insurtech funding News

Recreational Vehicle Rental Site Outdoorsy to Expand Its Insurance Division

Recreational vehicle rental marketplace Outdoorsy said it will use some of the $120 million it recently raised to expand its digital managing general agency that sells insurance to RV owners and renters in the U.S. and Europe. Austin, Texas-based Outdoorsy, …

Digital E&S Broker Pathpoint Raises $30 Million

Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC, Founders Fund, and Chubb. Hiscox and other carriers …

Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion

Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing its total funding to $42 million. This latest funding round will accelerate Akur8’s international expansion, with a particular emphasis on …

Nationwide Invests in Certificate of Insurance Startup Certificial

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 million Series A funding round also included lead investor IA Capital, a …

Odie Pet Insurance Agency Raises $3 Million

Odie Pet Insurance has closed on more than $3 million in new funding to accelerate its growth and invest in technology. California-based Odie Pet Insurance Marketing sells pet insurance plans underwritten by PrimeOne Insurance Co. Inc. and ClearBlue Insurance Group. …

German Insurtech ELEMENT Raises $19.5M to Continue Growth

ELEMENT, the Berlin-based white-label provider of digital insurance solutions, has raised €16 million (US$19.5 million), in additional investment from existing and new investors. The additional capital will be used to continue the company’s growth. With the latest funding round, total …

Kin Insurance Funding Tops $69 Million as Pro Golfer McIlroy Joins Investors

A few weeks after a report that it is in talks to go public, home insurance startup Kin announced its newest funding from Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his team. Joining Symphony Ventures …

German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B

BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The funding means Berlin-based Wefox …

Insurance Technology: Vertafore Unleashes Analytics for Agencies; MGA Mile Auto Raises $10.3M, Partners With Ford

Insurance agency technology firm Vertafore has released a product it says puts the power of data and analytics into the hands of independent agencies. The new offering, MarketTrends, helps agencies identify coverage trends, cross-sell opportunities and appropriate markets in an …

Waffle Raises $5M for Its ‘All-in-One’ Virtual Insurance Agency

The insurtech Waffle has raised $5 million in seed funding, with plans to offer cyber, renters, pet, travel and life insurance in the initial launch of its new virtual agency platform. Auto and home insurance are to be added by …