Tagged: insurtech

May 30, 2021 @ 10:53 pm By Samantha Hurst  |  

    Parametrix Insurance, an Israel-based insurtech startup, recently announced it secured $17.5 million through its latest investment round, which included participation from FirstMark Capital and F2 Ventures. Founded in 2019, Parametrix Insurance explained it provides insurance policies covering third-party IT downtime events such as… Read More

May 26, 2021 @ 2:11 pm By Samantha Hurst  |  

  Just a couple of months after announcing it raised $100 million through its Series C investment round, U.S. insurtech Corvus announced it secured an additional $15 million through an extension of the round. As previously reported, Corvus Insurance is an AI-driven insurtech company that… Read More

May 24, 2021 @ 10:12 am By Samantha Hurst  |  

  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

May 20, 2021 @ 7:33 pm By Samantha Hurst  |  

Waffle, a U.S.-based consumer insurance solution, announced on Wednesday it raised $5 million through its seed funding round, which was led by Verve Ventures, with participation from BetterLabs Ventures and Techstars. The investment follows Waffle’s official launch in iOS and web, giving availability across all… Read More

May 19, 2021 @ 10:48 am By Samantha Hurst  |  

Super, a U.S.-based insurtech startup, announced on Wednesday it raised $50 million through its Series C investment round, which was led by Wells Fargo Strategic Capital with participation from Asahi Kasei, AAA – Auto Club Group, Gaingels, REACH, and the NATIONAL ASSOCIATION OF REALTORS’ strategic technology investment fund. Founded in 2015,… Read More

May 18, 2021 @ 1:46 pm By Samantha Hurst  |  

  Commit USA announced on Tuesday it has joined forces with Joyn Insurance to support Joyn’s new insurtech platform. Commit USA reported it was selected to help with both the design and development of the new platform’s user experience. Joyn reported underwrites commercial insurance in the Small and Middle… Read More

May 13, 2021 @ 9:29 am By Samantha Hurst  |  

  MoneyLion, a U.S.-based consumer digital finance platform, announced on Thursday it has teamed up with insurance broker NFP to provide its members with direct access to insurance and financial wellness offerings. MoneyLion reported that the offerings are to help its members support their financial… Read More

May 12, 2021 @ 2:36 pm By Samantha Hurst  |  

  Insurtech company Ethos announced on Tuesday it secured $200 million through its Series D funding round, which was led by General Catalyst, with participation from Sequoia Capital, Accel, GV (formerly Google Ventures),  Jay-Z’s Roc Nation, and Glade Brook Capital Partners. Ethos reported that the investment round… Read More

May 8, 2021 @ 3:27 pm By Omar Faridi  |  

France-based Shift Technology, an SaaS provider of AI-enhanced decision automation and optimization solutions for the insurance sector, recently revealed that it has finalized a $220 million Series D funding round. Shift Technology‘s latest investment round brings total investment in the company to $320 million along… Read More

May 7, 2021 @ 12:34 pm By Omar Faridi  |  

F10 Switzerland has reportedly graduated its second acceleration batch during an online startup event with several well-known attendees from the investor and corporate sector. F10 Switzerland is now accepting applications for its third accelerator – which aims to support sustainable finance and various services for… Read More

May 5, 2021 @ 1:11 pm By Samantha Hurst  |  

  NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Wednesday it has partnered with data analytics and consumer intelligence provider J.D. Power to bring proprietary data solutions, vehicle valuation, and consumer sunlight to support and strengthen its vehicle subscription… Read More

April 30, 2021 @ 9:24 pm By Samantha Hurst  |  

U.S. insurtech startup Kin Insurance announced earlier this week its agency, the Kin Insurance Network Distributor, is launching landlord insurance in Louisiana. As previously reported, Kin describes itself as an insurtech startup and licensed insurance carrier that is on a mission to fix home insurance through… Read More

April 29, 2021 @ 2:01 pm By Samantha Hurst  |  

    Apollo Insurance Solutions Ltd. (TSXV: APLO Reserved), a Canadian online insurance provider, announced on Thursday it has secured coverholder status with Lloyd’s of London. APOLLO reported that the status gives it access to an expanded product portfolio and the ability to manufacture products… Read More

April 28, 2021 @ 2:18 pm By Samantha Hurst  |  

    Branch, a U.S.-based insurtech startup, announced on Wednesday the expansion of its home and auto coverage in Colorado and Oklahoma. Founded in 2017, Branch explained that it “taps” into the power of the community to make insurance accessible and affordable for everyone, utilizing technology to… Read More

April 27, 2021 @ 1:40 pm By Samantha Hurst  |  

  Sigo, a U.S.-based insurtech that specializes in car insurance, announced on Tuesday it raised $1.5 million through its latest Seed funding round, which saw participation from Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS. Founded in 2019, Sigo… Read More

April 27, 2021 @ 8:42 am By Samantha Hurst  |  

  Global accelerator program Plug and Play announced on Tuesday the launch of its new office in Seoul, Korea. Plug and Play reported its Korea division will primarily focus on corporate innovation in the areas of Financial Services (Fintech, Insurtech, and Health) and Smart Cities (Mobility &… Read More

April 23, 2021 @ 10:17 pm By Samantha Hurst  |  

  Cover Whale, a U.S.-based insurtech broker, announced on Thursday it has formed a new partnership with Smart Choice. Cover Whale revealed its truck insurance platform will now be open to Smart Choice agents in select states and will provide new insurance options to America’s… Read More

April 22, 2021 @ 2:13 pm By Samantha Hurst  |  

  U.S. insurtech Brella Insurance announced on Thursday it raised $15 million through its Series A funding round, which was led by Brewer Lane Venture with participation from Fidelity Security Life Insurance, SymphonyAI, Digitalis Ventures, Two Sigma Ventures, New York Life Ventures, and Founder Collective. Founded in 2019,… Read More

April 20, 2021 @ 10:07 pm By Omar Faridi  |  

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

April 19, 2021 @ 2:59 pm By Samantha Hurst  |  

    Versured, a U.S.-based insurtech, announced on Monday the launch of its commercial and life insurance. Founded in 2019, Versured stated it was built on a foundation of trusted brokerage partners with broad insights and experiences. Our core value of trust has remained central to… Read More