Funding Rounds

UK InsurTech companies saw their funding double in 2023 compared to the previous year, defying global trends from across the sector.

UK InsurTech funding defies global trends

UK InsurTech companies saw their funding double in 2023 compared to the previous year, defying global trends from across the sector.
InsurTech Ansel, formerly known as Brella, has successfully raised $20m to expand access to the simplified supplemental insurance market. 

Ansel secures $20m in funding round led by Portage

InsurTech Ansel, formerly known as Brella, has successfully raised $20m to expand access to the simplified supplemental insurance market. 
Keystone Agency Partners (KAP), the prominent insurance brokerage platform, has secured an additional $330m in financing, surpassing a total raised capital of $1bn.

Keystone Agency Partners surpasses $1bn in capital raised with additional $330m financing boost

Keystone Agency Partners (KAP), the prominent insurance brokerage platform, has secured an additional $330m in financing, surpassing a total raised capital of $1bn.
Lemonade announces extension of CAC financing agreement with General Catalyst

Lemonade announces extension of CAC financing agreement with General Catalyst

Lemonade and General Catalyst (GC) – AKA ‘Synthetic Agents’ – have announced the extension and expansion of their financing relationship, solidifying their partnership goal to fuel Lemonade’s...
Bharatsure, a Mumbai-based Insurtech startup specialising in Infrastructure-as-a-Service (IaaS) solutions for insurance distributors, has secured $1m in its latest funding round.

Mumbai-based InsurTech Bharatsure bags $1m in latest funding round

Bharatsure, a Mumbai-based Insurtech startup specialising in Infrastructure-as-a-Service (IaaS) solutions, has secured $1m in its latest funding round.
Korr, a New York City-based InsurTech startup, has successfully bagged $3.2m in their seed funding round.

New York-based InsurTech Korr lands $3.2m in seed round led by Motive Ventures

Korr, a New York City-based InsurTech startup, has successfully bagged $3.2m in their seed funding round.
hyperexponential lands £73m in Series B backed by major US VCs

hyperexponential lands $73m in Series B backed by major US VCs

hyperexponential, a global leader in pricing decision intelligence (PDI) software, has concluded a £73m Series B funding round which was funded by a host of major US Venture Capitalists (VCs).
Rainbow

Rainbow secures $12m for small business insurance innovation

Rainbow, a digital managing general underwriter specialising in small business insurance, has recently secured a significant $12 million in seed funding.
Mumbai's InsurTech pioneer Riskcovry secures $4.5m in latest funding round

Mumbai’s InsurTech pioneer Riskcovry secures $4.5m in latest funding round

Riskcovry, a Mumbai-based InsurTech startup, has raised around $4.5m in a bridge funding round.
UK Insurtech CatX secures $2.7m to bridge reinsurance gap

UK Insurtech CatX secures $2.7m to bridge reinsurance gap

UK InsurTech startup CatX has successfully raised $2.7m in seed funding as the company looks to bridge the gap between supply and demand in the reinsurance sector.

News Stories

Starpeak secures August Equity investment

Starpeak secures August Equity investment

August Equity, a UK-based private equity investor focused on lower-mid-market businesses, has agreed to invest in Starpeak, a specialist insurance distributor serving niche personal...

AEGIS London and Augentic unveil digital consortium

AEGIS London, a top-quartile Lloyd's syndicate, and Augentic, a tech-enabled MGA, have joined forces to launch a new cross-class digital follow consortium within the...
Why insurance’s distribution data goldmine matters now

Why insurance’s distribution data goldmine matters now

Insurance distribution has traditionally been treated as an operational challenge. Carriers, MGAs and agencies have invested in technology to onboard producers, manage licences and...

Alliant Insurance buys Nava in AI benefits push

Alliant Insurance Services, one of the largest insurance brokers and consultants in the US, has agreed to acquire Nava Benefits, the AI-native employee benefits...
RockRose Risk lands $12.5m to reshape wildfire insurance

RockRose Risk lands $12.5m to reshape wildfire insurance

RockRose Risk, the insurance brokerage that rewards property owners for reducing wildfire exposure, has completed a $12.5m Series A round. The financing was jointly led...
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