Tagged: insurance technology

Insurtech: France-based Akur8, an AI-enhanced Insurance Platform, Secures €8 Million via Series A Round from BlackFin Capital and MTech Capital

Paris-headquartered Akur8, a company that’s developing an artificial intelligence (AI)-enhanced insurance pricing platform, has secured €8 million via a Series A round from BlackFin Capital and MTech Capital. The funds raised will be used to expand the firm’s business operations across North and South America… Read More

Pie Insurance Announces Expansion of Service to Small Businesses in Alaska & Missouri

Insurtech startup Pie Insurance recently announced it is planning to expands its services to small businesses in Alaska and Missouri. As previously reported, Pie describes itself as a fast-growing insurtech startup that offers workers’ compensation insurance directly to small businesses. The company revealed it began… Read More

Commercial Insurtech Bold Penguin Adds Auto Insurance to Exchange

Bold Penguin, a U.S.-based commercial insurtech firm, recently announced it has added commercial auto insurance to its insurance platform. According to Bold Penguin, the new capability will allow business use auto insurance to be quoted with other insurance coverage in a bundle. Speaking about the… Read More

NY Insurtech Blackboard Receives Commercial Insurance Approval in Virginia

Blackboard Insurance, a NY-based insurtech platform, recently announced it has received the approval for its commercial insurance package in Virginia. According to Blackboard, the approval will bring capabilities to middle-market customers in 47 states and territories. Speaking about the approval, Seraina Macia, CEO of Blackboard,… Read More

UK Insurtech Collective Benefits Secures £3.3 Million Through Latest Seed Round

Collective Benefits, a UK-based insurance platform for self-employed workers, has secured a total of 3.3 million through its seed funding round. Founded in 2019, Collective Benefits gives freelancers “the safety net” they deserve. “There are now 6 million self-employed workers in the UK and we… Read More

Insurtech: France’s Third-Largest Bank, Société Générale, Invests €1.1 Million in Mutumutu, a Czech Online Life Assurance Firm

Paris-headquartered Societe Generale, the third-largest bank in France and multinational financial services company, has invested €1.1 million in Mutumutu, a Czech online life assurance company that provides special discounts on premiums for people who maintain a healthy lifestyle. Founded in 2018, Mutumutu was established as… Read More

Boost Insurance Secures $14 Million Through Series A Funding Round to Expand Infrastructure-As-A-Service Platform

Boost Insurance recently announced it secured $14 million through its Series A funding round, which was led co-led by Coatue and Graycoft with participation from Tusk Venture Partners, Conversion Capital, and MetLife Chairman, Glenn Hubbard.  Existing investors Norwest Venture Partners and IA Capital Group also… Read More

Plug and Play Forms New Insurtech Partnership With Society of Actuaries

The Society of Actuaries (SOA) announced last week it has formed a partnership with Silicon Valley accelerator, Plug and Play. The duo is reportedly joining forces to exchange “knowledge and ideas” that will benefit both the insurance and consumers. “This relationship will allow InsurTech start-ups… Read More

U.S. Insurtech Buckle Partners With Lyft to Offer Rideshare-Only Insurance

Buckle, a U.S.-based insurtech, announced on Thursday it has launched its rideshare-only insurance that provides rideshare and Transportation Network Company (TNC) drivers with personal and commercial coverage in one policy. Buckle reported it is now available to eligible Lyft drivers in Georgia with other partners expected… Read More

Insurtech Startup Figo Pet Insurance Receives $5 Million Investment From Independence American Insurance Company For 4% Equity Stake

U.S.-based insurtech startup, FIGO Pet Insurance recently announced it received a $5 million investment for a 4% equity stake from underwriting partner Independence American Insurance Company (IAIC), a member of the IHC Group, placing Figo’s valuation at $125 million. FIGO offers a combination of comprehensive insurance policies to protect… Read More

Insurtech Startup Slope Software Raises $1 Million Through Seed Funding Round Led By Tech Venture Fund Cofounder Capital

Slope, an Atlanta-based software as a service company, announced earlier this week it raised $1 million through its latest seed funding round, which was led by tech venture fund Cofounders Capital. Founded in 2015, Slope described itself as an actuarial financial projection modeling software company, designed… Read More

U.S. Insurtech Policygenius Secures $100 Million Through Series D Funding Round Led By KKR

Policygenius, a U.S.-based online insurance marketplace, announced on Thursday it secured $100 million through its Series D funding round, which was led by global investment firm KKR, with participation from Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures…. Read More

Update: UK Insurtech Honcho Set to Close Crowdcube Round With More Than £1 Million in Funding Secured

UK insurtech Honcho is now set to close its equity crowdfunding campaign on Crowdcube with more than £1 million in funding secured. The initiative has reportedly attracted nearly 600 Crowdcube investors. As previously reported, Honcho is described as a reverse-auction marketplace where insurers enter a… Read More

Update: Honcho’s Latest Equity Crowdfunding Round Nears £1 Million in Funding During the Final Days on Crowdcube

Honcho’s latest equity crowdfunding campaign on Crowdcube is now nearing £1 million in funding. The UK-based insurtech launched the initiative last month with a mission to raise a minimum of £700,000. The company is offering 9.21% in equity at a £6,899,999 pre-money valuation. Honcho describes… Read More

German Insurtech GetSafe Announces UK Expansion

Getsafe, a Germany-based insurtech startup, announced on Thursday it has started its digital contents insurance expansion into the UK. The expansion of services comes less than a year after Getsafe secured $17 million through its Series A funding round, which was notably led by Earlybird… Read More

Update: Honcho Extends Crowdcube Campaign; Now Nearing £875,000 in Funding

UK-based insurtech Honcho recently announced it has decided to extend its latest equity crowdfunding campaign on Crowdcube. The funding round originally sought to raise £700,000 and is now nearing £875,000. The initiative has attracted 455 investors.  As previously reported, Honcho is a reverse-auction marketplace where… Read More

U.S. Insurtech Insurify Secures $23 Million Through Series A Funding Round to Expand Into Home & Life Insurance

Insurify, an AI-powered insurance comparison platform that’s based in the U.S., announced on Wednesday it secured $23 million through its Series A funding round, which was led by MTech Capital and Viola FinTech, with participation from Nationwide, Hearst Ventures, and MassMutual Ventures. Founded in 2013,… Read More

Overfunding: UK Insurtech Honcho Surpasses £700,000 Funding Target Through Latest Crowdcube Round

UK-based insurtech Honcho has successfully secured its initial £700,000 funding target through its latest Crowdcube round. The campaign comes less than two years after Honcho raised £829,370 on Crowdcube.  As previously reported, Honcho describes itself as a reverse-auction marketplace where insurers enter a competitive real-time… Read More

Update: U.S. Insurtech Corvus Insurance Raises $32 Million Through Series B Funding Round Led By Telstra Ventures

Corvus Insurance, a U.S.-based insurtech startup, announced on Thursday it raised $32 million through its Series B funding round, which was led by Telstra Ventures with participation from Obvious Ventures and existing Corvus investors including .406 Ventures, Bain Capital Ventures and Hudson Structured Capital Management…. Read More

InsurTechNY Announces New Global InsurTech Competition

InsurTechNY, an InsurTech community that is based in the New York metro area, announced on Tuesday it has opened applications for the 2020 InsurTech Startup Competition. According to InsurTechNY, the competition has two tracks and will award $300,000 in prizes to the six winning teams. Startups in… Read More

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