Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Cyber Re/Insurance MGA, Envelop Risk, Announces $130 Million Series B Financing
Sep 14 2021 // Envelop Risk, the UK-based cyber re/insurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will facilitate Envelop Risk’s plans to expand its...
Hong Kong’s OneDegree Raises $28 Million in New Round of Funding
Aug 30 2021 // OneDegree, a Hong Kong-based insurance technology company, raised $28 million in a new round of funding as the startup looks to expand in Asia. Sun Hung Kai & Co. and AEF Greater Bay Area Fund took part in the series...
Commercial Lines Sales Platform Sayata Raises $17M to Expand Beyond Cyber
Aug 27 2021 // Cyber insurance platform Sayata has raised $17 million in new venture capital and plans to expand to offer more specialty coverages. The startup’s platform automates the quote and bind process to help wholesale...
DealerPolicy Raises $110M for Embedded Insurance for Retail Auto Sales Industry
Aug 26 2021 // DealerPolicy, a digital insurance marketplace for retail car sellers and buyers, announced a $110 million Series C investment led by the growth equity business within Goldman Sachs Asset Management. The Vermont-based...
Startup Raises $60M to Flag Infrastructure Damage, Injuries Before They Happen
Aug 25 2021 // Startup Urbint, which promises its software can identify utility and telecommunications industry failures, damages, and worker injuries before they happen, has raised $60 million. Urbint CEO and founder Corey Capasso said...
reThought in Colorado Raises $15.5M in Series A Funds
Aug 4 2021 // Broomfield, Colo.–based managing general agent reThought Insurance announced the completion of a $15.5 million Series A investment round that will help fund its growth in the flood insurance market. Led by Telstra...
Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion
Jul 30 2021 // FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves insurers in more than 40...
British On-Demand Drone Insurer Flock Raises $17 Million in Funding
Jul 29 2021 // British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday. Flock started out insuring commercial...
W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M in New Round
Jul 22 2021 // UVeye, a company that uses artificial intelligence to do fast vehicle inspections, has raised $60 million from investors including used car retailer CarMax Inc. and the insurer W.R. Berkley Corp. “The completion of...
Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO
Jul 16 2021 // BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market...
‘Stripe-Like’ Insurance Management API Lula Raises $18 Million
Jul 14 2021 // insurtech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture capital. Lula is an API (application programming interface) outfit that provides insurance...
Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B
Jul 1 2021 // Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York and Singapore-based...
Digital E&S Broker Pathpoint Raises $30 Million
Jun 29 2021 // Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC,...
Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion
Jun 18 2021 // Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s...
Embroker, with Plan to Become Full-Stack Insurance Carrier, Raises $100M
Jun 9 2021 // Embroker, a digital broker focused on business insurance, aims to become a full-stack insurance carrier – an expansion of its strategy enabled by $100 million in new venture capital financing. The money infusion will...
Odie Pet Insurance Agency Raises $3 Million
Jun 7 2021 // Odie Pet Insurance has closed on more than $3 million in new funding to accelerate its growth and invest in technology. California-based Odie Pet Insurance Marketing sells pet insurance plans underwritten by PrimeOne...
German Insurtech ELEMENT Raises $19.5M to Continue Growth
Jun 7 2021 // ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors. The additional capital will be used to...
German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B
Jun 1 2021 // BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The...
Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford
May 25 2021 // Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies. The new offering, MarketTrends, helps agencies identify coverage...
Crypto Insurer Evertas Raises $5.8M in Seed Funding
May 25 2021 // Evertas, a cryptoasset insurance company, said it has raised nearly $5.8 million in seed funding, which it will use to accelerate product development, increase its insurance cap[a city and build out its infrastructure. The...
