Insurtech

July 24, 2020 @ 2:47 pm By Samantha Hurst  |  

U.S. insurtech Sidecar Health announced on Thursday it secured $20 million through its recent investment round, which was led by Cathay Innovation with participation from Comcast Ventures and Kauffman Fellows. The company has so far raised $40 million to date. Founded in 2018, Sidecar Health… Read More

July 23, 2020 @ 9:16 pm By Samantha Hurst  |  

Insurtech NY, an insurtech community that is located in the New York metro area, announced earlier this week it will be accepting applications for its growth-stage InsurTech accelerator program. The application window will be open from July 21st to August 17th. According to Insurtech NY,  the… Read More

July 23, 2020 @ 9:11 pm By Samantha Hurst  |  

Branch, a U.S.-based insurtech startup, announced on Wednesday it secured $24 million through its Series A funding round, which was co-led by Greycroft and HSCM Bermuda with participation from American Family Ventures and Revolution’s Rise of the Rest Seed Fund. Founded in 2018, Branch claims… Read More

July 21, 2020 @ 8:49 pm By Omar Faridi  |  

Policybazaar, a digital insurance platform, is reportedly planning to conduct an initial public offering (IPO) next year at a valuation of more than $3.5 billion. If it’s successful, then it might potentially become the first of India’s major startups to carry out such a large… Read More

July 21, 2020 @ 2:13 pm By Samantha Hurst  |  

Nexsys Technologies, a U.S.-based fintech company that provides a suite of essential tech solutions for mortgage origination and closing, announced on Tuesday it has formed a partnership with insurtech Lemonade to simplify the homeowners’ insurance verification process by using Nexsys’ Clear HOI. Nexsys reported that… Read More

July 21, 2020 @ 12:02 pm By Samantha Hurst  |  

  U.S. insurtech startup Hippo Insurance announced on Tuesday it secured $150 million through its Series E funding round and bought its total funding to $359 million, valuing its business at $1.5 billion post-financing. Founded in 2015, Hippo describes itself as a home insurance company… Read More

July 16, 2020 @ 9:29 pm By JD Alois  |  

Vouch, an Insurtech targeting the startup sector, says it has expanded its services from seed-stage startups to Series B companies while moving into 22 new states in the past 12 months. Vouch is on a mission to simplify the insurance process for early stage firms… Read More

July 16, 2020 @ 7:28 am By Omar Faridi  |  

Evertas, which claims to be the very first crypto-asset insurance firm, has finalized a $2.8 million seed funding round. As mentioned in a release shared with CI, Evertas’ investment round was led by Morgan Creek Capital.  Plug n Play, Kailash Ventures, RenGen, Vy Capital and… Read More

July 13, 2020 @ 4:09 pm By Omar Faridi  |  

Meltem Demirors, the Chief Strategy Officer of CoinShares, an investment company that manages $750 million in assets, and serves as a partner to investors and entrepreneurs focused on the digital asset ecosystem, recently questioned why Insurtech Lemonade (NYSE:LMND) is valued at around $4 billion on… Read More

July 13, 2020 @ 4:01 pm By Samantha Hurst  |  

Foxquilt, a Canada-based insurtech startup, recently announced it secured $3.5 million through its seed funding round. Founded in 2016, Foxquilt describes itself as an insurtech company that’s focused on empowering social groups and B2B networks to save on Small Business and Home insurance. “Our Insurance-as-a-Service… Read More

July 13, 2020 @ 11:52 am By Samantha Hurst  |  

UK-based insurtech Honcho has launched an equity crowdfunding campaign on Seedrs. The new crowdfunding campaign less than six months after raising nearly £900,000 through its Crowdcube round. Honcho revealed that the Seedrs campaign is a follow-on round from the £1.2 million crowd raise completed in April… Read More

July 10, 2020 @ 10:48 pm By Samantha Hurst  |  

Equipsme, a UK-based startup that is aiming to democratize health insurance by making it an affordable reality for businesses of all sizes, has successfully secured its initial £500,000 equity crowdfunding target on Crowdcube. The company is now offering 4.64% in equity at a £10,922,896 pre-money… Read More

July 10, 2020 @ 3:37 pm By Samantha Hurst  |  

Thimble, a U.S.-based insurtech startup that helps small businesses succeed on their own terms, announced on Thursday it has released a new API for partners who serve the small business and professional services communities. Thimble reported that With the Thimble API, partners can offer flexible insurance… Read More

July 8, 2020 @ 12:58 pm By JD Alois  |  

The insurance industry is enormous and many industry followers believe it is ripe for disruption. In light of this, top UK crowdfunding platform Seedrs and Insurtech UK have formed a new partnership to match investors interested in the sector with promising Insurtech startups. According to… Read More

July 8, 2020 @ 12:40 pm By Samantha Hurst  |  

Concirrus, a UK-based insurtech, has reportedly secured a $6 million investment from Commerzventures. Founded in 2012, Concirrus shared its Quest platform provides proprietary behavioral data and predictive models that significantly outperform traditional risk assessment and underwriting techniques in the insurance market. “Our Quest products access… Read More

July 7, 2020 @ 10:00 pm By JD Alois  |  

Last week, well-known Insurtech Lemonade (NYSE:LMND) launched an initial public offering (IPO) on the New York Stock Exchange. Shares listed at $29 but quickly moved higher closing over $60/share – a significant move. Today, Lemonade traded at around $80 a share giving the young firm… Read More

July 2, 2020 @ 12:33 pm By JD Alois  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech firm, completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Earlier today it was reported that at the last minute Lemonade bumped up its planned offering price to $29 a share. Apparently, that was not… Read More

July 2, 2020 @ 8:52 am By JD Alois  |  

Lemonade, a high profile Insurtech, is scheduled to trade on the NYSE today under the ticker symbol “LMND.” At the last minute, the company bumped up the per-share price to $29/share. Just yesterday, Lemonade indicated in an updated S-1 filing that shares would trade in… Read More

July 1, 2020 @ 9:34 am By JD Alois  |  

Lemonade, a fast-growing Insurtech firm, has upped its initial public offering (IPO) share price range according to an updated S-1 filing. Shares are expected to trade on the New York Stock Exchange (NYSE) on Thursday under the ticker symbol “LMND.” It was last reported that… Read More

June 29, 2020 @ 2:26 pm By Samantha Hurst  |  

  Insurtech startup Hippo Insurance recently announced it has expanded its claims partnerships with Handdii and Westhill. Hippo claimed that the partnerships will allow it to match claimants with top tier contractors to deliver the comfort and satisfaction of high-quality work, real-time updates and a… Read More