Funding Rounds

Fruga secures £1m to bring open banking to insurance

Fruga secures £1m to bring open banking to insurance

Fruga, a Manchester-based InsurTech scaleup using open banking to lower renewal premiums, has secured £1m in funding to expand its technology and help consumers...
Bind AI raises $10m to automate commercial insurance

Bind AI raises $10m to automate commercial insurance

Insurance technology start-up Bind AI has secured $10m in venture funding as it looks to automate the administrative processes that consume much of commercial...
Ledgebrook raises $200m to scale AI underwriting for complex risks

Ledgebrook raises $200m to scale AI underwriting for complex risks

Ledgebrook, a Boston-based InsurTech specialising in complex commercial risks, has raised $200m in primary equity funding to expand its AI-native underwriting platform in the...
Polygrade's $6.3m raise targets the cost base of warranty claims

Polygrade’s $6.3m raise targets the cost base of warranty claims

Polygrade, a Toronto-based provider of AI-driven claims management software for the warranty sector, has come out of stealth with $6.3m from Construct Capital, American...
Insurance broker Konsileo lands £5m equity investment

Insurance broker Konsileo lands £5m equity investment

Konsileo, a UK chartered insurance broker built around an empowered broker model, has closed a £5m equity raise intended to drive the next stage...
Nettle bags $4.8m seed to scale AI for Loss Control

Nettle bags $4.8m seed to scale AI for Loss Control

Nettle, an InsurTech offering an AI-powered workspace for loss control, has closed an oversubscribed $4.8m seed round to take its platform to insurers worldwide. MTech...
FRANK

FRANK lands €2.9m to free brokers from back-office work

Portuguese InsurTech FRANK, the developer of an AI-powered platform built for insurance brokers, has secured €2.9m in a round co-led by Armilar and Start...
Elio Mortgage's $5.1m raise tests the AI-native operator model

Elio Mortgage’s $5.1m raise tests the AI-native operator model

Elio Mortgage, a New York firm that operates its own licensed lending business using an in-house AI platform, has launched publicly after securing $5.1m...
Corridor

Corridor raises $25m to fix small business health cover

Corridor, an AI-native benefits brokerage built to serve small businesses, has launched with $25m in seed funding as it looks to close the gap...
FintechOS lands $28m to scale AI-native platform

FintechOS lands $28m to scale AI-native platform

FintechOS, the agentic platform for Unified Product Operations, serving banks, insurers and other financial services companies across the United States and Europe, has closed...

News Stories

Experian Health buys eInsights to boost insurance discovery

Experian Health, the healthcare arm of global data and technology business Experian, has acquired eInsights, a healthcare technology firm that helps providers locate patient...
Donegal expands ZestyAI deal to sharpen property risk

Donegal expands ZestyAI deal to sharpen property risk

Donegal Insurance Group, a US property and casualty insurer, has broadened its existing relationship with InsurTech firm ZestyAI by adopting the Z-PROPERTY solution to...
Slingshot Insurance emerges from stealth with $27m seed to power AI-native embedded insurance. Read the full story.

Slingshot Insurance lands $27m to power embedded cover

Slingshot Insurance, an AI-native insurer focused on the embedded economy, has launched publicly after operating in stealth, backed by a $27m seed round. Rally Ventures...
Earnix warns against delaying insurance pricing modernisation

The hidden costs of replacing insurance core systems

Insurers could delay the benefits of better pricing and underwriting by making them dependent on lengthy core system replacements, with Earnix advocating a more...
Earnix tackles fragmented AI adoption across insurance

Earnix tackles fragmented AI adoption across insurance

Insurers are investing heavily in artificial intelligence, but fragmented systems and disconnected teams risk preventing the technology from delivering its full value, according to...
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