Latest Funding Headlines

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

Boost Raises $14 Million for Its ‘White Label’ Digital Insurance Platform

Feb 10 2020 // Boost Insurance has pulled in a $14 million funding round designed to expand its infrastructure-as-a-service platform designed for the insurance industry. Coatue and Greycroft led the New York company’s Series A...

Comparison Website The Zebra Raises $38.5 Million

Feb 5 2020 // Digital personal lines comparison site The Zebra has reported $38.5 million in Series C fundraising.The round was led by Accel and included other current investors Silverton Partners, Daher Capital, Floodgate Fund, Ballast...

Online Insurance Broker Policygenius Raises $100M From AXA, Others

Feb 3 2020 // Online insurance marketplace Policygenius raised $100 million in new financing. The company plans to use the money for hiring, to grow and to broaden the consumer financial protection products it will unveil in...

Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life

Jan 16 2020 // Digital auto insurance comparison agency Insurify announced it is expanding into home, renters and life insurance comparison.To help drive its expansion, the Cambridge, Mass.-based company said it has raised $23 million in...

Digital MGA Clearcover Raises $50M; Plans on Entering More States, Becoming Carrier

Jan 6 2020 // Clearcover, a digital managing general agent focused on auto insurance, said it has raised $50 million in new financing. The company said the money will be used to accelerate further national growth as well as further its...

IICF Raises $1.14M at Annual Benefit Dinner Honoring Markel Corporation

Dec 24 2019 // The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised $1.14 million at its 13th Annual Northeast Benefit Dinner held December 11 at...

Florida Officials Plan to Raise $100M for Reef Restoration in Florida Keys

Dec 13 2019 // Federal officials have announced plans to raise $100 million to fund projects to restore seven significant coral reef sites in the Florida Keys National Marine Sanctuary.“Mission: Iconic Reefs” calls for...

Ping An’s OneConnect Raises $312 Million in Expanded U.S. IPO

Dec 12 2019 // China-based cloud fintech platform OneConnect Financial Technology Co. expanded its U.S. initial public offering to raise $312 million, partly reversing cuts to its share-sale plans disclosed one day ago.The company, one...

Fast-Growing German Insurtech Wefox Raises $110 Million More

Dec 11 2019 // German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion...

Insurtech Vouch Raises $45M, Announces Launch in California

Nov 20 2019 // Vouch Insurance this week announced a $45 million Series B investment round led by Y Combinator Continuity.Vouch also announced its launch in California, which the firm said represents 50 percent of the business insurance...

Insurtech Sales Platform Cover Genius Raises $10M for Expansion

Nov 13 2019 // Cover Genius, an insurtech that offers an insurance sales and payments tools to online retail, travel, property, shipping and other companies in multiple languages and countries, has raised $10 million in new...

Quantemplate, Insurtech Provider of Cloud-Based Data Services, Raises $12M

Nov 1 2019 // Quantemplate, the provider of self-service, cloud-based automated data services for the re/insurance industry, raised more than $12 million in its latest funding round.Quantemplate said it plans to use the funding for...

Verifly, Now Thimble, Raises $22M to Fuel On-Demand Insurance Growth

Oct 16 2019 // Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance.Existing investors Slow Ventures,...

Commercial Lines Insurtech Bold Penguin Raises $32 Million in Latest Round

Sep 23 2019 // Bold Penguin, a Columbus Ohio commercial insurance technology provider, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 million since it started in...

Smart Insurance Forms Platform Broker Buddha Raises $4.5 Million

Sep 17 2019 // Broker Buddha, a company that simplifies the commercial insurance application and renewal process, announced a $4.5 million funding round led by Vertex Ventures.Broker Buddha’s technology converts PDF insurance...

Cyber Risk Modeling Company Kovrr Raises $5.5 Million

Sep 12 2019 // Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 Million financing round.The funding round was led by StageOne Ventures, Mundi Ventures and Innocells (the corporate venture arm and digital...

Root Insurance Raises $350 Million in New Round; Valuation Reaches $3.65 Billion

Sep 9 2019 // Root Insurance, which uses smartphone technology to gauge driver behavior and price policies, said it has raised $350 million in Series E funding. Root has now raised a total of $523 million in funding, with an additional...

Insurtech Kin Insurance Raises $47M to Launch Florida Homeowners Carrier

Aug 29 2019 // Kin Insurance, an insurtech startup focused on home insurance in catastrophe-prone regions, said it has raised $47 million in new venture financing to fuel expansion and a revamped business model.August Capital led the new...

Brit Taps Birch from VC Firm Hambro Perks for Newly Created Role, Head of Innovation

Jul 23 2019 // Brit Ltd. announced that James Birch has been appointed to the newly created role of head of Innovation.Reporting to CEO Matthew Wilson, Birch started his new role on July 22. Birch will be responsible for managing the...

Specialty Insurer ProSight Hopes to Raise $140 Million with IPO

Jul 18 2019 // ProSight Global Inc. announced its IPO terms, which include expectations of raising at least $140 million.The specialty insurer said the company’s initial public offering would involve more than 8.8 million shares of...