Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
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...
Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources
Jan 19 2022 // Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as...
Transverse Insurance Completes $48M Capital Raise
Jan 11 2022 // New Jersey-based specialty insurer Transverse Insurance Group reported it has raised $48 million of additional capital to support expansion of its hybrid fronting insurance business. The $48 million raise was comprised of...
Israeli Cyber-Security Startup Pentera Raises $150M in Funding, Weighs IPO
Jan 11 2022 // Israeli cyber-security firm Pentera has raised $150 million in its latest funding round, taking the company’s value to $1 billion, the company told Reuters, adding it was eyeing an initial public offering in the...
Lighthouse Raises $65M for Debt Refi, Growth of Insurance Carrier
Dec 30 2021 // Lighthouse Management LLC has raised $65 million in capital, the company announced. The senior notes, issued in a private placement, will be used to refinance debt held by the group’s managing general agent, provide...
UK Brokerage Insurtech Eyes U.S. Expansion After $7.9M Capital Raise
Dec 20 2021 // A commercial insurance brokerage technology company that is up and running in the UK is targeting the U.S. after raising more than $7.9 million in a Series A funding round. Broker Insights, which is based in Scotland,...
Swiss Re-Backed FWD Raises $1.4 Billion, Weighs Hong Kong IPO
Dec 14 2021 // Billionaire Richard Li’s FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed by Apollo Global Management Inc. The investors include Apollo’s Athene...
IICF Northeast Benefit Event Raises Nearly $1.3M to Support Non-Profits
Dec 13 2021 // The Insurance Industry Charitable Foundation (IICF) raised nearly $1.3 million at its 15th Anniversary Northeast Division Benefit Event on December 7 at the Ziegfeld Ballroom in New York City. IICF is a nonprofit...
Universal Raises $100M for Future Growth
Nov 29 2021 // Universal Holdings, parent company of Universal Property and Casualty Insurance Co., Florida’s largest private P&C carrier, announced it had placed $100 million in notes to aid in future growth plans. The...
Insurtech Startup Kettle Raises $25M to Expand Wildfire Reinsurance Protection
Nov 24 2021 // Kettle, the San Francisco-based reinsurance startup that uses artificial intelligence to better protect people from the growing wildfire risks of climate change, announced it has been reinsuring homes during the 2021...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021
Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total...
Austin-Based Landlord Insurer Steadily Raises $31 Million
Nov 17 2021 // Austin-based landlord insurance company Steadily has completed its latest investment round, bringing its total funding to $31 million. Steadily serves 17 million individual rental property owners who collectively own...
SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part.
Nov 16 2021 // Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO. Now comes the hard part. “Now, we have to deliver,” the founder and chief executive officer...
EasySend Raises $55.5 Million To Help Enterprises Build and Maintain Digital Customer Journeys With its No-Code Platform
Nov 16 2021 // Capital will be used to accelerate growth in the US and other geographic regions, as well as support expansion into new verticals and product use cases Tel Aviv, Israel – November 16, 2021 10:00 am EST–...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO
Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...
