Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
IICF Northeast Benefit Event Raises Nearly $1.3M to Support Non-Profits
Dec 13 2021 // The Insurance Industry Charitable Foundation (IICF) raised nearly $1.3 million at its 15th Anniversary Northeast Division Benefit Event on December 7 at the Ziegfeld Ballroom in New York City. IICF is a nonprofit...
Universal Raises $100M for Future Growth
Nov 29 2021 // Universal Holdings, parent company of Universal Property and Casualty Insurance Co., Florida’s largest private P&C carrier, announced it had placed $100 million in notes to aid in future growth plans. The...
Insurtech Startup Kettle Raises $25M to Expand Wildfire Reinsurance Protection
Nov 24 2021 // Kettle, the San Francisco-based reinsurance startup that uses artificial intelligence to better protect people from the growing wildfire risks of climate change, announced it has been reinsuring homes during the 2021...
P/C Insurer Definity Raises $1.1B in Largest Canadian IPO of 2021
Nov 18 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., raised about C$1.4 billion ($1.1 billion) in the largest Canadian initial public offering of the year. A total...
Austin-Based Landlord Insurer Steadily Raises $31 Million
Nov 17 2021 // Austin-based landlord insurance company Steadily has completed its latest investment round, bringing its total funding to $31 million. Steadily serves 17 million individual rental property owners who collectively own...
SoftBank-Backed Fintech Raises $761M in India IPO. Now Comes the Hard Part.
Nov 16 2021 // Yashish Dahiya’s PB Fintech Ltd. climbed 23% on its first day of trading after raising $761 million in an IPO. Now comes the hard part. “Now, we have to deliver,” the founder and chief executive officer...
EasySend Raises $55.5 Million To Help Enterprises Build and Maintain Digital Customer Journeys With its No-Code Platform
Nov 16 2021 // Capital will be used to accelerate growth in the US and other geographic regions, as well as support expansion into new verticals and product use cases Tel Aviv, Israel – November 16, 2021 10:00 am EST–...
Canadian P/C Insurer Definity Seeks to Raise $1 Billion in IPO
Nov 9 2021 // Definity Financial Corp., the property and casualty insurer formerly known as Economical Mutual Insurance Co., is seeking to raise C$1.25 billion ($1 billion) in an initial public offering, following in the footsteps of...
Insurtech Startup With Claims Monitoring Platform Raises $30M
Nov 4 2021 // Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company’s machine...
Ohio Insurtech Coterie Insurance Raises $50M
Oct 29 2021 // Cincinnati, Ohio-based insurtech company Coterie Insurance, which specializes in commercial insurance, has completed a $50 million series Series B financing round, totaling $75 million raised since its founding in...
UK Commercial Fleet Insurance MGA Humn Raises $13.7 Million
Oct 14 2021 // Humn, a UK-based insurtech MGA focused on data-driven commercial fleet insurance, has raised $13.7 million in new financing. The money will fuel, in part, further development of its technology and a European expansion. BXR...
Munich Re’s Venture Arm Raises $500M for Fund Focused on Insurtech, Cybersecurity
Oct 13 2021 // Munich Re Ventures, the venture capital arm of Munich Re Group, has closed its new $500 million investment fund, with plans to focus, in part, on insurtech and cybersecurity. The new financing arm, dubbed Munich Re Fund...
German Insurtech Getsafe Raises Another $63M for Full Insurance License
Oct 8 2021 // Getsafe, a digital MGA based in Germany, raised another $63 million in funds, with plans to use the added cash to fund its own insurance license by the end of 2021 and accelerate its European expansion. A number of new...
New Delhi-Based Insurtech Startup SafeTree Raises $1 Million in Seed Funding Round
Oct 4 2021 // New Delhi-based insurtech start up SafeTree has raised $1 million in its seed funding round from angel investors Shams Ahmed Parvaz and Faiz Shams. The startup aims to use the capital infusion to expand its team,...
Cyber Insurance and Security MGA Coalition Raises $205M
Sep 28 2021 // Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy even further. Coalition...
Omaha National Raises $45M, Will Transition to Being Direct Workers’ Compensation Writer
Sep 28 2021 // Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by Accomplice. The company said it plans to use the funds to support its...
Australia Insurtech Startup Cover Genius Raises Funds, Boosting Valuation to A$1 Billion
Sep 28 2021 // Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million [$72.8 million] from investors including G Squared and Japanese insurer Sompo Holdings...
Debt-Laden China Evergrande Could Raise $600M by Selling Life Insurance Stake
Sep 27 2021 // Debt-laden China Evergrande Group may have another asset to sell in its scramble to raise cash: its fast-growing life insurance business. That’s according to Bloomberg Intelligence analyst Steven Lam, who says the...
Russia’s Renaissance Insurance Plans to Raise Up to $290M in IPO on Moscow Exchange
Sep 27 2021 // Renaissance Insurance Group said on Monday it plans to list its shares on the Moscow Exchange and raise up to $290 million in an initial public offering (IPO), riding Russia’s emerging IPO wave. Russian IPO activity,...
Just Insure Raises $8M to Grow Pay-Per-Mile Auto Insurance Platform
Sep 23 2021 // Just Insure, a pay-per-mile insurance technology company that uses telematics to reward safe drivers and reduce insurer bias, announced it has raised $8 million, bringing its total funding amount to $15 million. The new...
