insurtech funding News

FutureProof Secures $6.5M to Launch Climate Risk MGA

San Diego-based FutureProof Technologies, which calls itself a “climate-smart property/casualty insurtech,” announced that it has raised $6.5 million in capital led by AXIS Digital Ventures, bringing its total capital raised to nearly $10 million. The firm said the his capital …

Insurtech Funding Levels Come Crashing Down in Q1

Funding for the insurtech sector plummeted 58% in the first quarter of 2022 compared to fourth-quarter 2021, according to data released Tuesday by CB Insights. The total funding amount of $2.2 billion across 143 deals, compares to $5.3 billion across …

Insurance Technology: Certificate Hero and TNEDICCA Attract Investors

Certificate Hero Raises $4.5 Million for Certificate of Insurance Processing Platform Certificate Hero, a platform for issuing and managing certificates of insurance, reported it received $4.5 million in funding in its Series Seed II round led by RRE Ventures. The …

Insurtechs Kin, Talage Report Successful New Financing Rounds

Kin Announces $82M First Close in Series D Financing Direct-to-consumer home insurance company Kin Insurance last week announced the $82 million first close of its Series D round, with additional commitments for a second close totaling $18 million. The funding …

Counterpart Raises $30 Million in Series B Funding Round

Counterpart, the management liability insurtech, announced raising $30 million in Series B growth financing led by Vy Capital, a global technology investment company that has backed leading companies such as Coalition and Reddit. Prior investors also participated in the round, …

Commercial Lines Insurtech Sayata Raises $35 Million to Expand Lines

Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The insurtech previously raised $17 million five months ago, resulting in a total A round of $52 million. Sayata CEO and Founder Asaf Lifshitz …

Insurtech Accelerant Raises $190 Million

InsurTech Accelerant raised more than $190 million at a $2 billion pre-money valuation in its latest funding round. Atlanta-based Accelerant serves a network of managing general underwriters (MGU) and program administrators (PA) that it refers to as its members. The …

Insurtech Unicorn Bolttech Weighs Raising $300M in Fresh Funds

Bolttech, an insurance technology unicorn backed by Hong Kong billionaire Richard Li, is considering raising $200 million to $300 million in fresh funds this year, according to people familiar with the matter. The Singapore-based company is working with financial advisers …

Multi-Family Property Insurtech Honeycomb Raises $15.4 Million, Plans Expansion

Digital insurance provider Honeycomb announced it has raised $15.4 million in a Series A funding and plans to expand into more states. The reinsurance-backed managing general agent (MGA) touts a technology stack for multi-family properties that streamlines the insurance buying …

UK Brokerage Insurtech Eyes U.S. Expansion After $7.9M Capital Raise

A commercial insurance brokerage technology company that is up and running in the UK is targeting the U.S. after raising more than $7.9 million in a Series A funding round. Broker Insights, which is based in Scotland, raised the funding …