Reinsurance News
funding
Reask raises $6.55m total in investment funding
15th June 2023
Climate analytics and technology driven risk modelling firm Reask, has raised a total of $6.55m in investment funding, with its most recent seed round reaching $4.6m. With its latest funding, Reask will add more hazard coverage and grow its team internationally to better service customers, the company stated. The latest seed round ... Read the full article
BrokerTech Ventures launches $34 million BrokerTech Fund
4th May 2023
BrokerTech Ventures (BTV) has partnered with ManchesterStory Group to launch the BrokerTech Fund, LP, a venture capital fund focused on early-stage insurtech companies developing broker-centric technology solutions. ManchesterStory, the Fund's General Partner, is an early-stage venture capital firm that manages more than $225 million in committed capital across multiple funds focused ... Read the full article
Global InsurTech funding rises by 37.6% in Q1 2023: Gallagher Re
4th May 2023
InsurTech funding has bounced back strongly in the first quarter of 2023, with global investments reaching $1.39 billion, according to the latest Global InsurTech Report from Gallagher Re. This marks a 37.6% increase from the previous quarter's lowest total since Q1 2020. While the deal count remained steady, the average deal ... Read the full article
Insurtech Ledgebrook raises $4.6m in funding
26th April 2023
Ledgebrook, an insurtech managing general agent (MGA) for wholesale brokers, has announced it has raised a $4.6m round of funding. The Boston-based company intends to use these funds to scale its flagship non-admitted GL & Supported Excess product & support the development of future offerings. It is also looking to build ... Read the full article
Munich Re Ventures invests in digital marketplace Capitola
17th April 2023
Capitola, a digital marketplace for commercial insurance, has raised $15.6 million in its Series A funding round led by Munich Re Ventures, along with Lightspeed Venture Partners. Capitola states that the funding will be used to grow its platform and accelerate sales in the U.S. This round adds to a $5M Series ... Read the full article
Kin increases Series D round to $109mn
23rd March 2023
Kin, a direct-to-consumer home insurance company has announced that it has conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The company confirmed that the investment came from Geodesic Capital, QED Investors, and additional investors, bringing the total Series D funds ... Read the full article
Fenix24 gets funding from insurtech investor Eos Venture Partners
21st March 2023
Cyber disaster recovery firm Fenix24 has announced a $5 million investment by Eos Venture Partners, a prominent insurtech investor. Fenix24, a sister company of Conversant Group, provides a professional cybersecurity force focused exclusively on restoring companies after cyber breach events. The firm states that Eos' investment will support it in serving additional ... Read the full article
Xceedance makes investment in India-based Vitraya Technologies
3rd March 2023
Re/insurance service provider Xceedance, together with a consortium of investors, has invested a total of $4.1 million in Vitraya Technologies, an India-based technology platform that enables automated claims decision-making for insurers and real-time payouts to providers. Arun Balakrishnan, CEO at Xceedance, commented, “The work Vitraya Technologies is doing to enable claims ... Read the full article
Aquiline leads $7mn seed round for carbon credit insurance start-up, Oka
28th February 2023
Aquiline Technology Growth has led a $7 million seed round towards newly launched start-up, Oka, The Carbon Insurance Company. The funding round also included Firstminute, a founder-led fund focused on climate tech. The funding is aimed at scaling the new platform’s insurance offerings for the carbon credit market. The funding comes as demand ... Read the full article
Zurich leads series B funding round for cyber insurtech BOXX Insurance
1st February 2023
Toronto-based insurtech BOXX Insurance has announced a $14.4 million Series B funding round, bringing the total amount raised in the last 16 months to $24.5 million. Zurich Insurance led the latest funding round, with Jack Howell, CEO of Zurich Global Ventures, commenting, "We've seen how difficult it is to build cyber ... Read the full article
reThought Insurance completes $10.5m funding round
30th January 2023
Technology-centric flood MGA, reThought Insurance has raised $10.5 million in a Series B funding round, which closely follows a successful $15.5 million round last summer. According to the announcement, the capital expansion will be used to extend the distribution of its advanced commercial and High Net Worth flood insurance products, and ... Read the full article
Insurtech Betterview raises new funding round
30th January 2023
Betterview, an insurtech company that allows insurers to identify and manage real property risk, has announced it has completed a new round of funding of undisclosed amount. Backers included existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory. The company intends to use the funds to continue its growth, support the ... Read the full article
Insurtech Joyn Insurance gets $17.7m in Series A funding round
18th January 2023
Insurtech company Joyn Insurance has announced it exceeded its target with a $17.7 million Series A funding round led by OMERS Ventures, with participation from SiriusPoint, ManchesterStory, Cohen Circle, Avanta Ventures and several other private investors. Joyn launched in July of 2021, announcing a key partnership and investment agreement with the ... Read the full article
Superscript gets £45m in Series B funding round
11th January 2023
London-based insurtech Superscript has announced the completion of its £45 million ($54m) Series B funding round led by existing investor BHL UK with participation from a new investor, The Hartford. According to Superscript, the funding will be used to further develop the firm's underwriting and broking capabilities, as well as to ... Read the full article
B2B fintech Bondaval raises $15 Million in Series A funding round
16th December 2022
London-based B2B fintech Bondaval has raised $15 million in a Series A Round, led by Talis Capital. Investors in the round include existing shareholders Octopus Ventures, Insurtech Gateway, TrueSight, and Expa, as well as new investors, Talis Capital, FJ Labs, and Broadhaven Ventures. Bondaval explains that it will utilise the financing to ... Read the full article
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