Reinsurance News
funding
Sprout.ai raises £5.4m to transform claims processing
31st October 2023
Sprout.ai, a claims automation insurtech, has raised £5.4 million in a round led by venture capital investors Amadeus Capital Partners and Praetura Ventures. At the same time, UK investor Capricorn Capital Partners, US investor Forefront Venture Partners, Canadian investor Verstra Ventures and UK investor Portfolio Ventures Angel Fund also join Sprout.ai’s ... Read the full article
QuoteWell emerges from stealth with $15M Series A funding led by NEA
30th October 2023
Insurtech startup QuoteWell unveiled its "innovative" approach to the insurance industry as it emerges from stealth mode. The company, founded in 2021, has raised over $15 million in a Series A funding round led by New Enterprise Associates, Inc. (NEA), with participation from Goldcrest and Floating Point. Joey Bouchard, CEO and Founder ... Read the full article
AgentSync raises $50mn in latest funding round
30th October 2023
AgentSync, a company building modern insurance infrastructure that connects carriers, agencies, MGAs, and producers, has raised an additional $50 million in funding to drive operational efficiencies for insurers and distributors. The latest round, co-led by existing investors Craft Ventures and Valor Ventures, brings AgentSync’s total funding to date to $161 million. Since ... Read the full article
Canopy Connect raises $6.5m in Series A funding
27th October 2023
Canopy Connect, a platform for collecting, verifying, and monitoring insurance information, has closed a $6.5 million Series A funding round. The company will use the new capital to accelerate growth, increase product velocity, and build upon their success with the platform powering more than 3,500 companies across a broad range of ... Read the full article
Vellum exits stealth with $7m seed round for its AI-enabled insurance analytics platform
17th October 2023
Analytics and data management platform for the re/insurance industry, Vellum Insurance, has exited stealth with a $7 million seed round led by Acrew Capital, with participation from Flourish Ventures, Fin Capital, Vera Equity, Endurance and 1 Sharpe Ventures. Founded in 2022, Vellum’s analytics and data platform possesses the ability to connect ... Read the full article
InsuranceDekho raises $60m in second funding round of the year
12th October 2023
India-based InsuranceDekho has raised $60 million Series B funding, a mix of equity and debt, as the startup looks to supercharge its growth. The round was led by Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, Japan’s Mitsubishi UFJ Financial Group and Beams Fintech Fund. Its existing investors ... Read the full article
Insurtech Allium Data secures $750k funding from Markd
5th October 2023
Insurtech startup Allium Data, Inc., has secured a pre-seed funding round of $750,000 from Markd, an insurance/insurtech-focused venture capital firm. The firm intends to use the funds to accelerate its growth and go-to-market strategy for all platform products. Established in 2022, the company has several products currently in market. The ... Read the full article
Previsico aims for European growth and US expansion with latest funding
2nd October 2023
Flood forecaster Previsico has raised further funding, significantly higher than the prior one in 2021, which is aimed to accelerate growth in Europe and enable US expansion. Flooding continues to be the most common and costly natural hazard in North America, with flood-related hazards causing more than $85 billion in damage ... Read the full article
Authentic raises $5.5m in seed round to launch captive insurance platform
22nd September 2023
Authentic, a turnkey insurance platform that allows vertical Software-as-a-Service (SaaS) businesses to adopt the benefits of captive insurance, has raised $5.5 million in seed funding led by Slow Ventures, with participation from Altai Ventures, MGV, Upper90, Clocktower, Commerce Ventures, Mischief Ventures and Core Innovation Capital. Captive insurance provides a variety ... Read the full article
LeapFrog investment extends bolttech’s Series B to $246m
21st September 2023
International insurtech bolttech has welcomed LeapFrog Investments as a new strategic investor in an extension of its Series B round, which now totals $246 million, "the largest ever Series B round for an insurtech." bolttech suggested that it will use the proceeds from LeapFrog's $50 million commitment to support its ... Read the full article
Delos Insurance Solutions secures $7.3 million in seed extension round
14th September 2023
In a significant move to address the pressing issue of homeowners' insurance availability in wildfire-prone areas, Delos Insurance Solutions has announced a successful $7.3 million seed extension funding round. The financing, led by IA Capital Group and joined by notable investors such as Blue Bear Capital, Gallatin Point Capital, Avanta Ventures, ... Read the full article
Kin secures $33m in Series D extension funding
14th September 2023
Kin, the direct-to-consumer home insurance company, has announced the closing of a $33 million Series D extension. QED Investors led this funding along with returning investors like Geodesic Capital, Allegis Capital, Hudson Structured Capital Management Ltd. (doing its reinsurance business as HSCM Bermuda), and Alpha Edison. Kin has now raised approximately $265 ... Read the full article
inari raises $5.2m in seed funding round
11th September 2023
Core technology infrastructure provider for the global re/insurance industry, inari, has raised $5.2 million in funding as part of its seed round led by Caixa Capital Risc, through Criteria Venture Tech, alongside CDTI. Founded in 2017, Barcelona-based inari will use the funds raised from this round of financing to establish itself ... Read the full article
AI-insurtech DGTAL secures funding of €3 million
8th September 2023
DGTAL, a Software-as-a-Service (SaaS) platform providing artificial intelligence (AI) powered audit and tools for insurance portfolios, has secured strategic funding of €3m to facilitate the scaling of its pathbreaking technology. 1750 Ventures, the venture capital arm of German VGH Versicherungen, has entered the deal as anchor investor along with Gossmann & ... Read the full article
Renewable energy specialist Renew Risk raises £1.7m in funding
7th September 2023
Renew Risk, a London-based clean-energy risk analytics Software-as-a-Service (SaaS) startup, has raised £1.7 million in seed funding to improve the financing, planning and insurance for renewable energy assets. The funding round was led by strategic investor Insurtech Gateway with participation from ClimateTech fund One Planet Capital, the University of Surrey, and ... Read the full article
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