insurtech funding News

Nirvana Raises $80M for AI-Driven Fleet Insurance; Carrier-Agency Connector CoverForce Secures $13M

Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round was led by General Catalyst with continued support …

Embedded Business Insurance Agency Coverdash Raises $13.5 Million

Coverdash, which offers embedded commercial insurance technology with products for startups and small-to-medium businesses, announced $13.5 million in Series A funding. Coverdash’s technology package gives businesses such as payroll, payment, lending, human relations and website creators the ability to offer …

Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding

Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners. The new funding positions San Francisco-based Nirvana to make substantial …

Openly Secures $100 Million in Series D Funding

Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity …

Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round

Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With reports of a decline in investment …

Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank

⁠Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors Insight Partners and Georgian participated in the round. Tractable said …

Insurtech Thinksurance Raises $24M

Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The capital comes from new investors as well as existing shareholders and will enable Thinksurance to …

Insify Raises €10 million Series A Extension Led By Munich Re

Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million. Munich Re Ventures led the extension round and was joined by existing investors including global venture fund Accel – who …

Travel Insurtech Faye Raises $10M in Series A Funding

Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures along with …

Obie Raises $25M Series B to Expand Embedded Insurance Technology

Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor groups. “We’re excited to have the ongoing …