London-based insurtech with high profile backers including one of the world's largest reinsurer SCOR has become Britain's next unicorn with its latest funding round. The company is looking to "disrupt" the insurance market worth $5 trillion globally.

Israeli insurtech startup Vesttoo announced on Sunday that it has completed a $6 million funding round led by Hanaco venture capital fund, just four months after raising $2 million.

Kalepa, an insurance underwriting platform based out of New York, has raised a $14 million Series A funding round led by Inspired Capital, with participation from previous investor IA Ventures.