Insurtech

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

SyndicateRoom Founder Receives Regulatory Approval for Insurtech Startup Rnwl, Ponders Which Crowdfunding Platform to Raise Capital

Rnwl, an Insurtech created by serial entrepreneur Gonçalo de Vasconcelos who founded top UK crowdfunding platform SyndicateRoom, is having a dilemma. Committed to raising capital via the industry where he got his start, de Vasconcelos is it torn between using Seedrs or Crowdcube to raise… 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

Barclays Partners Fintech Accelerator Graduate Nimbla to Offer SMEs Insurance Against Individual Invoices

Barclays Bank has teamed up with Fintech accelerator graduate and Insurtech platform Nimbla, which provides small and medium-sized enterprises (SME) the option to take out insurance against individual invoices, instead of the whole book. By using Nimbla’s platform, clients will be able to insure individual… 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

Venture Capital Firm Brewer Lane Ventures Launches; Hires Insurtech Vet Martha Notaras As Managing Partner

Brewer Lane Ventures, a U.S.-based venture capital firm focused on investing in the insurtech and fintech industries, it has officially launched and it has brought on Martha Notaras as Managing Partner. Notaras previously led XL Innovate, a leading property and casualty insurtech VC fund that invested in Cape… 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

eBaoTech, a Multinational Online Insurance Solution Provider, and Willis Towers Watson to Offer One-Stop Insurance Middle Office Platform

eBaoTech, an established multinational online insurance solution provider based in Shanghai, and Willis Towers Watson (NASDAQ: WLTW) have revealed that they will be working cooperatively to offer a robust, one-stop insurance middle office platform, in order to promote digitalization across the insurance industry. The collaboration… 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

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

Insurtech: Bold Penguin, a Commercial Insurance Technology Firm, to Acquire xagent, an Excess and Surplus Brokerage Tech Platform

Bold Penguin, a commercial insurance technology (Insurtech) firm, is reportedly set to acquire xagent, an excess and surplus brokerage tech solution provider, so that it’s able to scale its services being offered to insurance carriers, brokers and agents. xagent says it will be integrating with… Read More

Tel Aviv-headquartered Axell, a Fintech and Insurtech Innovation Hub, has Officially Launched

Tel Aviv-headquartered Axell, a Fintech and insurance technology (Insurtech) innovation hub, revealed that it officially launched on January 6, 2020. The Israeli tech innovation hub will reportedly be led by Moshe Tamir, former deputy CEO at Tel Aviv-listed insurance firm Migdal Insurance and Financial Holdings,… Read More

Sapiens Announces Acquisition of German Insurtech sum.cumo

 Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a global provider of software solutions for the insurance industry, announced on Tuesday it has acquired Germany-based insurtech sum.cumo for €28.4 million. Founded in 2010, sum.cumo claims it stands for the “successful, integrated digitalization” of traditional business… Read More

Insurtech: Solidarity Bahrain, a Leading Insurance Technology Platform, Launches New Core Insurance System

Solidarity Bahrain, one of Bahrain’s largest insurance service providers and a subsidiary of Solidarity Group Holding, has reportedly launched its newly developed core insurance system, TCS BaNCS. The TCS BaNCS insurance platform is part of the foundation of Solidarity’s digital transformation plan and has been… Read More

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