Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
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...
Insurance Technology: Betterview Features Defensible Space; Clara Analytics Tackles Commercial Auto; Ascend Raises $30M for Premium Finance
Feb 8 2022 // Betterview, an insurtech provider of property intelligence to property/casualty insurance companies, now has available what it calls its Defensible Space feature that enables insurers using the company’s Remote...
Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines
Feb 1 2022 // Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million. Sayata CEO...
Insurtech Descartes Underwriting Raises $120M to Expand Parametric Product Offering
Jan 31 2022 // Descartes Underwriting, the insurtech company that specializes in parametric natural catastrophe products, has announced a $120 million Series B funding round. Growth equity firm Highland Europe is leading the...
Insurtech Accelerant Raises $190 Million
Jan 28 2022 // InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. Atlanta-based Accelerant serves a network of managing general underwriters (MGU) and program...
Comp Software Firm Zenjuries Raises $2 Million in Capital
Jan 25 2022 // Zenjuries, a workers’ compensation software company headquartered in South Carolina, announced it has raised $2.2 million in capital to grow the company and add more people to its app-based program. The company notes...
Multi-Family Property Insurtech Honeycomb Raises $15.4 Million, Plans Expansion
Jan 19 2022 // Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states. The reinsurance-backed managing general agent (MGA) touts a technology stack for...