Latest Funding Headlines
All the headlines from our Funding Topic Page, ordered by recency.
Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford
May 25 2021 // Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies. The new offering, MarketTrends, helps agencies identify coverage...
Crypto Insurer Evertas Raises $5.8M in Seed Funding
May 25 2021 // Evertas, a cryptoasset insurance company, said it has raised nearly $5.8 million in seed funding, which it will use to accelerate product development, increase its insurance cap[a city and build out its infrastructure. The...
Waffle Raises $5M for Its ‘All-in-One’ Virtual Insurance Agency
May 21 2021 // The insurtech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the initial launch of its new virtual agency platform. Auto and home insurance are to be...
Insurance Comparison Site Jerry Raises $28 Million
May 20 2021 // Auto insurance comparison site Jerry has raised $28 million in new financing. The startup, which operates as a licensed insurance broker, plans to use the money to scale its signature product and pursue hiring, so it can...
China Insurtech Waterdrop Raises $360M in New York IPO: Reuters
May 7 2021 // Chinese online insurance technology firm Waterdrop Inc. has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct knowledge of the...
Agency Start-up Sigo Serving Latinx, Immigrant Drivers Raises $1.5M
Apr 27 2021 // A start-up managing general agency focused on auto insurance for underserved populations including immigrants and Latin Americans has raised seed funding to help it launch an initial product. Sigo pulled in $1.5 million in...
Insurers Warn Washington Court Ruling Will Raise Rates for a Million Consumers
Apr 26 2021 // Insurer groups expressed disappointment over a judge’s ruling denying an industry request to halt an emergency rule that temporarily bans the use of insurance credit scoring in Washington. The Independent Insurance...
Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters
Apr 13 2021 // Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will...
The Zebra Raises $150 Million to Expand Online Insurance Comparison Operations
Apr 13 2021 // Insurance comparison site The Zebra raised $150 million in new financing that will support expanded hiring and brand building. “This investment is going to be used to grow our team and build our brand. We are...
Insurance Broker Acrisure Raises $3.45 Billion
Apr 5 2021 // Fast-growing global insurance brokerage Acrisure announced it has closed on two transactions representing a significant capital raise of $3.45 billion. BDT Capital Partners, a merchant bank, led a $3 billion investment...
Insurance Broker Acrisure Raises $3.45 Billion
Mar 24 2021 // Fast-growing global insurance brokerage Acrisure announced it has closed on two transactions representing a significant capital raise of $3.45 billion. BDT Capital Partners, a merchant bank, led a $3 billion investment...
Cyber Insurance Firm Coalition Raises $175M; Plans Commercial Lines Expansion
Mar 17 2021 // Coalition, a cyber insurance managing general agency and security company, said it has raised $175 million to accelerate its growth and global expansion. The firm said it will use the funds to expand internationally as...
Union Raises More Than $61K for Injured Shipyard Worker in Maine
Mar 12 2021 // The Machinists Union is providing more than $61,000 to help a shipbuilder recover from a gruesome injury at Bath Iron Works. Garrett Bailey was injured on Jan. 23, and the contributions came from a collection from...
Insurance Sales Prospecting Insurtech, Agency MVP, Raises $3.5M, Adds Execs
Mar 10 2021 // AgencyMVP, an online platform that identifies prospects for property/casualty insurance agencies, has received $3.5 million in seed funding from Silverton Partners. The firm has also added to its leadership team. With this...
AccuWeather Raises Texas Damage, Loss Estimate from Winter Storm to $130B
Mar 5 2021 // Damage costs and economic losses from the intense winter storm that hit the country in mid-February may rise to as much as $130 billion in Texas alone, according to AccuWeather. That figure is up from the $50 billion to...
Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO
Mar 3 2021 // Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion. The IPO gives...
Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC
Mar 1 2021 // Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal. Thiam’s Freedom Acquisition I Corp. sold 30 million units at...
Canadian Insurtech Farmers Edge Raises $100 Million in IPO
Feb 26 2021 // Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the transaction. Farmers Edge...
Australia Regulator Raises Antitrust Concerns over $30B Aon-Willis Towers Watson Deal
Feb 18 2021 // Australia’s competition regulator on Thursday raised initial concerns over Aon’s $30 billion bid for Willis Towers Watson to create the world’s largest insurance broker, close on the heels of a similar...
Insurance Verification Startup TrustLayer Raises $6.6M from BrokerTech, Ventures
Feb 3 2021 // TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance brokers and others. “Verification of insurance and business...
