venture financing News
Digital Platform Operator Wefox Raised $235M This Year for Global Expansion
German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to ...
Openly, a Home Insurance InsurTech, Launches in Two States, Raises $7.65M
The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, ...
CyberCube Analytics Pulls in $35M Financing, With Plans to Broaden Marketing Efforts
CyberCube Analytics, a cyber risk analytics startup focused on the insurance industry, pulled in a $35 million financing to help fuel further growth. The San Francisco-based InsurTech said it will ...
DataCubes Pulls in $15.2M Financing for Commercial Underwriting Decision Platform
DataCubes, developer of a platform designed to help commercial insurance carriers make underwriting decisions, has closed a $15.2 million round of financing. Plans for the money involve investment in ...
Verifly Becomes Thimble and Raises $22M to Fuel On-Demand Insurance Growth
Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance. Existing ...
Next Insurance Pulls in $250M Financing from Partner Munich Re
InsurTech startup Next Insurance has pulled in a $250 million financing round from a single investor: Munich Re. Palo Alto-based Next said it plans to use the Series C cash infusion to scale up its ...
Global Insurance Accelerator Boosts Seed Funding for Participating InsurTechs
The Global Insurance Accelerator said it is nearly doubling its seed funding for participating InsurTechs, starting with companies accepted into the program in 2020. A desire to stay competitive is ...
Lockton Joins $32 Million Funding for Bold Penguin, a Commercial Lines InsurTech
Bold Penguin, a commercial insurance technology provider in Columbus, Ohio, said it has completed a $32 million Series B funding round, bringing the total capital it has raised to more than $50 ...