Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
Parametric Insurtech Startup FloodFlash Raises $15M for International Expansion
Feb 11 2022 // FloodFlash, the UK parametric insurance technology company that pays catastrophic flood claims within 48 hours, announced a Series A capital raise of $15 million. The round was led by Chicago-based Buoyant Ventures with...
Greenlight Re Innovations Invests in Cargo Insurtech Startup Redkik
Feb 11 2022 // Greenlight Re Innovations (GRI), part of Greenlight Capital Re Ltd., has announced an investment in insurtech startup Redkik Inc., a cargo insurance administration and analytics platform. Cargo insurance policies have...
Chile Insurtech Startup Betterfly Plans Overseas Expansion After $125M Funding Round
Feb 1 2022 // Chilean insurance-tech startup Betterfly plans to expand overseas after its latest funding round swelled its valuation to $1 billion. The company is preparing to begin operations in seven new markets in 2022 —...
Insurance Technology: Great American, Assurely Offer D&O for Tech Startups; Tractable AI Assesses Building Damages; Pie Offers Pay-As-You-Go
Jan 25 2022 // Great American Insurance and Assurely Offer D&O to Startup Firms The Executive Liability division of Great American Insurance Group and the insurtech, Assurely, announced an agreement to offer directors and officers...
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...
Pro MGA Solutions Provides MGA Incubator Platform for Tierra Underwriting Ltd.
Dec 20 2021 // Global re/insurance adviser Pro Global Holdings Ltd. announced the incubation of environmentally focused managing general agent, Tierra Underwriting Ltd., by its independent managing general agent incubator subsidiary, Pro...
Artful Mosaic Insurance Creates Global Agility for Specialty Startup
Dec 16 2021 // Mosaic Insurance, the Bermuda-headquartered startup and Lloyd’s specialty insurer, operates with a unique structural twist. Its hybrid model has the flexibility of a managing general agent (MGA), the stability of a...
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...
State Farm and Generali Join Investors in Computer Vision Startup Nexar
Nov 19 2021 // State Farm and Generali joined the $53 million financing round for Nexar, an artificial intelligence computer vision startup based in New York. The technology startup provides crowdsourced visual data that is...
Insurtech Startup With Claims Monitoring Platform Raises $30M
Nov 4 2021 // Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company’s machine...
SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate
Oct 29 2021 // SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm. As part of the transaction,...
Global $10.5B Insurtech Funding Train Leaving Many Startups Behind, WTW Advises
Oct 27 2021 // While global investment in insurtechs continues to rise, not all insurtechs are benefitting. Rather, much of the funding is focused on a relatively few startups. For example, in the second quarter, more than two-thirds of...
Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger
Oct 18 2021 // For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where...
Securitization Startup Platform Ledger Launches a Casualty ILS Fund
Oct 5 2021 // Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd., an insurance linked security (ILS) fund focused primarily on investing in...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round
Oct 4 2021 // New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team,...
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion
Sep 28 2021 // Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings...
Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage
Sep 27 2021 // Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder...
Ford, Walmart and Self-Driving Startup Argo AI to Launch Autonomous Vehicle Delivery
Sep 20 2021 // Self-driving startup Argo AI, automaker Ford Motor Co. and Walmart Inc. will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday [Sept. 15]. Initial...
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...
It Turns Out That Humans Are Secret Weapon for Autonomous Vehicle Startups
Aug 23 2021 // Self-driving startups like Cruise and Pony.ai have begun testing their driverless cars in some parts of California in the past year, with an additional feature: Human operators. While there is no driver behind the wheel,...
