Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt. The round was led by Ensemble VC, with participation from Sozo Ventures …
Parametric Insurtech startup BirdsEyeView has closed a seed funding round for an undisclosed amount led by SFC Capital, with the funds matched by the European Space Agency (ESA). BirdsEyeView uses satellite data to structure insurance coverage for severe weather events …
Wefox, the German digital insurer, is in advanced discussions to raise fresh funding at a valuation of $5 billion to $6 billion, people with knowledge of the matter said. The Berlin-based insurtech startup is aiming to raise several hundred million …
Boston-based Openly, an insurtech homeowners insurer distributing through independent agents, has closed a $75 million Series C investment. According to founders Ty Harris and Matt Wielbut, Openly has responded to a perceived gap in the market: while consumers are increasingly …
Coterie Insurance, a small business insurtech, announced its expansion into New York State. With the addition of New York, Coterie insurance products are now available to agents, brokers and small employers across the nation. New York agents and brokers can …
Workers’ compensation insurtech Hourly has raised $27 million in a series A seed round. The platform lets employers with hourly workers run payroll, track time and attendance, and manage workers’ compensation insurance premiums in one place in real time. As …
San Diego-based FutureProof Technologies, which calls itself a “climate-smart property/casualty insurtech,” announced that it has raised $6.5 million in capital led by AXIS Digital Ventures, bringing its total capital raised to nearly $10 million. The firm said the his capital …
Funding for the insurtech sector plummeted 58% in the first quarter of 2022 compared to fourth-quarter 2021, according to data released Tuesday by CB Insights. The total funding amount of $2.2 billion across 143 deals, compares to $5.3 billion across …
Certificate Hero Raises $4.5 Million for Certificate of Insurance Processing Platform Certificate Hero, a platform for issuing and managing certificates of insurance, reported it received $4.5 million in funding in its Series Seed II round led by RRE Ventures. The …
Kin Announces $82M First Close in Series D Financing Direct-to-consumer home insurance company Kin Insurance last week announced the $82 million first close of its Series D round, with additional commitments for a second close totaling $18 million. The funding …
