venture capital News

Just Auto in California Secures $5.7M Seed Financing Led by ManchesterStory

Los Angeles, Calif.-based SF Insuretech Inc., the parent company of Just Auto Insurance, on Wednesday announced a $5.7 million seed funding round. ManchesterStory led the round, with additional investments from CEO and Founder Robert Smithson, Crosscut Ventures and Plug & …

Coalition in California Raises $90M to Grow Internationally

San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion. Valor Equity Partners led the funding with participation from Felicis Ventures, Greyhound Capital, and …

California Bill Targets Sexual Harassment by Venture Capitalists

A rash of sexual harassment scandals this summer involving venture capitalists has laid bare a major weakness in laws meant to protect workers from unwelcome advances. While legislation is clear on many workplace interactions, there’s next to nothing on the …

Insurtech Startup Buys MGA in California with Product for Agents in Mind

Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive insurance.” Bridger CEO Kimo Winterbottom talked about the acquisition with Insurance Journal on Thursday …

Metromile Auto Insurer Gets $192 Million, Mark Cuban and Mosaic’s 50 State Licenses

Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. — a $22 million …

Insurance Startup in California Eyeing Gig Economy Opens $2M Seed Round

Bunker Project Inc., a San Francisco, Calif.-based insurance technology startup, announced a $2 million seed funding round. The round was co-led by Comcast Ventures and Route 66 Ventures. Insurance carriers Hiscox and American Family Ventures also participated in the round. …

Iowa-Based Global Insurance Accelerator Names 2016 Class of Startups

Global Insurance Accelerator (GIA), a Des Moines, Iowa-based global business accelerator focused on developing and growing innovative insurance-centric startups, has announced its 2016 portfolio. With a global pool of twice as many applicants compared to the previous year, the five …

Online Agency Insureon Adds Hartford, PwC Execs to Leadership Team

Insureon, an online agency for small business insurance, said it has expanded its leadership team to include Brandon Hickey as president of Insureon Brokerage and Mark Thompson as senior vice president, Product Excellence. A 30-year veteran of the insurance industry, …

Insureon Lands $31M Investment from Oak HC/FT

Chicago-based online provider of small business insurance, Insureon, announced $31 million in new funding led by Oak HC/FT, a venture capital fund investing in financial technology companies. Also participating in the round of funding was the private investment firm, Accretive, …

ACE Offers Cover for Private Equity/Venture Capital Firms in Hong Kong, Singapore

ACE Group has launched Private Equity and Venture Capital Liability Insurance in Hong Kong and Singapore. The product aims to address the evolving regulatory and volatile economic environments as well as increasingly complex deal structures. The product offers insureds protection …