Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Appeals Court Blocks Venture Capital Fund’s Grant Program for Black Women
Oct 3 2023 // A federal appeals court on Saturday blocked a venture capital fund from moving forward with a program that awards funding to businesses run by Black women in a case by the anti-affirmative action activist behind the...
Judge Refuses to Block Venture Capital Fund’s Grants for Black Women
Sep 27 2023 // A federal judge in Atlanta on Tuesday rejected a bid by the anti-affirmative activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies to bar a small venture capital fund...
Openly Secures $100 Million in Series D Funding
Sep 21 2023 // Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners. There was additional participation in the round from a mix of current and new investors including Gradient...
Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B
Sep 20 2023 // Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion. The round, one of Israel’s largest this year and Cato’s...
Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Sep 14 2023 // Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round...
Allianz Aims to Raise $1.6 Billion for Global Private Credit Fund
Aug 18 2023 // Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said,...
Demex Raises $5M to Bolster Its Stop-Loss Reinsurance Solutions for Secondary Perils
Aug 16 2023 // The Demex Group, the Washington, D.C.-based managing general agent (MGA) that offers stop-loss protection for secondary perils, announced it has raised $5 million from a syndicate of existing and new investors, led by Blue...
Embattled Louisiana Law Firm Raised $40M from Florida Hedge Fund, Partner Says
Aug 11 2023 // McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a...
Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round
Aug 7 2023 // Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said. With...
Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments
Jul 19 2023 // Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told...
Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank
Jul 18 2023 // Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2. Existing investors...
HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round
Jun 29 2023 // OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia expansion and investments in artificial intelligence. The company attracted fresh cash from global financial...
Michigan’s Hagerty Raises $105M
Jun 27 2023 // Hagerty, Inc., an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that the company is raising $105 million in capital from existing...
Insurtech Thinksurance Raises $24M
Jun 19 2023 // Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding. The capital comes from new...
R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization
Jun 12 2023 // R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital raise of $50 million to $60 million. In addition, it has completed...
Insify Raises €10 million Series A Extension Led By Munich Re
Jun 9 2023 // Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million. Munich Re Ventures led the extension round and was joined by existing investors including global...
IICF’s Blazing the Trail Benefit Raises $540,000 for Midwest Nonprofits
May 26 2023 // Acrisure and Greg Williams honored for philanthropic and insurance industry leadership CHICAGO, IL (May 23, 2023) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit...
AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups
May 24 2023 // AXA Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech startups, targeting companies that expect to go public within three to four years. French...
Travel Insurtech Faye Raises $10M in Series A Funding
May 23 2023 // Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M. The round was led by Munich Re Ventures...
Obie Raises $25M Series B to Expand Embedded Insurance Technology
May 23 2023 // Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor...
