Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
Indian Insurance Startup Policybazaar Files for $810M IPO
Aug 2 2021 // BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ($809.36 million), joining a string of Indian startups that have tapped...
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...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round
Jul 2 2021 // Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising $200 million from Sequoia...
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...
Nationwide Invests in Certificate of Insurance Startup Certificial
Jun 10 2021 // Insurer Nationwide has invested in an early-stage funding round for Certificial, an insurtech with a platform that issues real-time certificates of insurance and simplifies compliance management. Certificial’s $5.8...
‘Cat-Prone’ Startup Kin Insurance in Talks to Go Public With ‘Shark Tank’ Judge’s SPAC
May 20 2021 // Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led by recurring “Shark Tank” guest judge Matt Higgins, according to people...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
May 12 2021 // Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to...
Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change
Apr 20 2021 // KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable...
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...
Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action.
Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro. London-based Hiro has developed a home insurance product that...
A New Kind of Startup
Mar 22 2021 // It is estimated that entrepreneurs created between 6,000 and 8,000 new independent insurance agencies over the last decade. Each of these entrepreneurs sought to create their own unique vision of the future. But their...
Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021
Mar 4 2021 // Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth...
Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO
Mar 3 2021 // Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion. The IPO gives...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO
Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...
UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover
Feb 9 2021 // Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland. The partnership between Brite and Zego means...
SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup
Feb 4 2021 // The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off...
Insurance Verification Startup TrustLayer Raises $6.6M from BrokerTech, Ventures
Feb 3 2021 // TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance brokers and others. “Verification of insurance and business...
Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition
Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021. Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...
Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI
Jan 19 2021 // Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week. Freestyle.VC led the funding...
