Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
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...
Waffle Raises $5M for Its ‘All-in-One’ Virtual Insurance Agency
May 21 2021 // The insurtech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the initial launch of its new virtual agency platform. Auto and home insurance are to be...
Insurance Comparison Site Jerry Raises $28 Million
May 20 2021 // Auto insurance comparison site Jerry has raised $28 million in new financing. The startup, which operates as a licensed insurance broker, plans to use the money to scale its signature product and pursue hiring, so it can...
China Insurtech Waterdrop Raises $360M in New York IPO: Reuters
May 7 2021 // Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the...
Agency Start-up Sigo Serving Latinx, Immigrant Drivers Raises $1.5M
Apr 27 2021 // A start-up managing general agency focused on auto insurance for underserved populations including immigrants and Latin Americans has raised seed funding to help it launch an initial product. Sigo pulled in $1.5 million in...
Insurers Warn Washington Court Ruling Will Raise Rates for a Million Consumers
Apr 26 2021 // Insurer groups expressed disappointment over a judge’s ruling denying an industry request to halt an emergency rule that temporarily bans the use of insurance credit scoring in Washington. The Independent Insurance...
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters
Apr 13 2021 // Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will...
