Tagged: insurtech

Insurtech Lemonade Releases its Q4 2020 Financial Results, Now Claims Over 1M Customers in Just 4 Years of Operations

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

Next Insurance Set to Acquire Digital Insurance Agency AP Intego

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

Insurance Sector in Thailand Continues to Grow during COVID-19 with Insurtech AppMan Securing More Funding

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

U.S. Insurtech Circulo Raises $50 Million Through Series A Funding Round Co-Led By Drive Capital & General Catalyst

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

French Insurtech Zelros Raises $11 Million Through Series A Funding Round Led By BGV

  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

Global Fintech Investment Activity Recovered Strongly in H2 2020 after COVID-related Slowdown, $105B Raised via 2,861 Deals

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

F10 Launches First Incubation Program for Fintechs & Insurtechs in Spain

  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

U.S. Trucking Insurtech Koffie Labs Raises $4.5 Million in Venture Financing

  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

Swedish Open Insurance Platform Insurely Secures €2.5 Million Through Latest Investment Round

  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

Thailand-Based Insurtech AppMan Secures $4.6 Million Through Series A Funding Round

  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

U.S. Insurtech Kin Insurance Surpasses $10 Billion in Total Insured Property Value

  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

Insurance Digital Wallet & Loyalty Platform Marble Scores $2.5 Million Through Latest Seed Financing Round

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

Singapore Insurtech CXA Group to Sell Brokerage Division, will Focus on SaaS Platform and Global Expansion

Singapore-headquartered Insurtech firm CXA Group has reportedly decided to restructure its operations by selling off its brokerage division so that it can focus on the development and global expansion of its enterprise software-as-a-service (SaaS) platform. CXA stated that it will be selling its brokerage business… Read More

U.S. Insurtech Trov Announces New Partnership With Electric Car Rental Specialist UFODrive

      Trov, a U.S.-based insurtech company, recently announced it has formed a new partnership with UK-based electric car rental specialist, UFODrive.  According to Trov, the partnership represents a “major milestone” for the insurtech, as it is marks the first step in a wider… Read More

Israeli Venture Capital Investment Firm FinTLV Closes $120 Million Global Insurtech-Fintech Fund

    Israel-based venture capital investment firm FinTLV recently announced it has closed its second $120 million global insurtech-fintech fund. According to FinTLV, the fund will focus primarily on global growth-stage insurtech and fintech companies “The Fund has recently made several substantial investments in leading… Read More

Canadian Insurtech Foxquilt Announces Partnership With Digital Partners

    Foxquilt, a Canada-based insurtech startup, recently announced it has formed a new partnership with Digital Partners, a Munich Re company. Foxquilt reported that through the collaboration it will operate as a full-service insurance provider and co-creator of new, end-to-end insurance products and programs… Read More

German Insurtech INZMO Raises €3.1 Million Through Seed Investment Round Led By Change Ventures

  INZMO, a Germany-based insurtech startup, announced on Thursday it secured €3.1 million through its latest seed investment round, which was led by Change Ventures with participation from Swiss insurance giant Helvetia. Founded in 2016, INZMO aims to simplify the insurance process with its full-stack… Read More

Thailand-Based Insurtech gettgo Scores $6.7 Million Investment From Muang Thai Group Holding

  gettgo, a Thailand-based insurtech startup, announced on Friday it secured a $6.7 million investment from Muang Thai Group Holding Co. gettgo, which operates under Muang Thai Broker Co., Ltd., a subsidiary of Muang Thai Group Holding Co., is on a mission to build a new… Read More

U.S. Insurtech Sidecar Health Secures $125 Million Through Series C Funding Round Led By Drive Capital

  Sidecar Health, a U.S.-based insurtech, announced earlier this week it secured $125 million through its Series C funding round, which was ledgy Drive Capital with participation from BOND, Tiger Global, and Menlo Ventures. Founded in 2018, Sidecar Health is on a mission to change… Read More

U.S. Financial Service Company Buckle Launches Rideshare-Only Auto Insurance in Tennessee

  Buckle, a U.S.-based financial services group, announced on Thursday it launched its rideshare-only auto insurance is now available in Tennessee. Buckle claims that it launched the first of its kind insurance, providing rideshare and Transportation Network Company (TNC) drivers with personal and commercial coverage… Read More

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