insurtech funding News

Commercial Lines Sales Platform Sayata Raises $17M to Expand Beyond Cyber

Cyber insurance platform Sayata has raised $17 million in new venture capital and plans to expand to offer more specialty coverages. The startup’s platform automates the quote and bind process to help wholesale brokers and carriers quickly and easily offer …

DealerPolicy Raises $110M for Embedded Insurance for Retail Auto Sales Industry

DealerPolicy, a digital insurance marketplace for retail car sellers and buyers, announced a $110 million Series C investment led by the growth equity business within Goldman Sachs Asset Management. The Vermont-based company said the new investment will be used to …

Startup Raises $60M to Flag Infrastructure Damage, Injuries Before They Happen

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 the funding is timely, hitting as Congress contemplates massive …

Many InsurTechs Go Under Quietly While Others Ride Funding Wave

While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less fanfare. When Willis Towers Watson reported …

Insurtech Attracts $15.5M to Its Commercial, High Net Worth Flood Insurance Platform

Colorado-based reThought Insurance, a managing general agency focused on the flood insurance market, has secured $15.5 million in investment to accelerate its growth. The company currently writes flood coverage for complex mid-tier commercial risks and high net worth properties but …

‘Real Time’ Cyber Risk Specialist At-Bay Pulls In $185M as Antidote to Insurance Spiral

At-Bay pulled in a whopping $185 million in new financing that the cyber insurance startup plans to use for new product development, expansion into new markets and hiring more employees. Including the new round, the managing general underwriter said it …

Insurtech Agentero to Expand Digital Network for Agents After Raising $13.5M

Agentero raised $13.5 million in new financing designed to boost and help expand its digital insurance network for agents. The California-based insurtech, launched in 2017, is designed to help insurance agents access digitally-savvy insurance carriers and boost their revenues. Agentero …

Cape Analytics Gains $44 Million in Financing

Cape Analytics has attracted $44 million in new financing that the of property data firm plans to use for expansion, accelerated product development, and hiring of more machine learning, data science and risk experts. Launched in 2014, Cape Analytics uses …

‘Stripe-Like’ Insurance Management API Lula Raises $18 Million

insurtech startup Lula plans to aggressively hire and expand its product capacity now that it has raised $18 million in new venture capital. Lula is an API (application programming interface) outfit that provides insurance infrastructure for companies including car rental …

Insurtech Startup bolttech Raises $180 Million, Valuing Firm at More Than $1B

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 company’s online platform serves …