Stand, an innovative insurance company focused on protecting catastrophe-exposed properties, has announced the successful close of its $35 million Series B funding round. The round was led by Eclipse, with participation from previous investors Inspired Capital, Lowercarbon Capital, and Equal Ventures.

Liberate, a rapidly growing artificial intelligence company transforming how insurance carriers and agencies operate, has announced the successful completion of a $50 million Series B funding round.

Irys, the company rebuilding insurance infrastructure from the ground up, has announced a 12.5 million dollar seed round led by Markd with participation from Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital.

HOOTL, an AI-first company focused on revolutionizing healthcare insurance processing, has raised $6.5 million in Series A funding led by 5IR Funds. The investment will accelerate HOOTL’s mission to build secure, scalable automation systems that address one of healthcare’s most persistent challenges insurance processing inefficiencies.

Insurance Office of America, has announced a significant new investment partnership involving its producers and employees, alongside strategic investments from Madison Dearborn Partners (MDP), a leading private equity firm, and Navacord Corp., one of Canada’s largest and fastest-growing multi-line insurance brokerages and financial services firms.

Claims technology firm Reserv has raised an additional $16 million in new funding, extending its oversubscribed Series B round to a total of $41 million.

Elysian, the AI-native third-party administrator for commercial insurance, today announced the closing of a $6 million seed round led by Portage, with participation from American Family Ventures and TenOneTen Ventures.

Kin Insurance, a direct-to-consumer digital home insurance provider, has raised $50 million in an oversubscribed Series E round at a $2 billion valuation.

Parento, a New York-based provider of paid parental leave insurance and employee support services, has raised $5.9 million in an oversubscribed Seed II funding round.

Insurtech startup Sola has raised $8 million in Series A funding to accelerate its plans to create the first vertically integrated property insurance company.

Infinity Loop, an AI-native contract intelligence platform designed to help enterprises save money on vendor contracts, has raised $5 million in a Seed Round led by Glasswing Ventures and TIAA Ventures, with participation from Plug and Play, Restive Ventures, and angel investors.

ePayPolicy, a leading provider of payment processing solutions for the insurance industry, has secured a strategic investment from private equity firm LLR Partners.

Inclined Technologies, a leading digital platform focused on unlocking the living benefits of whole life insurance policies, today announced the successful close of an $8 million Series B funding round.

Cyber risk management firm Safe Security has secured $70 million in a Series C funding round, led by Avataar Ventures.

Wingspan, the first modern payroll platform purpose-built for contractor management, has raised $24 million in Series B funding led by Touring Capital, bringing its total funding to $54 million.

Trucking insurance startup Cover Whale has announced a $40 million equity investment from Morgan Stanley Expansion Capital, a move that will help accelerate the company’s growth through enhanced technology, analytics, and expanded product offerings.

Retirable, a New York-based fintech startup offering retirement solutions for middle-income Americans, has raised $10 million in a Series A funding round led by IA Capital Group.

Quandri, a Canadian AI startup transforming how insurance brokerages and agencies handle servicing work, has raised $12 million in a Series A funding round, bringing its total funding since launching in 2021 to over $20 million.

Clearspeed, a leading provider of AI-powered voice analytics for risk assessment, has secured $60 million in Series D funding, bringing its total capital raised to $110 million.

ZestyAI, a leading provider of AI-based risk analytics for the property and casualty insurance industry, has secured a $15 million credit facility from CIBC Innovation Banking.

Financial planning software company Conquest Planning has raised $80 million in a Series B funding round led by Goldman Sachs Alternatives, with participation from Canapi Ventures, BDC Capital, Citi Ventures, TIAA Ventures, BNY, Portage, and USAA.

E&S insurance startup Ledgebrook has raised $65 million in a Series C funding round led by The Stephens Group, with participation from Duquesne, Brand Foundry, Floating Point, Hummingbird Nomads, and American Family Ventures. The latest round brings Ledgebrook’s total funding to over $110 million.

Employee benefits startup Zorro has secured $20 million in a Series A funding round led by Entrée Capital, with continued support from existing investors 10D and Pitango.

Crabi, a Mexico-based digital auto insurer, has raised $13.6 million in a Series A funding round co-led by Kaszek and Ignia, with participation from 30N, Redwood Ventures, Carao Ventures, Azuro Capital, and Newtopia VC.

Global insurtech leader bolttech has successfully closed its Series C funding round, raising $147 million from a group of prominent investors and securing a valuation of $2.1 billion.

Empathy, the technology company reshaping how people navigate grief and end-of-life planning, today announced it has raised $72 million in a Series C funding round led by Adams Street Partners.

Acrisure, a fast-growing financial services and insurance platform, announced today that it has secured a $2.1 billion funding round led by Bain Capital, marking a significant milestone in its ongoing transformation into a tech-driven global financial services provider.

InsurTech firm Bestow has raised $120 million in an oversubscribed Series D funding round, marking a significant step forward in its mission to transform the life insurance industry through advanced technology solutions.

Global insurance brokerage HUB International has entered into a definitive agreement for a $1.6 billion minority equity investment, catapulting the company’s valuation to $29 billion—the highest ever for a privately held insurance broker.

Cloud data security startup Sentra has raised $50 million in a Series B funding round, bringing its total capital raised to over $100 million.

Steadily, a tech-driven landlord insurance startup, has raised $30 million in a Series C funding round, pushing its total valuation to $355 million.

Ocient, a provider of high-performance data analytics software, has raised $42.1 million in a Series B funding round, bringing its total funding to nearly $160 million since its founding in 2016.

New York-based insurtech startup 1Fort has raised $7.5 million in a new funding round led by Bonfire Ventures, with participation from Draper Associates, Ramp founder Karim Atiyeh, and existing backers including Village Global, Operator Partners, 8‑Bit Capital, Character VC, and Company Ventures.

Chapter, a leading Medicare navigation platform, has announced a $75 million Series D funding round led by Stripes, with participation from existing investors including XYZ Venture Capital, Susa Ventures, Addition, Narya Capital, and Maverick Ventures.

Luma Financial Technologies, a leading platform for structured products and insurance solutions, has successfully raised $63 million in a Series C financing round.

Meanwhile, a bitcoin-only life insurance startup, has secured $40 million in a Series A funding round, boosting its total funding to approximately $60 million.

San Francisco-based healthcare startup Thatch has raised $40 million in a Series B funding round led by Index Ventures, with participation from Andreessen Horowitz, General Catalyst, ADP Ventures, SemperVirens, PeopleTech Partners, and The General Partnership.

FurtherAI, a San Francisco-based startup developing AI-powered assistants for the commercial insurance sector, has raised $5 million in a funding round led by Nexus Venture Partners, with additional participation from Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, and Xceedence.

Outmarket AI, a commercial insurance intelligence platform, has raised $4.7 million in seed funding, marking a significant milestone in its growth and development.

Cyber insurance leader Coalition has announced a $30 million equity investment from Mitsui Sumitomo Insurance Co. (MSI), a subsidiary of MS&AD Insurance Group, the largest non-life insurer in Japan and the Asia-Pacific region.

Texas-based insurtech startup Adaptive Insurance has raised $5 million in a seed funding round led by Congruent Ventures, with participation from Montauk Climate, Generation Space, and other private investors.

Azos, a Brazilian insurtech specialising in life insurance, has secured $30.5 million in a Series B funding round led by Lightrock.

AI-driven insurtech company COVU has increased its Series A financing to $22 million, aiming to scale its artificial intelligence capabilities and expand its market presence.

High Definition Vehicle Insurance (HDVI), a technology-driven commercial auto insurance provider, has secured $40 million in growth capital, bringing its total funding to over $87 million. 

SelectQuote Insurance Services, a leading Medicare broker, has announced a $350 million strategic investment from funds managed by Bain Capital, Morgan Stanley Private Credit, and Newlight Partners.

Vigil, a data platform for the annuity industry, has raised $1.3 million in pre-seed funding to expand its API-driven automation solutions for insurance carriers.

Business insurance startup Upcover has raised $19 million in funding to fuel its expansion, including $11 million in Series A investment led by RealVC, with participation from Antler Elevate, BetterLabs, and Gandel Invest. 

Home insurance startup Openly has announced a $193 million growth financing round, bolstering its expansion efforts and reinforcing its position as a leader in the insurtech space.

The Coalition for Green Capital (CGC) today announced a significant investment of $200 million in GreenieRE, a newly formed insurance company dedicated to supporting the growth of clean energy projects. 

Qumis, an innovative AI-powered platform designed to assist insurance professionals, today announced the closing of a $2.2 million pre-seed funding round.

Rainbow, a managing general underwriter (MGU) specialising in business insurance, has announced the successful close of an $8 million Series A funding round led by Zigg Capital.

Overhaul, a leading provider of supply chain risk management and intelligence solutions, has announced the successful completion of a $55 million equity funding round.

Parsyl Inc., a data-powered insurer of complex supply chains, today announced it has raised $20 million in new funding to accelerate its growth strategy.

Jones, a leading AI-driven vertical software company specialising in insurance verification for real estate and construction, has announced the successful close of a $15 million Series B funding round.

Matic Insurance, a leading provider of embedded insurance solutions, today announced it has secured $30 million in growth funding from Vistara Growth. 

Bikmo, the specialist cycle insurer, has secured an additional £4.75 million in funding from Puma Growth Partners. The investment will fuel Bikmo’s growth in Europe, particularly in direct sales, partnerships, leasing, and commercial channels.

Insurtech startup Sola has successfully raised $3.7 million in its seed funding round, advancing its mission to offer affordable and reliable natural disaster insurance to homeowners and businesses.

B.P. Marsh & Partners Plc (AIM: BPM), a specialist private equity investor in early-stage financial services firms, has announced an additional investment of $12.6 million in XPT Group LLC, a leading U.S.-based insurance distribution platform.

Fortegra, a global specialty insurer and subsidiary of Tiptree, has successfully secured $150 million through the issuance of 9.25% Fixed Rate Resetting Junior Subordinated Notes due 2064.

Delos Insurance Solutions, a property insurance managing general agent (MGA) focused on wildfire-prone areas, has successfully raised $9 million in a Series A funding round led by HSBC Asset Management.

Regal, a leading provider of AI-powered contact center software, has secured $40 million in funding to accelerate the development and deployment of its innovative AI Phone Agent technology.

October 2024 has been a banner month for insurtech startups, with a flurry of significant funding rounds pouring millions of dollars into the space.

Inspectify, a property inspection and underwriting platform, has raised $5.26 million in a new funding round led by Munich Re Ventures.

Aurora Insurance, a digital commercial insurance platform based in London, has announced securing seed funding from QBE Ventures, the investment arm of QBE Insurance Group.

Global embedded insurance provider INSHUR has successfully raised $19 million in a new funding round led by Viola Growth, bringing its total funding to $78.5 million since 2019.

ClaimSorted, an insurtech company dedicated to streamlining claims processing, has raised $3 million in pre-seed funding.

COVU, a leader in AI-native services for insurance agencies, has announced the successful completion of $12.5 million in equity and debt financing as part of its first Series A funding round.

San Mateo-based startup Pinpoint Predictive has announced the successful close of its Series A funding round, raising over $23 million.

Centivo, a leading healthcare company dedicated to making high-quality healthcare more affordable, has announced the successful completion of a $75 million financing round.

arqu, a tech-enabled wholesale insurance brokerage based in San Francisco, has raised US$10 million in a Series A round led by Crosslink Capital with participation from Intact Ventures. 

Koltin, a Mexican insurtech focused on providing private health insurance for seniors, has raised $7.3 million in a Series A funding round led by Left Lane Capital.

Functional Finance,  a software platform “revolutionising financial operations” for managing general agents, insurance companies, and wholesalers, announced the closing of a $20 million Series A funding round led by Walkabout Ventures, with participation from Munich Re Ventures and Phil Edmundson, the founder of Corvus Insurance.

Nayya, a leading platform that simplifies employee benefits selection and management, has announced a new investment from Workday Ventures.

SME-focused insurtech startup Onsurity has raised an additional $21 million, led by private equity firm Creaegis, to complete its Series B funding round at $45 million. 

Nirvana, a pioneering health tech company specialising in insurance verification and eligibility with machine learning and artificial intelligence, has announced a successful $24.2 million Series A funding round.

US-based insurtech managing general agent (MGA) Ledgebrook has raised $17 million in a Series B funding round.

QuickFacts, an insurtech startup dedicated to enhancing efficiency in the insurance industry, has announced the successful closure of an oversubscribed $2 million funding round.

Companion Protect, a Kansas City-based company specialising in pet insurance and wellness administration, has successfully raised $20.25 million in a Series A extension round. 

Chaiz, a Texas-based marketplace for extended car warranties, has successfully raised $3.7 million in a seed funding round as it seeks to expand its coverage options.