Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties
May 19 2020 // Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing...
Insurance Comparison Website SelectQuote Hopes IPO Will Raise $342 Million
May 18 2020 // SelectQuote Inc. said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the insurance policy comparison website at more than $3 billion. The company will offer...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Hiscox Raises £375M to Respond to U.S. Wholesale, Reinsurance Growth Opportunities
May 6 2020 // Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5,...
Oregon School District Paying $410K to Employee Who Raised Concerns
Apr 13 2020 // Portland Public Schools in Oregon will pay $410,000 to a former employee who said she was fired for raising red flags over a lack of safety for seventh-graders working with dangerous equipment including band saws and nail...
Ohio Commercial Insurance Insurtech, Coterie, Raises $8.5M in Financing
Mar 25 2020 // Cincinnati, Ohio-based insurtech Coterie, which specializes in commercial insurance, has closed an oversubscribed Series A financing round totaling $8.5 million from RPM Ventures, Allos Ventures, and others. The company...
Insurtech INSTANDA Raises $19.5M to Support International Expansion
Mar 10 2020 // INSTANDA, the London-based customer and policy management platform for the insurance industry, has completed a $19.5 million Series A fundraising round, the company announced. Led by Assembly Capital Partners, the...
Fidelis Insurance Raises $300M of Equity Capital to Support Growth
Feb 12 2020 // Fidelis Insurance Holdings Ltd. announced it has raised approximately $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority...
Boost Raises $14 Million for Its ‘White Label’ Digital Insurance Platform
Feb 10 2020 // Boost Insurance has pulled in a $14 million funding round designed to expand its infrastructure-as-a-service platform designed for the insurance industry. Coatue and Greycroft led the New York company’s Series A...
Comparison Website The Zebra Raises $38.5 Million
Feb 5 2020 // Digital personal lines comparison site The Zebra has reported $38.5 million in Series C fundraising. The round was led by Accel and included other current investors Silverton Partners, Daher Capital, Floodgate Fund,...
Online Insurance Broker Policygenius Raises $100M From AXA, Others
Feb 3 2020 // Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to grow and to broaden the consumer financial protection products it will unveil in...
Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life
Jan 16 2020 // Digital auto insurance comparison agency Insurify announced it is expanding into home, renters and life insurance comparison. To help drive its expansion, the Cambridge, Mass.-based company said it has raised $23 million...
Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier
Jan 6 2020 // Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The company said the money will be used to accelerate further national growth as well as further its...
IICF Raises $1.14M at Annual Benefit Dinner Honoring Markel Corporation
Dec 24 2019 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised $1.14 million at its 13th Annual Northeast Benefit Dinner held December 11 at...
Florida Officials Plan to Raise $100M for Reef Restoration in Florida Keys
Dec 13 2019 // Federal officials have announced plans to raise $100 million to fund projects to restore seven significant coral reef sites in the Florida Keys National Marine Sanctuary. “Mission: Iconic Reefs” calls for...
Ping An’s OneConnect Raises $312 Million in Expanded U.S. IPO
Dec 12 2019 // China-based cloud fintech platform OneConnect Financial Technology Co. expanded its U.S. initial public offering to raise $312 million, partly reversing cuts to its share-sale plans disclosed one day ago. The company, one...
Fast-Growing German Insurtech Wefox Raises $110 Million More
Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...
Insurtech Vouch Raises $45M, Announces Launch in California
Nov 20 2019 // Vouch Insurance this week announced a $45 million Series B investment round led by Y Combinator Continuity. Vouch also announced its launch in California, which the firm said represents 50 percent of the business insurance...
Insurtech Sales Platform Cover Genius Raises $10M for Expansion
Nov 13 2019 // Cover Genius, an insurtech that offers an insurance sales and payments tools to online retail, travel, property, shipping and other companies in multiple languages and countries, has raised $10 million in new...
Quantemplate, Insurtech Provider of Cloud-Based Data Services, Raises $12M
Nov 1 2019 // Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its latest funding round. Quantemplate said it plans to use the funding for...
