Allianz bumps up VC fund size to ?1bn with eyes on InsurTechs
Allianz X, the VC arm of insurance giant Allianz has upped its fund size to ?1bn after securing additional investment from?the parent company.The fund's...
It’s still a ‘minefield’ of challenges facing the InsurTech space
Getting InsurTechs to the point where they can test the product-market fit of their proposition is too prolonged and costly, according to InsurTech Gateway head of deal flow Charlie Evans.
Clover Health bags $500m in latest funding round
InsurTech Clover Health has reportedly raised $500m in a funding round led by existing backer Greenoaks Capital.
The round which is set to close in the...
Santam picks up minority stake in Ctrl
South African Insurance major Santam has made a minority investment in InsurTech start-up CTRL.
Ctrl provides short-term car and house insurance through an independent advice app,...
Turtlemint secures $25m of funding in Sequoia India-led round
Indian InsurTech Turtlemint has raised $25m in a funding round led by Sequoia India.The long-time FinTech investor was joined in the round by existing...
China’s Dongguan launches CNY1.5bn fund of funds to boost fintech, cutting edge industry
The Chinese city of Dongguan has launched a CNY1.5bn ($217m) fund of funds vehicle looking to boost investment in the region across areas including fintech, smart manufacturing and mass consumption.
Odysseus, APICIL launch €10m dedicated InsurTech fund
Odysseus Alternative Ventures has partnered with APICIL Group to launch a new InsurTech-dedicated investment fund.
MAPFRE invests €25m in Mundi Ventures InsurTech fund
Global insurance group MAPFRE has become the anchor investor in Mundi Ventures’ Alma Mundi Insurtech Fund, FCRE after committing €25m.
The venture fund will focus...
Analytics business Understory raises $7.5m
Weather network and data business Understory has raised $7.5m in a funding round led by 4490 Ventures.
Understory processes data from forecasted weather events to...
Aflac increases investment fund’s capital pool to $250m
Aflac has increased the capital pool for its venture capital division to $250m.
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