Latest Funding Headlines

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

Insify Raises €10 million Series A Extension Led By Munich Re

Jun 9 2023 // Insify, an insurtech for SMEs, has raised an additional €10 million, bringing its total Series A funding to €25 million.Munich Re Ventures led the extension round and was joined by existing investors including global...

IICF’s Blazing the Trail Benefit Raises $540,000 for Midwest Nonprofits

May 26 2023 // Acrisure and Greg Williams honored for philanthropic and insurance industry leadershipCHICAGO, IL (May 23, 2023) – The Midwest Division of the Insurance Industry Charitable Foundation (IICF), a unique nonprofit...

AXA Venture Partners to Raise €1.5 Billion Fund for Investments in Tech Startups

May 24 2023 // AXA Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech startups, targeting companies that expect to go public within three to four years.French...

Travel Insurtech Faye Raises $10M in Series A Funding

May 23 2023 // Travel insurance startup Faye said it raised $10 million in series A funding just a year after launching its product in the U.S., bringing the company’s total funding to $18M.The round was led by Munich Re Ventures...

Obie Raises $25M Series B to Expand Embedded Insurance Technology

May 23 2023 // Insurtech Obie announced it has raised $25.5 million in a series B funding round led by Battery Ventures, with participation from Brick and Mortar VC, DivcoWest, and several real estate funds and investor...

Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round

May 17 2023 // Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers.JPMorgan Chase & Co. and Barclays Plc provided half the...

Novidea Raises $50 Million in Series C Funding

May 8 2023 // Novidea announced it raised $50 million in Series C funding, led by Battery Ventures with participation from Cross Creek – both new investors – and the company’s existing investors, Israel Growth Partners (IGP),...

INSHUR Acquires U.S. Transportation Agency ABI; Raises $26 Million

Apr 21 2023 // INSHUR, a global on-demand insurance provider, has acquired American Business Insurance Services in order to expand its operations across the U.S.The company also reported that it completed a capital raise of $26 million,...

Texas Luxury Auto Dealership Fined $15K for Firing Employee Who Raised COVID Concerns

Mar 29 2023 // When an employee of a luxury auto dealership in Austin learned a co-worker had tested positive for COVID-19 in December 2020, they alerted the company’s management and requested they notify other employees...

Insurtech Kin Increases Series D Funding Round to $109 Million

Mar 23 2023 // Kin, the direct-to-consumer home insurance company, announced it conducted a third close, an incremental $15 million, to its Series D round in the fourth quarter of 2022. The investment came from Geodesic Capital, QED...

Washington Greenhouse Gas Allowance Auction Raises $300M

Mar 10 2023 // Washington state’s first auction of greenhouse-gas pollution allowances has generated an estimated $300 million as companies, consumers and the Legislature get a glimpse of the cost of emitting greenhouse gases that...

IICF Southeast Division Raises over $1 Million for Charity at Annual Southeast Gala

Mar 9 2023 // CNA’s John Schramm & Texas Mutual’s Jeanette Ward honored with 2023 Southeast Philanthropic Leadership AwardDallas, TX., March 3, 2023 – The Insurance Industry Charitable Foundation (IICF), a unique...

Ariel Re Raises $270M of Capital to Support Growth Opportunities

Mar 6 2023 // Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth...

Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO

Mar 2 2023 // F88 Investment JSC, a financial services firm, has raised at least $47 million from Vietnam-Oman Investment Fund, or VOI, and Mekong Capital Fund IV, to fuel expansions of its distribution network and digital business...

Hong Kong’s FWD Group Raises $1.8 Billion in Private Placements Over Past 2 Years

Feb 28 2023 // FWD Group Holdings Ltd. raised a total of $1.8 billion in private placements over the past two years, as the pan-Asian insurance company owned by Hong Kong billionaire Richard Li moves a step closer to its planned initial...

Goose Insurance Closes $4M Series A Funding Round

Feb 17 2023 // Goose Insurance Services announced that it closed a $4 million Series A funding round led by Axis Insurance Managers, with participation from Impression Ventures, Real Ventures, and Manchester Story.The Vancouver-based...

Indian Insurtech Startup InsuranceDekho Raises $150 Million to Grow SME Business

Feb 14 2023 // Indian fintech startup InsuranceDekho raised $150 million from a clutch of investors led by Goldman Sachs Asset Management, an unusually large investment round that will help it target an under-served domestic market.TVS...

India’s Digit Insurance to Refile Papers for $440M IPO After Regulator Raises Concerns

Jan 31 2023 // Digit Insurance will refile papers for its $440 million initial public offering (IPO), the company told Reuters on Tuesday, after India’s market regulator raised certain compliance issues with employee stock plans in...

Chinese Regulators Approve Capital Raise of $1.5B for Ant Group

Jan 6 2023 // HONG KONG (AP) – Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off...

UK Insurtech, Send Technology, Raises £9 Million to Expand in UK and U.S.

Nov 16 2022 // Send Technology Solutions Ltd., the London-based insurtech, announced it has closed a Series A funding investment of £9 million ($10.7 million). The round was led by Venture Capital firm Breega with participation from...