Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round
May 17 2023 // Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers. JPMorgan Chase & Co. and Barclays Plc provided half the...
Novidea Raises $50 Million in Series C Funding
May 8 2023 // Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP),...
INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million
Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S. The company also reported that it completed a capital raise of $26 million,...
Texas Luxury Auto Dealership Fined $15K for Firing Employee Who Raised COVID Concerns
Mar 29 2023 // When an employee of a luxury auto dealership in Austin learned a co-worker had tested positive for COVID-19 in December 2020, they alerted the company’s management and requested they notify other employees...
Insurtech Kin Increases Series D Funding Round to $109 Million
Mar 23 2023 // Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED...
Washington Greenhouse Gas Allowance Auction Raises $300M
Mar 10 2023 // Washington state’s first auction of greenhouse-gas pollution allowances has generated an estimated $300 million as companies, consumers and the Legislature get a glimpse of the cost of emitting greenhouse gases that...
IICF Southeast Division Raises over $1 Million for Charity at Annual Southeast Gala
Mar 9 2023 // CNA’s John Schramm & Texas Mutual’s Jeanette Ward honored with 2023 Southeast Philanthropic Leadership Award Dallas, TX., March 3, 2023 – The Insurance Industry Charitable Foundation (IICF), a unique...
Ariel Re Raises $270M of Capital to Support Growth Opportunities
Mar 6 2023 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth...
Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO
Mar 2 2023 // F88 Investment JSC, a financial services firm, has raised at least $47 million from Vietnam-Oman Investment Fund, or VOI, and Mekong Capital Fund IV, to fuel expansions of its distribution network and digital business...
Hong Kong’s FWD Group Raises $1.8 Billion in Private Placements Over Past 2 Years
Feb 28 2023 // FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer to its planned initial...
Goose Insurance Closes $4M Series A Funding Round
Feb 17 2023 // Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story. The Vancouver-based...
Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business
Feb 14 2023 // Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market. TVS...
India’s Digit Insurance to Refile Papers for $440M IPO After Regulator Raises Concerns
Jan 31 2023 // Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in...
Chinese Regulators Approve Capital Raise of $1.5B for Ant Group
Jan 6 2023 // HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off...
UK Insurtech, Send Technology, Raises £9 Million to Expand in UK and U.S.
Nov 16 2022 // Send Technology Solutions Ltd., the London-based insurtech, announced it has closed a Series A funding investment of £9 million ($10.7 million). The round was led by Venture Capital firm Breega with participation from...
Allianz Global Investors Aims to Raise $1B for Fund Focusing on Climate Resilience
Nov 3 2022 // Allianz Global Investors on Wednesday said it is looking to raise $1 billion for its third blended finance debt fund, a mix of concessional and institutional capital seen as a crucial route to scaling up private investment...
Cybersecurity Firm OutThink Raises $10M to Tackle Human Errors Behind Data Breaches
Oct 20 2022 // London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on Tuesday, as it looks to help organizations identify human behavior that can...
IICF’s Blazing the Trail Benefit Raises $510,000 for Regional Nonprofits
Sep 30 2022 // Chicago Apprentice Network founders honored at celebration of insurance industry philanthropy CHICAGO, IL (September 30, 2022) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique...
Pie Insurance Raises $315M in Largest U.S. Insurtech Financing Round of 2022
Sep 21 2022 // Pie Insurance, an insurtech specializing in workers compensation insurance for small businesses, said it raised a $315 million Series D round of funding – the largest round of financing for any U.S. based P&C...
ProNavigator Raises $10M Growth Investment, Opens Second HQ
Sep 15 2022 // ProNavigator, provider of the only purpose-built SaaS knowledge management platform made for insurance, has closed $10 million of growth financing to accelerate U.S. and Canadian sales and product development and grow the...
