Insurtech

March 8, 2021 @ 10:30 pm By JD Alois  |  

Thomvest is a VC firm that is heavy into Fintech with investments in firms like SoFi and Figure or Kabbage and Creditjusto. Several investments (IE Kabbage and SoFi) have been successfully exited, while others remain portfolio companies. Overall, Thomvest touts 9 investments in unicorns and… Read More

March 8, 2021 @ 10:44 am By Samantha Hurst  |  

    AgentSync, a U.S.-based insurtech, announced on Monday it secured $25 million through its Series A funding round, which was led by Lead Gil and David Sacks’ Craft Ventures with participation from Benioff, Caffeinated Capital, Operator Collective, and Nine Four Ventures. The investment round… Read More

March 5, 2021 @ 11:12 pm By Omar Faridi  |  

  Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia… Read More

March 3, 2021 @ 9:56 pm By Omar Faridi  |  

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 released its Q4 2020 and full year 2020 financial results. In its Letter to Shareholders, which is posted to Lemonade’s Investor… Read More

March 3, 2021 @ 1:40 pm By Samantha Hurst  |  

Next Insurance, an insurtech seeking to transform small business insurance, announced on signed a definitive agreement to acquire AP Intego, a digital insurance agency that provides a suite of small commercial insurance products to small business software ecosystems in the U.S. Next Insurance reported that through… Read More

March 2, 2021 @ 11:15 pm By Omar Faridi  |  

The Insurtech industry in Thailand has been growing steadily with firms in the sector consistently finalizing million-dollar investment rounds. Meanwhile, traditional insurance service providers in the country have been working on their digital transformation strategies in order to remain competitive, as foreign companies are also… Read More

February 26, 2021 @ 9:47 pm By Samantha Hurst  |  

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

February 26, 2021 @ 1:42 pm By Samantha Hurst  |  

  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

February 24, 2021 @ 12:11 pm By Samantha Hurst  |  

  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

February 24, 2021 @ 9:44 am By Samantha Hurst  |  

  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

February 23, 2021 @ 1:26 pm By Samantha Hurst  |  

  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

February 23, 2021 @ 9:40 am By JD Alois  |  

  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

February 22, 2021 @ 11:16 am By Samantha Hurst  |  

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

February 19, 2021 @ 10:19 am By Samantha Hurst  |  

  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

February 18, 2021 @ 10:20 am By Samantha Hurst  |  

  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

February 17, 2021 @ 11:57 am By Samantha Hurst  |  

  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

February 16, 2021 @ 4:12 pm By Samantha Hurst  |  

  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

February 16, 2021 @ 11:13 am By Samantha Hurst  |  

  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

February 11, 2021 @ 7:30 am By Omar Faridi  |  

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

February 10, 2021 @ 9:51 am By Samantha Hurst  |  

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