Key Global InsurTech investment stats in Q1 – Q3 2026:
- Global InsurTech funding grew 57% YoY in Q1 – Q3
- US retained its position as the main Global InsurTech hub as companies based in the country secured over half of all deals
- Lassie, a prevention-first pet insurer that combines insurance coverage with everyday pet care, raised $75m in a Series C round, making it one of the biggest InsurTech deals of the period
Global InsurTech funding grew 57% YoY in Q1 – Q3
Global InsurTech companies raised $3.5bn across 207 deals in the first three quarters of 2026, up 57% in funding and 0.5% in deal volume from the $2.2bn and 206 transactions recorded in the equivalent period of 2025.
Funding grew sharply while deal activity was effectively flat, pointing to a significant increase in average deal sizes.
Average deal size rose to $17.1m in the first three quarters of 2026, compared with $10.9m in the same period a year earlier.
Investors appear to have committed considerably more capital to a similar number of transactions.
US retained its position as the main Global InsurTech hub as companies based in the country secured over half of all deals
The US extended its dominance of global InsurTech investment activity in the first three quarters of 2026, with companies based in the country completing 115 deals,a 56% share of all transactions globally.
This compares with 110 deals and a 53% share in the equivalent period of 2025, a 5% rise in volume that also strengthened its proportional standing.
The UK held second place in both periods, rising from 20 deals and a 10% share to 21 deals and a 10% share, a 5% increase in volume that left its share of overall activity unchanged.
France entered the top three with 10 deals and a 5% share, displacing Germany, which had held third place in the first three quarters of 2025 with seven deals and a 3% share but did not feature in the equivalent ranking in the more recent period.
France’s arrival and Germany’s exit points to a shift in which continental European market is attracting InsurTech activity, while the US and UK maintained their clear lead at the top of the ranking.
Lassie, a prevention-first pet insurer that combines insurance coverage with everyday pet care, raised $75m in a Series C round, making it one of the biggest InsurTech deals of the period
The round was backed by Balderton Capital, Felix Capital, Inventure, Passion Capital and Stena Sessan.
Founded in Stockholm, the company currently operates in Sweden, Germany and France, insuring around 250,000 pets, and reports more than $100m in annual recurring revenue.
Automation sits at the heart of its operating model, with around 60% of claims in Germany now processed end to end in approximately six minutes.
The company’s app-based approach drives daily engagement well above industry norms, with active usage of around 25% against a sector average of 8 to 9%.
Lassie is targeting a fast-growing market, with the global pet insurance sector forecast to reach around $80bn by 2033, driven by rising veterinary costs and shifting attitudes to pet ownership across Europe.
Proceeds will be used to accelerate expansion into further European markets.
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