Pillar Technologies, which uses sensors to capture and distribute risk data on construction sites in real time, has secured $2.75 million in seed funding from XL Innovate, Hyperplane VC and Techstars Ventures. Pillar said the funding will enable it to …
Insurtech startup, Sherpa, announced it has raised $2.3 million in funding from angel investors, in a venture designed to “change the way personal insurance is delivered.” “We have completely re-thought the way insurance has worked for 100’s of years,” says …
Roost, a developer of home telematics for property insurance carriers, raised $10.4 million from three international insurance industry companies. Aviva Ventures led the Series B financing; Desjardins Insurance and Fosun RZ Capital also participated along with previous investors. Fosun RZ …
For years, Kai-Fu Lee would share his venture capital firm’s office space in Beijing with startups he was backing so they could get advice and collaborate with each other. But about three months ago, the last of the startups packed …
Medopad Ltd., backed by pharmaceuticals giant Bayer AG, is looking to raise new funds, joining the clutch of fast growing U.K. startups that are mixing artificial intelligence and health care. A London-based mobile platform for health-care companies, insurers, doctors and …
When Micah Carr-Hill wanted to insure Chief, the Labrador that helps with his son’s autism therapy, he found an ally in Munich Re, the world’s biggest reinsurer. The German company had just teamed up with a U.K. internet startup to …
The volume of completed mergers and acquisitions (M&A) in the global insurance industry continued dropping during the first six months of 2017 to 170 deals, compared to 186 deals reported for the second half of 2016, according to Clyde & …
SoftBank Group Corp. has plowed $250 million into online lender Kabbage Inc., the latest in a flurry of big bets on mature startups by the Japanese technology company. Kabbage will use the new money to expand its lending products for …
Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout New Jersey, marking the fourth state in its nationwide expansion strategy. Residents of New Jersey can now buy homeowners and renters insurance at lemonade.com or …
Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace launched in the U.S. in 2013 and now operates in …
