ALL LATEST FUNDING ROUNDS

We regularly curate the latest news and insights to create the largest platform for knowledge-sharing and development within the world’s insurance industry.

Simon Taylor, CEO of Uinsure

LDC Invests Undisclosed Sum in UK Insurtech Uinsure 

Lloyds Development Capital Limited (LDC), a mid-market private equity house and subsidiary of Lloyds Banking Group, has thrown its investment weight behind Uinsure – a cloud-based insurtech that connects financial intermediaries and lenders with a panel of the UK’s insurers. 

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hyperexponential Raises US$73 Million in its Series B Round

hyperexponential has raised US$73 million in capital in its Series B funding round, led by Battery Ventures, with participation from leading Silicon Valley investor a16z, and existing Series A investor Highland Europe, which increased its holding., three years after its Series A round.

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Lexasure Financial Group Signed Business Combination Agreement to Go Public

Lexasure Financial Group, a leading provider of reinsurance and digital insurance solutions in Southeast and South Asia, and Capitalworks Emerging Markets Acquisition Corp., a publicly traded special purpose acquisition company organized in the Cayman Islands to effect a merger, stock exchange, asset acquisition, stock purchase, recapitalization or other similar business combination, today announced a definitive business combination agreement to provide Lexasure with a path to becoming a publicly listed company through a new Cayman Islands holding company, Lexasure Financial Holdings Corp., that will acquire both Lexasure and CEMAC.

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CyberSmart Raises £13M to Expand Cybersecurity Solutions

CyberSmart has raised 12.75 million pounds (about $15 million) in a Series B round.
The company — which provides cybersecurity solutions for small- to medium-sized businesses (SMBs) — will use the new capital to expand its business internationally and build out its cyber insurance offering, according to a Thursday (Feb. 23) blog post by Oxx, which led the funding round.

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InsureTech Flock raises $38M Series B

It’s only human nature. If you tell a driver their insurance premium will go down if they drive more safely, then – it turns out – they will probably drive more safely. Scale that up to entire commercial fleets and the costs saving can become extremely significant. However, the trick is to do the tracking in the first place.

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$17 M Series B funding raised by SA insurtech startup Naked

The South African insurtech startup Naked, which is xpowered by artificial intelligence (AI) and provides customers with a new, entirely digital approach to insure their vehicles, houses, and belongings, has acquired US $17 million in Series B investment to fuel its expansion.

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India’s InsuranceDekho raises $150 million

The Indian insurance platform InsuranceDekho has raised $150 million in a Series A funding round as the firm eyes merger and acquisition opportunities at a time when the market slump has engulfed most startups in the South Asian nation.

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How to make insurance appealing to millennials, Gen Z

Millennials and Gen Zers will represent 75% of the U.S. workforce by 2025 and will come to represent a huge chunk of the buying power in the economy. Industries across the board are adjusting to this vastly different consumer market, and insurance is no exception.

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Ushur raises $50 million

Automation tech continues to attract funding in an increasingly challenging macroeconomic environment. That’s because of its cash-saving potential, no doubt.

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Singaporean B2B BNPL player actyv.ai raises $12 million

actyv.ai, a Singapore-headquartered, category creator in the enterprise SaaS with embedded B2B BNPL and insurance space, has raised a total of $12 million as part of Pre-Series A funding round from 1Digi Ventures, Singapore, the family office of Raghunath Subramanian, Founder and Global CEO of the company.

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Vertical Insure Secures $4M In Seed Funding To Simplify Insurance

Vertical insure , the embedded insurance platform for vertical SaaS platforms, today announced its $4 million seed round co-led by rally ventures and dundee vc . Vertical Insure provides vertical SaaS platforms with embedded, white label insurance products that can be deployed to their current customer base.

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Oyster

Insurtech Company Oyster Raises $3.6M

Oyster, an insurance technology company that provides personal insurance through seamless point-of-sale and post-purchase experiences, today announced that it has raised a $3.6 million financing round.

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evertas-ceo

Evertas raises $14 million

Evertas, “the first cryptoasset and blockchain insurance company,” has closed a $14 million funding round led by Polychain Capital, with participation from SinoGlobal Capital, CMT Digital Ventures, Foundation Capital, Morgan Creek, Bloccelerate, network0, Matrixport, HashKey, and several individual investors.

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Napo raises £15 million

UK-based pet insurance startup Napo has closed a £15 million Series A round led by DN Capital, with participation from Companion Fund, dmg ventures, FJ Labs, Helvetia Venture Fund, MTech Capital, Picus Capital, Sarona Partners, and T0 Ventures.

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Insurtech Glow Raises $22.5 Million Series A

“Digital insurance agency” Glow has raised $22.5 million in Series A funding. The round was led by Cota Capital, with AV8 Ventures, Markd, Startup Venture Capital, Maiden Re, and more participating in the round.

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Kin secures $145 million in debt financing

Kin Insurance announced the closing of a $145 million committed credit facility. The new facility, which was led by Runway Growth Capital LLC and the Avenue Venture Opportunities Fund, L.P., provides Kin with additional capital to support the expansion of the Kin Interinsurance Network, a reciprocal exchange.

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Bradley Collins

Bradley Collins