Latest Funding Headlines

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

European E-Scooter Startup Dott Raises $34M with Plans to Offer Insurance

Jul 8 2019 // European startup Dott has secured 30 million euros ($34 million) in a fundraising led by existing investors EQT and South Africa’s Naspers to launch an electric bike hiring business and roll out new generations of...

Digital Car Repair Platform Fixico Raises €7M to Expand Internationally

Jun 18 2019 // Fixico, the Amsterdam-based digital platform for car damage repair, has raised €7 million ($7.9 million) to grow its international footprint and fleet and insurance partnerships.The technology company offers a digital...

VOOM Raises $5M to Expand On-Demand Insurance for Episodic Mobility Usage

May 24 2019 // VOOM, the Tel Aviv-based on-demand, telematics-based insurance platform for drones and other specialized mobility services such as e-scooters, announced it has closed a $5 million Series A funding round.The round was led...

Claims Insurtech Snapsheet Raises $29 Million to Expand Into All P/C Lines and Globally

May 20 2019 // Virtual insurance claims services company Snapsheet has closed on $29 million in Series E funding. The company said it will use the funds to expand beyond auto into all lines of property/casualty insurance and expand...

Cyber Security, Insurance Firm Coalition Raises $40 Million

May 9 2019 // Coalition, a San Francisco-based cyber insurance agency for small and midsize businesses, said it has closed a $40 million funding round. Ribbit Capital led the investment with participation from Greenoaks Capital and...

Insurance Agency Management System Tech Firm Veruna Raises $6 Million

May 6 2019 // Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a $6 million Series A funding round. Founded in 2015, Veruna offers a...

AI Startup Cytora Raises $32.5M to Expand Commercial Insurance Products, Geographies

Apr 22 2019 // Cytora, the London-based provider of artificial intelligence-powered solutions for the commercial insurance industry, announced it has raised £25 million ($32.5 million) in new financing, which will be used to accelerate...

Amenity Analytics Raises $18 Million from Starr, Allstate, Others for Text Analysis Tool

Apr 16 2019 // Starr Companies and Allstate have contributed to an $18 million financing round for Amenity Analytics, a startup developing cloud-based analytics designed to help businesses analyze text on a massive scale.The New...

Insurtech Lemonade Raises $300 Million; SoftBank, Allianz, Alphabet Among Investors

Apr 11 2019 // Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $300 million Series D funding round led by SoftBank Group with participation from Allianz, General...

Digital Commercial Lines Broker Embroker Raises $28 Million

Apr 10 2019 // Digital insurance broker Embroker announced its $28 million Series B funding round.Embroker said it will use the funding to scale adoption of its insurance management platform, data-driven service offering, and proprietary...

IA Capital Group Raises $150 Million for Insurtech Investing

Apr 4 2019 // IA Capital Group, an insurtech-focused venture capital firm, said it has raised $150 million across three funds.The three funds are Inter-Atlantic Stonybrook Insurtech Ventures, focusing on property/casualty insurtech;...

Sayata Labs Raises $6.5M for Cyber Risk Underwriting Service

Mar 28 2019 // Tel Aviv-based Sayata Labs has raised $6.5 million in seed funding for its cybersecurity and data science capabilities that give insurers and brokers the ability to assess the cyber risk of small and medium sized...

Cohen & Co. Insurance Acquisition Corp. Raises $150 Million in IPO

Mar 26 2019 // Insurance Acquisition Corp., company sponsored by Cohen & Co. and formed for the purpose of acquiring or merging with insurance firms, completed an initial public offering that raised gross proceeds to the company of...

Brazil’s Caixa Aims to Raise $3.9B via Listings of Units, Including Its Insurer: Report

Mar 11 2019 // State-owned Brazilian bank Caixa Economica Federal is hoping to raise 15 billion reais ($3.88 billion) through the listing of four of its subsidiaries, chief executive Pedro Guimaraes told newspaper O Globo in an interview...

Shift Technology Raises $60M to Expand Use of AI for Fraudulent Claims Detection

Mar 6 2019 // Shift Technology has raised $60 million in new venture financing, money that will help grow the reach of its artificial intelligence and big data technology designed to help carriers detect fraud during the claims...

Pie Keeps Growing; Workers’ Comp Startup Raises $45 Million in Latest Round

Mar 5 2019 // Pie Insurance, an insurtech selling workers’ compensation coverage online to small businesses, has completed a $45 million Series B funding round. Participating investors included SVB Capital, Sirius Group,...

U.K. Cyber-Security Startup Tessian Raises $40M to Support U.S. Expansion

Feb 28 2019 // Sequoia Capital has backed a London-based cyber-security startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed to the wrong...

Allianz Targets Tech, Insurance Investments with $1.1B Venture Capital Fund

Feb 20 2019 // European insurer Allianz SE is increasing the size of its tech investment fund to 1 billion euros ($1.1 billion), making it one of the largest corporate-backed venture funds in Europe.Allianz X was launched in 2016 with a...

Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office

Feb 5 2019 // Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac...

Employees of Michigan’s AF Group Raise Nearly $267K for Charities

Jan 30 2019 // Employees of Lansing, Michigan-based insurer, AF Group, have pledged $266,750 in support of numerous charitable organizations around the country as part of the company’s recent Caring and Sharing Community...