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.

Top Insurance Investment Rounds: January 2025

Insurtech companies have kicked off 2025 with a bang, securing significant funding rounds in January. This surge in investment signals a promising start to the year for the industry, with investors expressing confidence in the sector’s potential for growth and innovation.

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Instabase Secures $100 Million in Series D Funding

Instabase, a leading provider of applied artificial intelligence (AI) solutions for unstructured data, today announced the closing of a $100 million Series D funding round led by QIA, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures.

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Fortegra Secures $150 Million

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.

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Ruby Re Raises $480 Million in Second Funding Round

Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life and health reinsurer, announced today that Ruby Reinsurance Company (Ruby Re), a Missouri-domiciled third-party life reinsurance company, has successfully closed a second round of funding, raising a total of $480 million in capital.

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Agentech Secures $3 Million Seed Funding

Agentech, a leading AI-powered workforce solution for insurance claims, has raised $3 million in seed funding within 30 days, setting the stage for expansion into Property & Casualty (P&C), Workers’ Compensation, and Travel claims workflows.

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Functional Finance Raises US$20 million

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.

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Demex Group Closes Succesful $10.25million Series A

The Demex Group, a risk analytics and intelligence firm specialising in stop-loss reinsurance protection, has raised $10.25 million through a Series A and previous SAFE funding round, led by Congruent Ventures. Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital also participated.

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Hub Completes Acquisition of IMC

Hub International Limited, a global brokerage and financial services firm, has completed the acquisition of Pennsylvania-based Insurance Management Company (IMC). The terms of the deal were not disclosed.

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Inscora Raises $2 Million

Inscora, a Canadian startup providing automated cyber risk assessments and sales enablement solutions to cyber insurance brokers, has successfully raised $2 million in a funding round.

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Safe Guard Receieves New Investment

Safe-Guard Products has announced a new investment from Hellman & Friedman, a private equity firm. Founded in 1992 and based in Georgia, Safe-Guard Products is a provider of third-party private label finance and insurance protection products for the automotive, RV, marine, and powersports industries.

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AECID Invests €25 Million to Boost LATAM Insurtech

The Agencia Española de Cooperación Internacional para el Desarrollo (AECID) has announced an investment of €25 million in management agency Mundi Ventures, agreeing that the funding will be allocated to insurtech startups and parallel sectors aiming to improve and digitise the insurance sector.

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Solera Registers for IPO

Solera, a global provider of SaaS solutions, has announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock.

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Norm Ai Secures US$27 Million to Advance Regulatory Compliance Platform

Norm Ai, a cutting-edge regulatory compliance platform, has successfully raised $27 million in a Series A funding round. The round was led by Coatue, with significant participation from Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital.

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Climate X Secures US$18 Million in Series A Funding

Climate risk intelligence company Climate X has raised $18 million in a Series A investment round led by Google Ventures. The funding round also saw participation from Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, Unconventional Ventures, and Western Technology Investment.

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PCF Insurance Completes Four Strategic Acquisitions

PCF Insurance Services, one of the top twenty US insurance brokers operating across 40 states, has announced the acquisition of four key agencies: Ignitist in Pennsylvania, The Brady Agency in North Carolina, Roseberry Insurance Agency in Mississippi, and The Sinnott Agency in Iowa.

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Guidewire

Guidewire Invests in Indico Data

Guidewire, a leading platform provider for property and casualty (P&C) re/insurers, has significantly contributed to a $19 million funding round for Indico Data, a company specialising in automating essential workflows for document-intensive industries such as insurance and financial services. 

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FintechOS Completes $60 million Series B+ Round

FintechOS, a leading end-to-end financial product management platform, has announced it has completed a successful $60 million Series B+. The round was led by Molten Venture, Cipio Partners, and BlackRock alongside existing investors EarlyBird VC, OTB VC, and Gapminder VC. 

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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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Bradley Collins

Bradley Collins