Key Global InsurTech investment stats in Q1 2025:
- Global InsurTech investments increase by two-thirds QoQ in Q1 2025
- Average deal value rose to $13.6m as investors’ interest recovers
- Azos, a Brazilian InsurTech focused on delivering accessible life insurance solutions, secured one of the largest InsurTech deals of the quarter with a $30.5m Series B round
Global InsurTech investments increase by two-thirds QoQ in Q1 2025
In Q1 2025, the global InsurTech sector recorded 55 deals, down 15% from the 65 deals completed in Q1 2024.
However, this marked a 41% increase compared to the 39 deals closed in Q4 2024, indicating a moderate rebound in transaction volume following a subdued end to 2024.
While the sector hasn’t returned to early 2024 activity levels, the upward trend suggests improving investor sentiment entering 2025.
Funding in Q1 2025 reached $746m, a slight increase of 4% from the $718m raised in Q1 2024 and up significantly—by 68%—from the $444m secured in Q4 2024.
This positive shift in capital inflow highlights a recovering funding environment, with investors showing a renewed willingness to back InsurTech ventures following a cautious close to the previous year.
Average deal value rose to $13.6m as investors’ interest recovers
The average deal size in Q1 2025 was $13.6m, up from $11.4m in Q1 2024 and a notable rise from $11m in Q4 2024 as well.
This growth in average deal value suggests investors are increasingly targeting mid-sized or strategically promising companies rather than spreading capital thinly across numerous smaller firms.
As the sector stabilises, capital appears to be concentrating around scalable or differentiated InsurTech propositions.
Azos, a Brazilian InsurTech focused on delivering accessible life insurance solutions, secured one of the largest InsurTech deals of the quarter with a $30.5m Series B round
The funding round was led by Lightrock, alongside Kaszek Ventures, Prosus, Munich Re Ventures, Maya Capital, and early Facebook investor Kevin Efrusy.
With a mission to democratise financial protection in a market where 82% of the population lacks active life insurance, Azos has built a strong presence through its tech-enabled, broker-aligned approach and a rapidly growing national footprint.
The company has issued approximately $10.8bn in insured capital to date and experienced exponential growth in 2024, doubling its policy issuance and increasing premium volume by more than 2.5 times, all while maintaining a Net Promoter Score above 80.
This latest capital infusion will bolster Azos’s proprietary technology, fuel its product development pipeline, and expand its distribution capabilities across Brazil’s underserved life insurance market, solidifying its position as a leading InsurTech player in Latin America.
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