Latest Funding Headlines

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

Cybersecurity, Insurance Platform Upfort in California Raises $8M Series A Funding

Oct 26 2023 // Upfort raised $8 million in a Series A funding round led by SYN Ventures, with participation of Eniac Ventures and Fika Ventures, which co-led Upfort’s seed round. Upfort’s goal is to simplify the way brokers...

Insurtech Startup QuoteWell Comes Out of Stealth With $15M in Series A Funding

Oct 25 2023 // Tech-enabled commercial insurance wholesale brokerage QuoteWell announced its public launch to serve independent retail agents.Founded in 2021, the insurtech said it “helps agents who are often overlooked and given...

Commercial Fleet Insurtech Nirvana Secures $57M in Series B Funding

Oct 18 2023 // Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners.The new...

California Restaurant Mutual Benefit Group Raises $100M

Oct 18 2023 // California Restaurant Mutual Benefit Corp. raised $100 million in capital over the past decade from its members and through fiscal controls.CRMBC is a California self-insured group that provides workers’ compensation...

India Insurance Startup Raises Funds at $650 Million Valuation

Oct 11 2023 // Indian startup InsuranceDekho has raised $60 million in Series B funding, driving the online insurance seller’s valuation to more than $650 million.Investors including Japanese giant Mitsubishi UFJ Financial Group...

Appeals Court Blocks Venture Capital Fund’s Grant Program for Black Women

Oct 3 2023 // A federal appeals court on Saturday blocked a venture capital fund from moving forward with a program that awards funding to businesses run by Black women in a case by the anti-affirmative action activist behind the...

Judge Refuses to Block Venture Capital Fund’s Grants for Black Women

Sep 27 2023 // A federal judge in Atlanta on Tuesday rejected a bid by the anti-affirmative activist behind the successful U.S. Supreme Court challenge to race-conscious college admissions policies to bar a small venture capital fund...

Openly Secures $100 Million in Series D Funding

Sep 21 2023 // Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners.There was additional participation in the round from a mix of current and new investors including Gradient...

Israeli Cyber Firm Cato Networks Raises $238M, Valued at $3B

Sep 20 2023 // Israeli cybersecurity firm Cato Networks said on Tuesday it had raised $238 million in a private funding round that valued the company at $3 billion.The round, one of Israel’s largest this year and Cato’s...

Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group

Sep 14 2023 // Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent’s expansion in the California homeowners’ insurance market. The seed extension round...

Allianz Aims to Raise $1.6 Billion for Global Private Credit Fund

Aug 18 2023 // Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said,...

Demex Raises $5M to Bolster Its Stop-Loss Reinsurance Solutions for Secondary Perils

Aug 16 2023 // The Demex Group, the Washington, D.C.-based managing general agent (MGA) that offers stop-loss protection for secondary perils, announced it has raised $5 million from a syndicate of existing and new investors, led by Blue...

Embattled Louisiana Law Firm Raised $40M from Florida Hedge Fund, Partner Says

Aug 11 2023 // McClenny Moseley & Associates, the embattled law firm that filed thousands of hurricane-damage lawsuits in Louisiana, raised a total of $40 million from private investors, one of its founding partners said during a...

Investors Double-Down on Cyber Insurtech Resilience With $100M Series D Round

Aug 7 2023 // Investors in cyber risk solution company Resilience have contributed again – $100 million in a series D equity financing round – a testament to the company’s business model and results, its leaders said.With...

Bain Capital Raises $1.15B for Its First Fund Dedicated to Insurance Investments

Jul 19 2023 // Bain Capital has raised $1.15 billion for its first fund dedicated to investing in the insurance industry, as the private equity firm aims to create and invest in companies in the sector, a senior executive told...

Claims Insurtech Tractable AI Raises $65M in Funding Led by SoftBank

Jul 18 2023 // ⁠Tractable, the London-based insurtech that uses artificial intelligence (AI) for visual claims assessments and disaster recovery, announced a $65M Series E investment led by SoftBank Vision Fund 2.Existing investors...

HK-Based Virtual Insurer OneDegree Raises $27M in Fresh Funding Round

Jun 29 2023 // OneDegree Hong Kong Ltd., a virtual insurance firm, raised $27 million in a fresh funding round to fuel an Asia expansion and investments in artificial intelligence.The company attracted fresh cash from global financial...

Michigan’s Hagerty Raises $105M

Jun 27 2023 // Hagerty, Inc., an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, announced that the company is raising $105 million in capital from existing...

Insurtech Thinksurance Raises $24M

Jun 19 2023 // Thinksurance, a Frankfurt, Germany-headquartered insurtech specializing in digital insurance consultations for commercial and industrial clients in Europe, has raised $24 million in new funding.The capital comes from new...

R&Q Announces Capital Raise of $50M-$60M, Completes Reorganization

Jun 12 2023 // R&Q Insurance Holdings, (R&Q) the non-life speciality insurer that focuses on program management and legacy insurance business, announced a capital raise of $50 million to $60 million.In addition, it has completed...