Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Cohen & Co. Insurance Acquisition Corp. Raises $150 Million in IPO
Mar 26 2019 // Insurance Acquisition Corp., company sponsored by Cohen & Co. and formed for the purpose of acquiring or merging with insurance firms, completed an initial public offering that raised gross proceeds to the company of...
Brazil’s Caixa Aims to Raise $3.9B via Listings of Units, Including Its Insurer: Report
Mar 11 2019 // State-owned Brazilian bank Caixa Economica Federal is hoping to raise 15 billion reais ($3.88 billion) through the listing of four of its subsidiaries, chief executive Pedro Guimaraes told newspaper O Globo in an interview...
Shift Technology Raises $60M to Expand Use of AI for Fraudulent Claims Detection
Mar 6 2019 // Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers detect fraud during the claims...
Pie Keeps Growing; Workers’ Comp Startup Raises $45 Million in Latest Round
Mar 5 2019 // Pie Insurance, an insurtech selling workers’ compensation coverage online to small businesses, has completed a $45 million Series B funding round. Participating investors included SVB Capital, Sirius Group,...
U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion
Feb 28 2019 // Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed to the wrong...
Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund
Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe. Allianz X was launched in 2016 with a...
Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office
Feb 5 2019 // Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac...
Employees of Michigan’s AF Group Raise Nearly $267K for Charities
Jan 30 2019 // Employees of Lansing, Michigan-based insurer, AF Group, have pledged $266,750 in support of numerous charitable organizations around the country as part of the company’s recent Caring and Sharing Community...
AI-Driven MGA Clearcover Raises $43 Million; American Family Among Backers
Jan 23 2019 // American Family Insurance joined a new $43 million financing round for Clearcover, a managing general agent with an artificial intelligence-driven platform focused on car insurance. The Chicago-based insurtech startup said...
IICF Raises Nearly $1.3M for N.Y. Nonprofits, Honors HUB International Limited
Dec 17 2018 // The Insurance Industry Charitable Foundation (IICF) has announced that nearly $1.3 million was raised on Wednesday, December 12, at its 12th annual Northeast Benefit Dinner to fund the IICF Northeast Division’s...
Ping An Insurance-Backed Financial Tech Firm Lufax Raises $1.3 Billion
Dec 3 2018 // Ping An-backed Lufax has raised $1.33 billion in its latest funding round from a dozen investors, at a valuation below expectations of the financial technology company, people with direct knowledge of the matter told...
Insurtech MGA Corvus Raises $10 Million to Expand Commercial Lines Business
Nov 27 2018 // Corvus Insurance has secured $10 million in new venture financing that the Boston-based insurtech managing general agency plans to use to jump into additional lines of commercial insurance. Two firms led the...
Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe
Oct 11 2018 // Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving...
UK Insurers, Businesses Urge Government Not to Raise Insurance Premium Tax – Again
Oct 10 2018 // UK insurers and businesses are urging the UK Treasury not to further penalize insurance customers by raising the insurance premium tax (IPT), which currently costs each household an average of £200 ($262) annually. The UK...
UK Venture Capital Fund Eos Makes First Two Insurtech Investments
Oct 3 2018 // Eos Venture Partners’ strategic insurtech fund has made its first two investments. The UK-based specialist venture capital fund, working through its debut EVP 1 fund, committed early financing to Concirrus, a marine...
Slice Labs Raises $20M for Its On-Demand Platform for Insurers
Sep 26 2018 // Cloud services provider Slice Labs has raised an additional $20 million that it will use to expand its cloud services for on-demand insurance products globally. The Series A funding round was led by The Co-operators with...
Venture Capital Firm, Beat Capital, to Merge with Insurer Investment Vehicle Paraline UK
Aug 23 2018 // Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK announced they plan to merge – in a move that is designed “to enhance and further build Beat’s platform to support...
Startup Root Raises $100 Million, Prepares to Go National
Aug 23 2018 // Root Insurance raised a $100 million financing round in a bid to fuel market expansion and hiring as the auto insurance startup with its telematics-based platform goes national. Tiger Global Management led the Series D...
Augmented Reality Property Claims Venture Raises $3.9 Million
Aug 21 2018 // PLNAR, an augmented reality service that creates, fully measured, real-time 3D models of any room, has raised $3.9 million in a Series A investment round led by insurtech and healthcare venture capital fund ManchesterStory...
Workers’ Comp Insurtech Pie Insurance Raises $11 Million
Aug 10 2018 // Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general...
