Foxquilt, a Toronto-based insurtech, announced it has raised an $8 million financing round led by Luge Capital with participation from AmTrust Financial, Extreme Venture Partners and Side Door Ventures. The new capital will be used to support talent acquisition, product …
Envelop Risk, the UK-based cyber re/insurance managing general agent, announced a Series B investment of $130 million, led by SoftBank Vision Fund 2. The financing will facilitate Envelop Risk’s plans to expand its proprietary machine-learning and data-driven underwriting activity in …
Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it one of the first British Black-founded unicorns, the company said on Wednesday. The early-stage funding round was backed by venture …
Insurtech ecosystem specialist Quotall announced it has entered into a strategic partnership with global insurance broker and fintech services provider, Acrisure. Under the partnership, Acrisure will provide insurance product sourcing and insurer partnership services to meet the portfolio needs of …
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 capital markets in recent months. Indian food-delivery firm …
Insurtech venture investment keeps climbing ever higher, with new records reached for the second quarter as well as the first half of 2021, according to the latest Willis Towers Watson report on the sector. Global insurtech investment hit $7.4 billion …
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya’s Social Capital, Flock said on Thursday. Flock started out insuring commercial drones, and added car and van fleets last year. It …
Insurtech startup bolttech announced it has acquired i-surance, a next-generation B2B2C digital insurance platform based in Berlin. Financial details of the deal were not disclosed. The transaction is part of bolttech’s international expansion strategy and follows its recent Series A …
Commercial motor insurer Zego, with support from Swiss Re, has teamed up with bp, an integrated energy company, to provide professional insurance for bp’s electric vehicle trial in London, called “bp EV Pro.” The package is designed specifically for ride-hail …
Carrot General Insurance Corp., South Korea’s first digital-only insurance provider, announced that it has raised 100 billion won (US$88.7 million), which equals its founding capital raised in 2019. The Seoul-based digital non-life insurer was established through a joint partnership of …
