Jul 12 2022 // Berlin insurtech wefox reports it has closed a Series D funding round of US$400 million and increased its valuation to US$4.5 billion. The round included both equity and debt. Abu Dhabi sovereign investor Mubadala...
Digital Insurer Ranger Raises $5.25M With Assist From A-Rod for Agent Platform
Jul 11 2022 // Digital insurer Ranger said it just closed a $5.25 million seed round to further its development of a digital platform that promises to modernize the role of insurance agents, evolving their role into a home protection...
Insurtech Venture Capital Fund Seeks Digital MGA Startups for Lab
Jul 8 2022 // InsurTech Fund, a venture capital fund associated with InsurTech NY, has announced that it will be accepting applications for its first Digital MGA Lab, a three-month program focused on managing general agents. The program...
Coalition Closes $250M in Series F Funding, Bringing Its Valuation to $5B
Jul 8 2022 // Coalition announced it has raised an additional $250 million to accelerate its growth, power international expansion and broaden the services it offers to help organizations manage digital risk. This funding round closed...
Independent Agency Customer Platform GloveBox Raises $5.5 Million
Jul 7 2022 // GloveBox, which provides independent agencies with a platform for aggregating insurance policy documents, regardless of carrier, in one centralized location, announced it has raised $5.5 million in Series A funding. The...
Texas-Based Injury Insurance Startup Spot Raises $33 Million
Jun 30 2022 // Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt. The round was led by Ensemble VC, with...
Travelers Championship Raised $2.5 Million for Charities
Jun 28 2022 // The Travelers Companies reported that the 2022 Travelers Championship generated more than $2.5 million for more than 130 charitable organizations. Since Travelers became title sponsor in 2007, the event has raised more...
Insurers Among Investors as Canada’s Brookfield Raises $15B for Climate Fund
Jun 24 2022 // Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy. The fundraise comes at a time when investors...
Insurance Bundler Branch Raises $147M, Touts Unicorn Status
Jun 9 2022 // Columbus, Ohio-based auto and home insurer Branch reported a $147 million Series C funding, which it says brings its valuation to $1.05 billion. Branch, launched in 2019, is a full-stack insurance company that uses data,...
‘Pay-As-You-Go’ Workers’ Compensation MGA Hourly Raises $27 Million
Jun 2 2022 // Workers’ compensation insurtech Hourly has raised $27 million in a series A seed round. The platform lets employers with hourly workers run payroll, track time and attendance, and manage workers’ compensation...
Insurance Technology: Newfront Raises $200M; EvolutionIQ Brings In $21M
Apr 13 2022 // Insurance brokerage platform Newfront announced a $200 million investment at a $2.2 billion valuation led by the Goldman Sachs Asset Management and B Capital with participation from existing investors including Founders...
BMS Capital Advisory Leads $45M Capital Raise by Brotherhood Mutual
Apr 11 2022 // BMS Capital Advisory (BMS CA) announced it has completed a $45 million private placement of surplus notes issued by Brotherhood Mutual Insurance Company (Brotherhood) to funds managed by Dekania Capital Management, an...
Insurance Technology: Policygenius Raises $125M; Players Health Raises $28M
Mar 28 2022 // Insurance brokerage platform Policygenius announced the closing of $125 million of new growth capital, bringing the insurtech’s total funding to more than $250 million. The platform, launched in 2014, allows...
Cowbell Cyber Raises $100M in Latest Series B Funding
Mar 15 2022 // Cowbell Cyber, a provider of cyber insurance for small and medium-sized enterprises (SMEs), secured $100 million in capital in its latest series B funding round. The capital raise was led by Anthemis Group with...
Insurtech MGA Loadsure Raises $11M to Expand Cargo Insurance Technology Platform
Mar 11 2022 // Insurtech MGA Loadsure announced that it closed its $11 million Series A funding round, led by MMC Ventures. Other investors included Crowley, a global maritime, energy, and logistics company, and existing investor...
Counterpart Raises $30 Million in Series B Funding Round
Mar 1 2022 // Counterpart, the management liability insurtech, announced raising $30 million in Series B growth financing led by Vy Capital, a global technology investment company that has backed leading companies such as Coalition and...
Insurance Technology: Nationwide Sponsors Homecare Robots; Trucker Platform Nirvana Raised $25M; DealerPolicy Rebrands as Polly; Dent.co Aids Auto Repairs
Feb 25 2022 // Nationwide Sponsors Labrador Retriever Robot Giant insurer Nationwide is partnering with an early-stage robotics company, Southern California-based Labrador Systems, on a multi-state pilot program with the Labrador...
UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments
Feb 14 2022 // Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B...
India’s Life Insurance Corp. Files IPO Papers to Potentially Raise $8 Billion
Feb 14 2022 // State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of its shares to potentially raise nearly $8 billion, dwarfing the biggest IPO in Asia’s third-largest...
Parametric Insurtech Startup FloodFlash Raises $15M for International Expansion
Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based Buoyant Ventures with...
