Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe
Oct 11 2018 // Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving...
UK Insurers, Businesses Urge Government Not to Raise Insurance Premium Tax – Again
Oct 10 2018 // UK insurers and businesses are urging the UK Treasury not to further penalize insurance customers by raising the insurance premium tax (IPT), which currently costs each household an average of £200 ($262) annually. The UK...
UK Venture Capital Fund Eos Makes First Two Insurtech Investments
Oct 3 2018 // Eos Venture Partners’ strategic insurtech fund has made its first two investments. The UK-based specialist venture capital fund, working through its debut EVP 1 fund, committed early financing to Concirrus, a marine...
Slice Labs Raises $20M for Its On-Demand Platform for Insurers
Sep 26 2018 // Cloud services provider Slice Labs has raised an additional $20 million that it will use to expand its cloud services for on-demand insurance products globally. The Series A funding round was led by The Co-operators with...
Venture Capital Firm, Beat Capital, to Merge with Insurer Investment Vehicle Paraline UK
Aug 23 2018 // Venture capital firm Beat Capital Partners and insurance investment vehicle Paraline UK announced they plan to merge – in a move that is designed “to enhance and further build Beat’s platform to support...
Startup Root Raises $100 Million, Prepares to Go National
Aug 23 2018 // Root Insurance raised a $100 million financing round in a bid to fuel market expansion and hiring as the auto insurance startup with its telematics-based platform goes national. Tiger Global Management led the Series D...
Augmented Reality Property Claims Venture Raises $3.9 Million
Aug 21 2018 // PLNAR, an augmented reality service that creates, fully measured, real-time 3D models of any room, has raised $3.9 million in a Series A investment round led by insurtech and healthcare venture capital fund ManchesterStory...
Workers’ Comp Insurtech Pie Insurance Raises $11 Million
Aug 10 2018 // Pie Insurance, an online seller of workers’ compensation policies to small-and-medium-sized businesses, reported it has completed an $11 million Series A funding round. The company, a full stack managing general...
Insurtech Next Insurance Raises $83 Million to Expand; Nationwide, Munich Re Among Investors
Jul 11 2018 // Next Insurance has raised $83 million in new financing, money it said will fuel its continued U.S. expansion as a full-service digital insurance carrier focused on the small business market. Nationwide Insurance and Munich...
Planck Re, a Commercial Insurance Data Platform Startup, Raises $12M
Jul 6 2018 // Planck Re, a commercial insurance data platform startup, nailed down $12 million for its first formal financing. Arbor Ventures led the round, which also included Viola FinTech and Eight Roads. Plans call for the company...
Reuters: China’s Ant Financial Raises $10 Billion at $150 Billion Valuation
May 29 2018 // Ant Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors,...
AXA Raises $2.75 Billion in Year’s Biggest IPO
May 9 2018 // U.S. initial public offerings have the seismic changes in the insurance industry to thank for 2018’s biggest share sale. Axa Equitable Holdings Inc. sold 137.25 million shares at $20 each on Wednesday to raise $2.75...
VC Firm Eos Venture Partners Plans to Raise $100M for Insurtech Investment Fund
Apr 12 2018 // Eos Venture Partners, the insurance technology-focused venture capital firm, announced plans to raise a $100 million debut fund, EVP I. The fund will be one of the first global, independent insurtech investment funds...
IICF Midwest Raises $400K-Plus for Regional Nonprofits
Apr 2 2018 // The Insurance Industry Charitable Foundation (IICF) says more than $400,000 was raised for the IICF Midwest Community Grants Program at its 7th annual Midwest Division Blazing the Trail Benefit, on March 8 in Chicago. More...
Startup Auto Insurer Root Raises $51 Million for Further Expansion
Mar 27 2018 // Columbus, Ohio-based auto insurer Root Insurance, which incorporates individual driver behavior data from mobile phone apps in every quote, announced the closing of a $51-million Series C funding round. Investors were led...
Cloud-Based Insurtech Startup Insly Raises €2.2M ($2.7M) in Funding
Mar 23 2018 // Insly, a cloud-based insurance platform, announced an investment of €2.2 million (US$2.7 million), led by Concentric and Black Pearls VC. Founded in 2015, Insly offers insurance policy management for insurance brokers...
IICF Midwest Division Raises Over $400K for Regional Nonprofits
Mar 16 2018 // The Insurance Industry Charitable Foundation (IICF) says more than $400,000 was raised for the IICF Midwest Community Grants Program at its 7th annual Midwest Division Blazing the Trail Benefit, on March 8 in Chicago. More...
Personal Insurance Site Gabi Raises $9.5 Million; Now Selling in 6 States
Feb 21 2018 // San Francisco-based personal insurance shopping site Gabi has raised $9.5 million in Series A funding, led by Canvas Ventures. Also joining the round are Correlation Ventures, Northwestern Mutual Future Ventures, Securian...
IICF Raises Over $900K for Nonprofits in Texas and the Region
Feb 9 2018 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization working with the insurance industry to help communities and enrich lives, announced that 650 insurance professionals and industry supporters...
Digital Commercial Insurance Broker Platform Indio Raises $6 Million
Feb 6 2018 // Indio Technologies, a digitized commercial insurance platform for agents and brokers, said it has raised $6 million in Series A financing, led by 8VC, to expand the capabilities of Indio’s digital platform and...
