Tagged: car insurance

AI enhanced Insurtech Tractable Acquires $60M via Series D Round led by Insight Partners, Georgian

Tractable, the AI firm assisting insurers with accident and disaster recovery, recently revealed that it has acquired $60 million through a Series D round that was led by Insight Partners and Georgian. Tractable’s latest investment round has now doubled the total raised by the firm… Read More

Insurtech: Malaysia’s myTukar, a Car Purchasing, Selling Service Partners PolicyStreet.com to Offer Insurance for Pre-Owned Cars

Malaysia-based myTukar, a pre-owned car purchasing and selling platform, has teamed up with Insurtech company PolicyStreet.com in order to provide insurance policies for pre-owned automobile purchases. Through the partnership, myTukar’s wholesale and retail clients may get timely insurance quotations along with convenient access to most… Read More

U.S. Insurtech Mile Auto Scores $10.3 Million in Seed Funding to Expand Car Insurance Offering Throughout the Country

  Mile Auto, a U.S.-based insurtech startup, announced on Monday it raised $10.3 million through its seed funding round, which included participation from Ulu Ventures, Emergent Ventures, Thornton Capital, and Sure Ventures. Launched in 2019, Mile Auto describes itself as a next-generation insurtech company that uses computer version… Read More

Insurtech: Lemonade, Powered by AI and Behavioral Economics, Is Readying its “Lemonade Car” for Launch Within a Year

Lemonade (NYSE:LMND), the insurance firm that’s powered by AI and behavioral economics, announced on Tuesday (April 20, 2021) that it’s “readying ‘Lemonade Car’ for launch within the year.” As mentioned in a release shared with CI, early registration is “now open at www.lemonade.com/car.” The announcement further… Read More

U.S. Car Insurance Platform Clearcover Secures $200 Million Through Series D Funding Round Led By Eldridge

  Clearcover, a U.S.-based car insurance platform, announced earlier this week it secured $200 million through its Series D funding round, which was led by Eldridge, with participation from American Family Ventures, Cox Enterprises, and OMERS Ventures. Founded in 2016, Clearcover describes itself as the… Read More

Following Crowdcube Success UK Insurtech Honcho Secures £1.2 Million Through Latest Investment Round

Following the closing of its equity crowdfunding campaign on Crowdcube, which raised £893,620 in total funding, UK insurtech Honcho announced it raised an additional £1.2 million through its recent investment round. The company reported that between 2018 and 2019 honcho raised £1.8m from a combination… Read More

Insurtech: Chicago-based Clearcover, a Car Insurance Provider, Finalizes $50 Million Series C Round

Chicago-headquartered Clearcover, a company focused on improving the way people acquire car insurance, has completed its third investment round. Clearcover revealed on January 3 that it had finalized a $50 million Series C round, which was led by OMERS Ventures. Existing investors American Family Ventures,… Read More

New Zealand Automobile Association Partners Insurtech Firm “Greater Than” to Make Driving Safer

The New Zealand Automobile Association (AA New Zealand) is teaming up with insurance technology (Insurtech) firm Greater Than in order to make driving a lot safer. The partnership will reportedly involve the use of the insurtech company’s artificial intelligence (AI) software Enerfy to offer “real-time… Read More

UK Insurtech Startup Cuvva Secures £15 Million Through Series A Funding Round

Cuvva, an insurtech startup that is based in the UK, announced earlier this week it secured £15 million through its Series A funding round. Founded in 2015, Cuvva claims it is building a new kind of insurance that’s flexible, simple and jargon-free. The company noted… Read More

Credit Karma Announces Expansion into Insurance; Launches Auto Insurance Offers in California & Texas

Credit Karma announced earlier this week it is now offering car insurance in Texas and California. Credit Karma’s members in those states are now able to see what they could be paying for auto insurance based on what members like them are paying for the same coverage…. Read More

Singapore’s Vouch Insurtech Secures $1 Million During Seed Investment Round Led By GREE Ventures

Vouch Insurtech, a Singapore-based insurance platform for private communities, announced it secured $1 million during its latest seed investment round, which was led by Nogle Capital Management and GREE Ventures, with participation from several angel investors. Founded in 2017, The platform stated it partners with major insurers to… Read More

Crowdfunder Teams Up With AXA Car Insurance to Launch Crowdfunding Campaign to Help Improve UK Roads

In conjunction with the launch of the Local Road Safety Index, AXA Car Insurance is match funding a road safety crowdfunding campaign in partnership with Crowdfunder, enabling local communities to source funds to help pay for much needed road safety initiatives – helping to further… Read More

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