Tagged: insurance technology

April 16, 2021 @ 8:16 am By Omar Faridi  |  

Lloyd’s Lab has announced its sixth cohort with a special focus on “product simplification” and climate. Lloyd’s revealed on April 15, 2021 that the next eleven insurance technology (Insurtech) startups joining the sixth cohort of the Lloyd’s Lab innovation accelerator program will aim to develop… Read More

April 14, 2021 @ 4:45 pm By Samantha Hurst  |  

  Nova Benefits, a B2B health insurance platform, has reportedly secured $1 million through its latest seed round, which was led by Multiply Ventures, Better Capital and Titan Capital. Founded in 2020, Nova Benefits claims to be the one stop tech platform for providing the “best”… Read More

April 13, 2021 @ 7:17 pm By Omar Faridi  |  

Austin-based The Zebra, a company that provides an insurance comparison solution, has secured $150 million in capital through its Series D round. The Zebra has reportedly achieved Unicorn status (valued at $1 billion or more) following its latest round. The Zebra’s latest investment round size… Read More

April 10, 2021 @ 9:37 pm By Omar Faridi  |  

ZA Tech Global Limited, the technology venture established by ZA International and supported by Softbank’s Vision Fund 1, revealed on Friday (April 9, 2021) that it’s launching its Asia Fintech Center (AFC) in Singapore. The new center will focus on financial services innovation projects and… Read More

April 9, 2021 @ 2:08 pm By Samantha Hurst  |  

Trov, a U.S.-based insurtech company, announced earlier this week that it is expanding its presence in the UK by offering digital renter’s insurance. The company also revealed a new wave of consumers that will offer digital insurance that is powered by its technology, which includes… Read More

April 8, 2021 @ 8:30 am By Samantha Hurst  |  

  Fenris, a U.S.-based insurtech platform, announced on Wednesday it secured $2.7 million in new investment round, which was led by IDEA Fund Partners with participation from  Six-Thirty VC, CIT GAP Funds, and Rezon8 Capital. Founded in 2016, Fenris states its APIs deliver real-time insights na… Read More

April 3, 2021 @ 9:37 pm By Omar Faridi  |  

Astorya.io, which aims to serve as the search engine for Insurance and Banking technologies, has published a blog post, titled InsurTech Europe: 10 Years Of InsurTech In Europe Analyzed Through 800+ Startups (based on data from astorya.io). While discussing how InsurTech startups are gaining considerable… Read More

March 31, 2021 @ 11:39 am By Samantha Hurst  |  

Salty, a U.S.-based Embedded Insurance technology company, announced on Tuesday it secured over $15 million through its latest investment round, bringing the company’s capital raised to date to more than $31 million. Founded in 2019, Salty states it removes existing consumer impediments to buying the right… Read More

March 31, 2021 @ 9:40 am By Samantha Hurst  |  

  Next Insurance, an insurtech seeking to transform small business insurance, announced on Wednesday it raised  $250 million through new funding round, which was led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle, and G Squared. Next… Read More

March 30, 2021 @ 10:54 am By Samantha Hurst  |  

  Marble, a U.S.-based digital wallet and loyalty platform for insurance, announced on Tuesday it is dropping its waitlist and opening its platform to any U.S. policyholder. The launch comes less than two months after Marble raises $2.5 million through its seed financing round.  Founded… Read More

March 28, 2021 @ 9:52 pm By Samantha Hurst  |  

  U.S.-based insurtech startup Pie Insurance announced on Friday it secured $118 million through its Series C funding round, which was led by Allianz X and Acrew Capital, with participation from Greycroft, SVB Capital, SiriusPoint, Elefund, and Moxley Holdings. As previously reported, Pie describes itself as… Read More

March 21, 2021 @ 5:33 pm By Omar Faridi  |  

Insurtech firm Lemonade has shared some important information regarding making down payments on properties. Team Lemonade (NYSE:LMND) writes in a blog post that when someone says they are “saving up” for a home, what they’re “really doing is saving up for a down payment.” The… Read More

March 16, 2021 @ 2:40 pm By Samantha Hurst  |  

LeaseLock, a U.S.-based insurtech that provides totally eliminates security deposits, surety bonds, and guarantors in rental housing, announced on Tuesday it has surpassed $1 billion in insured lease value for residential apartment homes. The latest milestone comes shortly after LeaseLock announced its $52 million through… Read More

March 15, 2021 @ 10:01 pm By Omar Faridi  |  

Malaysia-based Ouch!, a digital or online insurance company, has secured RM 1.5 million (appr. $360,000) in seed funding via a round led by Vynn Capital and Temokin, along with participation from several angel investors. The Ouch! team says it will use the capital raised from… Read More

March 15, 2021 @ 9:55 am By Samantha Hurst  |  

InsurTech NY, a global InsurTech hub, recently announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference. According to Insurtech NY, winners were selected by judging panels grouped by their background – angel investors, venture capitalists, carrier and brokers, and the… 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 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 24, 2021 @ 9:46 pm By Omar Faridi  |  

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More