Insurtech

U.S. Insurtech Circulo Raises $50 Million Through Series A Funding Round Co-Led By Drive Capital & General Catalyst

Circulo, a U.S.-based insurtech, recently announced it secured $50 million through its Series A funding round, which was co-led by Drive Capital and General Catalyst.  Circulo reported it is building the Medicaid insurance company of the future to provide tech-enabled, world-class care to the nation’s… Read More

French Insurtech Zelros Raises $11 Million Through Series A Funding Round Led By BGV

  Zelros, a French insurtech platform, announced earlier this week it secured $11 million through its Serie A funding round, which was led by BGV with participation from ISAI Cap Venture, and Plug and Play. The investment round brings the company’s funding to $16.5 million…. Read More

F10 Launches First Incubation Program for Fintechs & Insurtechs in Spain

  Switzerland based Fintech Incubator & Accelerator F10 announced on Tuesday it has launched its first incubation program for fintechs and insurtechs in Spain. According to F10, the incubation program aims to support early-stage startups in the processor transforming their prototype into a scalable product, while… Read More

 Buckle Adds Crash Risk Data From TNEDICCA For Auto Insurance Underwriting

  Buckle, a U.S.-based financial services group, announced on Wednesday it has partnered with TNEDICCA, a location-based traffic crash intelligence and predictive analytics provider, to offer crash risk data for auto insurance underwriting. Buckle reported that TNEDICCA has built a proprietary traffic crash location database… Read More

U.S. Trucking Insurtech Koffie Labs Raises $4.5 Million in Venture Financing

  Koffie Labs, a U.S.-based insurtech that is focused on reinventing the trucking and transportation markets, announced on Tuesday it has raised $4.5m in venture financing.  According to Koffie, Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048… Read More

OurCrowd Reports Hiring Boom in Israel in Spite of Pandemic

  Global investment crowdfunding platform OurCrowd has published its Jobs Index, a report that the company plans to publish quarterly, that indicates startups are increasing hiring despite the ongoing pandemic challenges. According to OurCrowd, high-tech startups with job openings in Israel have risen by 400%… Read More

Commercial Insurance-as-a-Service API Provider Briza Secures $8 Million Through Series A Funding Round Led By Investment Group of Santa Barbara

Briza, a U.S.-based commercial insurance-as-a-service API provider, recently announced it secured $8 million through its Series A funding round, which was led by Investment Group of Santa Barbara with participation from 500 Startups. Founded in 2016, Briza claims it is enabling the commercial insurance industry’s… Read More

Swedish Open Insurance Platform Insurely Secures €2.5 Million Through Latest Investment Round

  Insurely, a Sweden-based open insurance platform, has reportedly secured €2.5 million through its latest investment round. According to Silicon Canals, the investment round was led by Swedish venture capital firm, Luminar Ventures.  Founded in 2005, Insurely states it is on a mission to digitize… Read More

Thailand-Based Insurtech AppMan Secures $4.6 Million Through Series A Funding Round

  AppMan, a Thailand-based insurtech, has reportedly raised $4.3 million through its Series A funding round, which saw participation from Siam Alpha Equity’s SME Growing Together 1 fund, Krungsri Finnovate, Casmatt, KTBST, and Poems Ventures, the venture arm of PhillipCapital Group. Founded in 2011, AppMan claims to be… Read More

U.S. Insurtech InsurePay Captures $5 Million Through Series A Funding Round Led By FINTOP Capital

  InsurePay, a U.S.-based workers’ compensation administration and insurance premium billing platform for insurance providers, announced on Wednesday it raised $5 million through its Series A investment round, which was led by FINTOP Capital. Founded in 2003, InsurePay claims it delivers world-class solutions in the… Read More

U.S. Insurtech Kin Insurance Surpasses $10 Billion in Total Insured Property Value

  U.S. insurtech startup Kin Insurance announced on Tuesday it has surpassed $10 billion in total insured property value. Kin reported that it saw a 400% increase in direct written premiums of the fourth quarter of 2020 over the past year. It also saw a… Read More

Overfunding: Insurance Intelligence Startup Percayso Quickly Secures £400,000 Funding Target Through Seedrs Campaign

  Percayso, a UK-based insurance intelligence provider, has successfully secured its minimum £400,000 funding target through its crowdfunding campaign on Seedrs. The funding round has so far attracted nearly 150 Seedrs investors. Founded in 2018, Percayso states its insurance intelligence goes beyond traditional data enrichment by… Read More

Insurtech Lemonade, Powered by AI and Behavioral Economics, Selects Bestow Life Insurance Platform

Lemonade (NYSE:LMND), a fast-growing Insurtech that emerged as one of the most successful initial public offerings of 2020 (and recently launched life insurance), has teamed up with Bestow, a “full-stack” life insurance firm. Powered by Bestow’s Protect API, Lemonade clients may apply for “instant,” and… Read More

Insurance Digital Wallet & Loyalty Platform Marble Scores $2.5 Million Through Latest Seed Financing Round

Marble, a U.S.-based digital wallet and loyalty platform for insurance, announced on Wednesday it raised $2.5 million through its seed financing round. The company’s investors include IA Capital Group, MS&AD Ventures, Reciprocal Ventures, Fintech Ventures Fund, The Takoma Group, and HU Investments. Founded and launched in… Read More

Singapore Insurtech CXA Group to Sell Brokerage Division, will Focus on SaaS Platform and Global Expansion

Singapore-headquartered Insurtech firm CXA Group has reportedly decided to restructure its operations by selling off its brokerage division so that it can focus on the development and global expansion of its enterprise software-as-a-service (SaaS) platform. CXA stated that it will be selling its brokerage business… Read More

DealerPolicy Attracts $30 Million Through Series B Funding Round Led 3L Capital

  DealerPolicy, a U.S.-based insurance marketplace solution for dealers, announced on Tuesday it raised $30 million through its Series B funding round, which was led by 3L Capital. As previously reported, DealerPolicy claims to be the most trusted and complete digital insurance marketplace for automotive… Read More

U.S. Insurtech Trov Announces New Partnership With Electric Car Rental Specialist UFODrive

      Trov, a U.S.-based insurtech company, recently announced it has formed a new partnership with UK-based electric car rental specialist, UFODrive.  According to Trov, the partnership represents a “major milestone” for the insurtech, as it is marks the first step in a wider… Read More

Israeli Venture Capital Investment Firm FinTLV Closes $120 Million Global Insurtech-Fintech Fund

    Israel-based venture capital investment firm FinTLV recently announced it has closed its second $120 million global insurtech-fintech fund. According to FinTLV, the fund will focus primarily on global growth-stage insurtech and fintech companies “The Fund has recently made several substantial investments in leading… Read More

Canadian Insurtech Foxquilt Announces Partnership With Digital Partners

    Foxquilt, a Canada-based insurtech startup, recently announced it has formed a new partnership with Digital Partners, a Munich Re company. Foxquilt reported that through the collaboration it will operate as a full-service insurance provider and co-creator of new, end-to-end insurance products and programs… Read More

German Insurtech INZMO Raises €3.1 Million Through Seed Investment Round Led By Change Ventures

  INZMO, a Germany-based insurtech startup, announced on Thursday it secured €3.1 million through its latest seed investment round, which was led by Change Ventures with participation from Swiss insurance giant Helvetia. Founded in 2016, INZMO aims to simplify the insurance process with its full-stack… Read More

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