Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
Business Startups Surged Amid Covid-19 Pandemic
Jan 19 2021 // The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises. After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective...
Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers
Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...
Judge Throws Out Apple Copyright Claims Against Security Software Startup Corellium
Dec 30 2020 // A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the...
German Insurtech Startup Wefox Expects Profitable 2021
Dec 15 2020 // BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an...
UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm
Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...
Why It’s a Good Time for Insurtechs to Be Thinking About Mergers
Oct 30 2020 // The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. “InsurTech is...
Startup Auto Insurer Root Raises $724.4 Million in IPO
Oct 28 2020 // Automobile insurance startup Root Inc. sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said. Root, which has $200 million in debt,...
Startup Personal Lines Insurer Root Looking to Raise $604 Million in IPO
Oct 20 2020 // Automobile insurance startup Root Inc. said on Tuesday it plans to raise as much as $604.1 million in its initial public offering on the Nasdaq, the latest in a line of insurers looking to tap the current boom in U.S....
InsurTech NY Announces Its 2020 Accelerator Cohort
Oct 13 2020 // InsurTech NY, an InsurTech community in the New York metro area, has announced its growth-stage InsurTech accelerator cohort. The 22 startups were selected to participate in its insurance carrier and broker sponsored...
Formation of More ‘Class of 2020’ Reinsurers Unlikely
Sep 25 2020 // The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was...
As Wildfires Spread, Public Safety Tech Startups Lack Venture Capitalists’ Backing
Sep 24 2020 // Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke. Winnacker, a...
Startups Developing Technologies to Clean Air in Workplaces of Coronavirus
Sep 21 2020 // Smithfield Foods Inc. thought it was doing great. In the first quarter of this year, the pork giant’s earnings were up 190% over the same period in 2019. Then the pandemic hit, and the close quarters of meatpacking...
Startup Branch Starts Reciprocal Exchange for Personal Lines Insurance
Aug 25 2020 // Columbus, Ohio-headquartered personal lines insurance startup Branch has launched the Branch Insurance Exchange that it says will reduce the cost for its members. Branch formerly operated as a managing general...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 24 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Investors Back Startups for Commercial Auto, Climate Risk, High Risk Homes
Aug 14 2020 // An insurtech managing general agency focused on commercial auto insurance has raised $16 million in new Series A financing, a climate-risk related platform has $4.2 million in new seed financing, and a home insurance...
Not Every Insurtech Is a Startup: How Swiss Re Delivers Tech Solutions
Aug 14 2020 // It’s not just insurtech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of insurtech-type solutions for...
The Future of Insurance Industry Will Not Be Decided by Insurtechs Alone: Viewpoint
Aug 6 2020 // Insurtech was once the Wild West of the insurance industry. Many of insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive...
CoverWallet Launches Digital Management Liability Package for VC-Backed Startups
Aug 3 2020 // CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups...
UK Insurtech Startup battleface Offers COVID-19 Travel Insurance Package
Jul 21 2020 // Travel insurance provider battleface announced a new COVID-19 travel insurance package. The new policy will give travelers the peace of mind they have been looking for to venture out safely, including to countries...
SoftBank-Backed Indian Fintech Startup Seeks IPO Valuation of More Than $3.5B
Jul 20 2020 // Online insurance platform Policybazaar aims to go public in 2021 at a valuation north of $3.5 billion, potentially becoming the first of India’s mega-startups to debut as its digital economy booms. The startup plans...
