Latest Startups Headlines
All the headlines from our Startups Topic Page, ordered by recency.
Twins Who Built $1.3B Marshmallow Car Insurance Startup as Industry Challenger
Oct 18 2021 // For three centuries, a handful of insurers have dominated the market from the City of London. The upstart intent on challenging them rents two floors just outside the district in an area known as Silicon Roundabout, where...
Securitization Startup Platform Ledger Launches a Casualty ILS Fund
Oct 5 2021 // Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd., an insurance linked security (ILS) fund focused primarily on investing in...
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,...
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...
Mexican Insurtech Startup Offers Quick Claims Payments for Earthquake Damage
Sep 27 2021 // Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder...
Ford, Walmart and Self-Driving Startup Argo AI to Launch Autonomous Vehicle Delivery
Sep 20 2021 // Self-driving startup Argo AI, automaker Ford Motor Co. and Walmart Inc. will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday [Sept. 15]. Initial...
Startup Raises $60M to Flag Infrastructure Damage, Injuries Before They Happen
Aug 25 2021 // Startup Urbint, which promises its software can identify utility and telecommunications industry failures, damages, and worker injuries before they happen, has raised $60 million. Urbint CEO and founder Corey Capasso said...
It Turns Out That Humans Are Secret Weapon for Autonomous Vehicle Startups
Aug 23 2021 // Self-driving startups like Cruise and Pony.ai have begun testing their driverless cars in some parts of California in the past year, with an additional feature: Human operators. While there is no driver behind the wheel,...
Indian Insurance Startup Policybazaar Files for $810M IPO
Aug 2 2021 // BENGALURU – SoftBank Group-backed online insurance aggregator Policybazaar has filed for an initial public offering of up to 60.18 billion rupees ($809.36 million), joining a string of Indian startups that have tapped...
Update: India’s Digital Payments Startup Paytm Seeks to Raise $2.23 Billion in IPO
Jul 16 2021 // BENGALURU – Indian digital payments leader Paytm, which counts Ant Group and Softbank among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market...
Indian Fintech Startup Aims to Win Insurance Clients with Fresh $200M Funding Round
Jul 2 2021 // Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising $200 million from Sequoia...
Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B
Jul 1 2021 // Insurance tech startup bolttech on Thursday said it raised $180 million in a funding round, led by private investment firm Activant Capital Group, that valued it at more than $1 billion. The New York and Singapore-based...
Nationwide Invests in Certificate of Insurance Startup Certificial
Jun 10 2021 // Insurer Nationwide has invested in an early-stage funding round for Certificial, an insurtech with a platform that issues real-time certificates of insurance and simplifies compliance management. Certificial’s $5.8...
‘Cat-Prone’ Startup Kin Insurance in Talks to Go Public With ‘Shark Tank’ Judge’s SPAC
May 20 2021 // Home-coverage startup Kin Insurance is in talks to go public via Omnichannel Acquisition Corp., a special purpose acquisition company led by recurring “Shark Tank” guest judge Matt Higgins, according to people...
Amazon-Backed India Insurer Startup Eyes Funding Round that Could Create $1B Value
May 12 2021 // Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed startup is looking to...
Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change
Apr 20 2021 // KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable...
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...
Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action.
Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...
Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions
Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro. London-based Hiro has developed a home insurance product that...
A New Kind of Startup
Mar 22 2021 // It is estimated that entrepreneurs created between 6,000 and 8,000 new independent insurance agencies over the last decade. Each of these entrepreneurs sought to create their own unique vision of the future. But their...
