Latest Funding Headlines

All the headlines from our Funding Topic Page, ordered by recency.

Indonesia’s PasarPolis Insurtech Raises $54 Million

Sep 2 2020 // The Indonesian digital insurance agency PasarPolis said it raised $54 million in a Series B funding round, in what it said is the largest Series B funding for an insurtech firm in the region.The company said the investors...

Japanese Lunar Exploration Firm ispace Raises $28M and Inspires Moon Insurance

Aug 20 2020 // The Japanese lunar exploration firm, ispace, which is developing spacecraft to carry people to the moon, just raised $28 million from the four organizations for its Series B investment round.The firm, which aspires to be a...

Chinese Crowdfunding, Insurance Site Waterdrop Raises $230 Million, Plans U.S. IPO

Aug 20 2020 // Chinese online insurance technology platform Waterdrop Inc. has raised $230 million in a new funding round led by reinsurer Swiss Re and Chinese internet giant Tencent Holdings, it said on Thursday.Waterdrop’s...

Rideshare Insurer Buckle Raises $31 Million to Fuel Nationwide Expansion

Aug 5 2020 // Buckle, a digital seller of rideshare insurance, disclosed it has raised $31 million in new venture financing and will use the money to expand operations nationally.HSCM Bermuda and Eos Venture Partners co-led the Series A...

CoverWallet Launches Digital Management Liability Package for VC-Backed Startups

Aug 3 2020 // CoverWallet, an Aon company and digital insurance platform for businesses, has launched a digital insurance product for venture capital (VC)-backed startups. The new management liability package offers VC-backed startups...

Home Insurance Insurtech Hippo Raises $150M as It Readies for IPO in 2021

Jul 21 2020 // Hippo Enterprises Inc., hot on the heels of rival home insurance technology business Lemonade Inc. going public, has closed a $150 million financing round.The Palo Alto, California-based startup is valued in the investment...

Canadian Insurtech MGA Foxquilt Raises Seed Funding to Develop Small-Biz Platform

Jul 9 2020 // A Canadian insurtech focused on small business insurance said it raised $3.5 million in seed financing.Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service insurance provider with a...

Update: Online Insurer Lemonade Raises $319M During U.S. Stock Market Debut

Jul 2 2020 // Lemonade Inc., the online home insurance provider backed by SoftBank Group Corp., jumped as much as 86% after raising $319 million in its U.S. initial public offering.[inline-ad-1] Shares of the company opened at $50.06...

Insurer Lemonade Seeks to Raise $286 Million in IPO

Jun 25 2020 // Insurance startup Lemonade Inc., which is backed by SoftBank Group Corp., said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains momentum after...

Upmarket Homeowners Insurance Platform Openly Raises $15 Million

Jun 24 2020 // Boston-based Openly, a platform that sells upmarket homeowners insurance through independent agents, said it has closed a $15 million Series A investment.The round was led by Obvious Ventures, with participation from...

Fidelis Issues $300M of Senior Notes, Bringing 2020 Capital Raise to More Than $1B

Jun 19 2020 // Fidelis Insurance Holdings Ltd. announced it has issued $300 million of senior notes, which comes on the heels of last week’s equity funding of $500 million and the $300 million raised by the re/insurer in...

Fidelis Insurance Raises $500 Million of Equity Capital for Growth in Hardening Market

Jun 10 2020 // Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships.On top of the $300 million raised by the company in February, Fidelis has now secured $800 million...

Workers’ Compensation Insurtech Pie Raises $127 Million With Plan to Acquire Carriers

May 28 2020 // Workers’ compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments.Gallatin Point Capital joined the insurtech’s current investors in the capital raise,...

SelectQuote Raises $350M in IPO; Shares Jump 40% in Market Debut

May 22 2020 // Shares of SelectQuote Inc. jumped more than 40% in their stock market debut on Thursday, giving the insurance policy comparison website a market valuation of over $4 billion.The company’s stellar offering is the...

Cyber Seller Coalition Counters Insurtech Funding Dip, Raises $90 Million for Expansion

May 21 2020 // Coalition, an insurtech managing general agency focused on cyber insurance and security, disclosed it raised $90 million in new venture financing earlier this year to fuel development of new products and a global...

Coalition in California Raises $90M to Grow Internationally

May 20 2020 // San Francisco, Calif.-based Coalition, a cyber insurance and security company, announced it has raised $90 million in equity capital to support its growth and global expansion.Valor Equity Partners led the funding with...

Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties

May 19 2020 // Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing...

Insurance Comparison Website SelectQuote Hopes IPO Will Raise $342 Million

May 18 2020 // SelectQuote Inc. said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the insurance policy comparison website at more than $3 billion.The company will offer...

Cyber Underwriting Firm Envelop Risk Raises $6 Million in Funding

May 15 2020 // Envelop Risk, the UK cyber underwriting and risk analytics business, announced a Series A investment of approximately $6 million.The funding round was led by artificial intelligence specialist investor Alpha Intelligence...

Hiscox Raises £375M to Respond to U.S. Wholesale, Reinsurance Growth Opportunities

May 6 2020 // Lloyd’s insurer Hiscox has successfully raised capital of approximately £375 million (US$465 million) as a result of an equity placement of new ordinary shares.The company announced the equity placing on May 5,...