Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Insurer Lemonade Seeks to Raise $286 Million in IPO
Jun 25 2020 // Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after...
Upmarket Homeowners Insurance Platform Openly Raises $15 Million
Jun 24 2020 // Boston-based Openly, a platform that sells upmarket homeowners insurance through independent agents, said it has closed a $15 million Series A investment. The round was led by Obvious Ventures, with participation from...
Fidelis Issues $300M of Senior Notes, Bringing 2020 Capital Raise to More Than $1B
Jun 19 2020 // Fidelis Insurance Holdings Ltd. announced it has issued $300 million of senior notes, which comes on the heels of last week’s equity funding of $500 million and the $300 million raised by the re/insurer in...
Fidelis Insurance Raises $500 Million of Equity Capital for Growth in Hardening Market
Jun 10 2020 // Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships. On top of the $300 million raised by the company in February, Fidelis has now secured $800...
Workers’ Compensation Insurtech Pie Raises $127 Million With Plan to Acquire Carriers
May 28 2020 // Workers’ compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined the insurtech’s current investors in the capital raise,...
SelectQuote Raises $350M in IPO; Shares Jump 40% in Market Debut
May 22 2020 // Shares of SelectQuote Inc. jumped more than 40% in their stock market debut on Thursday, giving the insurance policy comparison website a market valuation of over $4 billion. The company’s stellar offering is the...
Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion
May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...
Coalition in California Raises $90M to Grow Internationally
May 20 2020 // San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion. Valor Equity Partners led the funding with...
Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties
May 19 2020 // Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing...
Insurance Comparison Website SelectQuote Hopes IPO Will Raise $342 Million
May 18 2020 // SelectQuote Inc. said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the insurance policy comparison website at more than $3 billion. The company will offer...
Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding
May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million. The funding round was led by artificial intelligence specialist investor Alpha Intelligence...
Hiscox Raises £375M to Respond to U.S. Wholesale, Reinsurance Growth Opportunities
May 6 2020 // Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares. The company announced the equity placing on May 5,...
Oregon School District Paying $410K to Employee Who Raised Concerns
Apr 13 2020 // Portland Public Schools in Oregon will pay $410,000 to a former employee who said she was fired for raising red flags over a lack of safety for seventh-graders working with dangerous equipment including band saws and nail...
Ohio Commercial Insurance Insurtech, Coterie, Raises $8.5M in Financing
Mar 25 2020 // Cincinnati, Ohio-based insurtech Coterie, which specializes in commercial insurance, has closed an oversubscribed Series A financing round totaling $8.5 million from RPM Ventures, Allos Ventures, and others. The company...
Insurtech INSTANDA Raises $19.5M to Support International Expansion
Mar 10 2020 // INSTANDA, the London-based customer and policy management platform for the insurance industry, has completed a $19.5 million Series A fundraising round, the company announced. Led by Assembly Capital Partners, the...
Fidelis Insurance Raises $300M of Equity Capital to Support Growth
Feb 12 2020 // Fidelis Insurance Holdings Ltd. announced it has raised approximately $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority...
Boost Raises $14 Million for Its ‘White Label’ Digital Insurance Platform
Feb 10 2020 // Boost Insurance has pulled in a $14 million funding round designed to expand its infrastructure-as-a-service platform designed for the insurance industry. Coatue and Greycroft led the New York company’s Series A...
Comparison Website The Zebra Raises $38.5 Million
Feb 5 2020 // Digital personal lines comparison site The Zebra has reported $38.5 million in Series C fundraising. The round was led by Accel and included other current investors Silverton Partners, Daher Capital, Floodgate Fund,...
Online Insurance Broker Policygenius Raises $100M From AXA, Others
Feb 3 2020 // Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to grow and to broaden the consumer financial protection products it will unveil in...
Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life
Jan 16 2020 // Digital auto insurance comparison agency Insurify announced it is expanding into home, renters and life insurance comparison. To help drive its expansion, the Cambridge, Mass.-based company said it has raised $23 million...
