Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Armour Raises $500 Million to Create Bermuda Reinsurer, Armour Group Ltd.
Jan 4 2018 // Armour, a Bermuda-based P/C run-off insurance business, announced it has raised up to $500 million to form a reinsurance group called Armour Group Ltd. The equity commitments were made in partnership with an investor group...
China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources
Dec 29 2017 // Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country,...
China’s Ride-Hailing Firm Didi Raises $4B to Expand Overseas, Challenging Uber
Dec 22 2017 // Chinese ride-hailing firm Didi Chuxing Technology Co. on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber...
IICF Northeast Division Raises Over $1.2M at 11th Annual New York Benefit Gala
Dec 22 2017 // The Northeast Division of the Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities, raised more than $1.2 million at its annual charitable gala...
Lemonade Raises $120 Million Led by the SoftBank to Fund Global Expansion
Dec 19 2017 // Digital insurer Lemonade Inc., announced a $120 million Series C funding round led by the SoftBank Group, with participation from existing investors. The insurance company that is run by artificial intelligence and...
Artificial Intelligence Startup Cytora Raises $5.9M from QBE, Starr, Other Investors
Dec 6 2017 // Artificial intelligence startup Cytora has raised $5.9 million in new financing from investors including divisions of QBE’s venture capital arm and Starr Cos. QBE Ventures, Starr Global Holding, Cambridge Innovation...
Louisiana Golf Tournament Raises over $35K for Children of Workers Killed or Disabled on the Job
Nov 7 2017 // The fourteenth annual LWCC Kids’ Chance invitational golf tournament raised over $35,000 for the Louisiana Bar Foundation (LBF) Kids’ Chance Scholarship Program. The Kids’ Chance Scholarship Program...
AmTrust Selling Stake in Certain Units to Raise $950M
Nov 7 2017 // AmTrust Financial Services will make about $950 million by selling a majority equity interest in some of its U.S.-based fee businesses including managing general agencies and warranty third-party administrators to private...
Insurtech Startup, Insurdata, Raises More Than $1M in Seed Financing
Oct 24 2017 // Insurdata, an insurtech firm that provides re/insurance underwriters with property-specific data to support their pricing, underwriting and portfolio management decisions, announced it has raised over $1 million in seed...
Woodruff-Sawyer in California Names Berry Leader of Private Equity and Venture Capital Group
Oct 19 2017 // Woodruff-Sawyer & Co. has named Dan Berry leader of the firm’s private equity and venture capital group. Berry is a senior vice president and partner in Woodruff-Sawyer. He joined the firm in 2011 and has...
India Government Raises $1.5B Selling Shares in Reinsurer GIC Re
Oct 13 2017 // The Indian government raised about 98 billion rupees ($1.5 billion) on Friday by selling some of its shares in General Insurance Corp of India (GIC Re), the nation’s top reinsurer, in the country’s biggest...
Crowdsourced Insurer Rater Clearsurance Raises $4 Million
Oct 6 2017 // Clearsurance, a crowdsourced review, rating and educational platform for the insurance industry, has raised $4 million in a Series A funding round. The round was led by its co-founder, Michael Crowe, and includes Davis...
Insurtech Slice Raises $11.6M; Will Offer Its On-Demand Platform to Other Carriers
Oct 5 2017 // Slice Labs Inc., a company offering an on-demand insurance platform for rideshare and homeshare risks in the United States, has announced a Series A investment of $11.6 million led by XL Innovate, with participation from...
UK’s PremFina, a Broker Software Provider, Raises $36M for Expansion
Oct 4 2017 // PremFina Ltd., a UK firm that provides software to insurance brokers, raised $36 million in its first round of funding as founder and serial entrepreneur Bundeep Singh Rangar seeks to expand the company. The equity and...
Chicago-based Clearcover Raises $11.5M to Launch Auto Insurtech Model
Sep 28 2017 // Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the...
Japan Post’s Stock Sale Raises $11B, but Demand Is Subdued
Sep 25 2017 // A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up...
Liberty Mutual’s Venture Capital Unit Backs Car-Sharing Startup
Sep 12 2017 // Liberty Mutual’s venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual Strategic Ventures,...
Indian Insurer ICICI Lombard Hopes to Raise $892 Million with IPO
Sep 8 2017 // ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year...
Personal Lines Startup Sherpa Raises $2.3M for UK Launch
Aug 30 2017 // Insurtech startup, Sherpa, announced it has raised $2.3 million in funding from angel investors, in a venture designed to “change the way personal insurance is delivered.” “We have completely re-thought...
Home Telematics Startup Roost Raises $10.4M from Insurers
Aug 25 2017 // Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; Desjardins Insurance and Fosun...
