Latest Startups Headlines

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

Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change

Apr 20 2021 // KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually low rainfall, disaster was averted thanks to a simple remedy that was previously unavailable...

Insurance Startup Clearcover Raises $200M, Creating Unicorn Valued at $1B: Reuters

Apr 13 2021 // Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angeles Dodgers owner Todd Boehly, the digital car-insurance startup will...

Applied Analytics Isn’t Just for Insurers. Startups Help Claimants Get In On the Action.

Apr 9 2021 // Lee Fogle reached down to save his 12-lb. Yorkshire terrier Nemo as a pit bull lunged forward. The attacking dog’s jaws clamped onto his left hand, sending him to a clinic for sutures and starting a 10-month-long...

Smart Home Insurance Specialist, Hiro, Partners with MGA Incubator Pro MGA Solutions

Apr 8 2021 // Independent global managing general agency incubator platform Pro MGA Solutions (Pro.MS) announced it has partnered with smart home insurance specialist Hiro.London-based Hiro has developed a home insurance product that...

A New Kind of Startup

Mar 22 2021 // It is estimated that entrepreneurs created between 6,000 and 8,000 new independent insurance agencies over the last decade. Each of these entrepreneurs sought to create their own unique vision of the future. But their...

Startup Auto Insurer Root Reports $363M Loss in 2020; Will Spend to Grow in 2021

Mar 4 2021 // Root Inc.’s second earnings report as a public company reveals that the digital auto insurance startup continues to lose substantial amounts of money but it is generating substantial premium and customer growth...

Alphabet-Backed Startup Insurer Oscar Health Raises $1.2 Billion in IPO

Mar 3 2021 // Oscar Health Inc., a health insurance startup backed by Google parent Alphabet Inc., sold shares in its initial public offering (IPO) on Tuesday at $39 apiece, above its target range, to raise $1.2 billion.The IPO gives...

AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO

Feb 10 2021 // Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay...

UK Insurtech Zego Partners with Irish Mobility Startup Brite to Offer Electric Fleet Cover

Feb 9 2021 // Irish mobility startup Brite has partnered with London-based mobility insurance provider Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland.The partnership between Brite and Zego means...

SEC Sues Giuliani Associates Parnas, Correia Alleging Fraud Over Insurance Startup

Feb 4 2021 // The U.S. Securities and Exchange Commission sued two associates of Rudy Giuliani, the former New York City mayor and lawyer for Donald Trump, alleging they defrauded investors of $2 million in a company that never got off...

Insurance Verification Startup TrustLayer Raises $6.6M from BrokerTech, Ventures

Feb 3 2021 // TrustLayer, developer of a proof-of-insurance risk management platform, has raised $6.6 million in seed funding from venture investors, insurance brokers and others.“Verification of insurance and business credentials...

Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition

Jan 22 2021 // The submission deadline for the 2021 InsurTech Early-Stage Competition is approaching on January 29, 2021.Global insurtech hub InsurTech NY and the Bermuda Business Development Agency (BDA), Bermuda’s independent...

Startup Loop Wins Funding for Fairer Auto Insurance Rating Model That Uses AI

Jan 19 2021 // Loop, a managing general agency focused on building an auto insurance model that does not utilize credit scores and ZIP codes, announced the close of a $3.25 million seed round last week.Freestyle.VC led the funding round,...

Business Startups Surged Amid Covid-19 Pandemic

Jan 19 2021 // The surge of U.S. business formations in the back half of 2020 has been one of the pandemic’s many surprises.After cratering by 30% in the weeks following the March lockdowns, paperwork filed by prospective...

Insurance Veterans Lead Confianza, Big Data Analytics Startup for Smaller Insurers

Jan 19 2021 // Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers.One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity,...

Judge Throws Out Apple Copyright Claims Against Security Software Startup Corellium

Dec 30 2020 // A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the...

German Insurtech Startup Wefox Expects Profitable 2021

Dec 15 2020 // BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an...

UK Insurtech Startup battleface Raises $12M in Funding from U.S. Venture Capital Firm

Dec 11 2020 // UK startup battleface Inc., a company that specializes in tech-enabled global travel insurance, announced a $12-million Series A financing round from Drive Capital, a Columbus, Ohio-based venture capital firm. The...

Why It’s a Good Time for Insurtechs to Be Thinking About Mergers

Oct 30 2020 // The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes.“InsurTech is...

Startup Auto Insurer Root Raises $724.4 Million in IPO

Oct 28 2020 // Automobile insurance startup Root Inc. sold shares in its initial public offering (IPO) on Tuesday at $27 apiece, above its target range, to raise $724.4 million, the company said.Root, which has $200 million in debt, sold...