Mylo, an insurance digital broker, raised $28 million in a Series A funding round led by Guggenheim Partners. Waller Helms Advisors acted as exclusive financial advisor to Mylo and Lockton Companies in the transaction. Mylo was launched by Lockton Companies in 2015 to provide a quick,
San Francisco AI startup Zesty.ai secured a Series A financing round of $13 million led by Luxembourg-based private investment fund Blamar. Plug & Play Ventures and existing investors also participated in the round. Zesty.ai’s goal is to harnesses the power of artificial intelligence to help property
Ethical life insurance company Ethos raised $35 million in a Series B financing round led by Accel, a leading early and growth-stage venture capital firm. Additional participating investors included Google Ventures (GV), previous investors Sequoia Capital and Arrive (a subsidiary of Roc Nation), and a
Mobile-first insurance platform Cover closed a $16 million Series B round led by Tribe Capital, with participation from Y Combinator, Social Capital, Exor, and Samsung Ventures. Launched in 2016 via the Y Combinator startup accelerator, Cover's goal is to streamline the insurance buying process through
Covr Financial Technologies, a digital, multi-carrier life insurance platform for financial institutions, raised $10 million in Series A funding. Individual and family investors and current venture partners Nyca Partners, Commerce Ventures, Contour Venture Partners, and Connectivity Capital Partners were joined in the round by new
Touted as the first and only car insurance company to incorporate individual driving behavior in every quote, Root Insurance, closed $100 million in Series D funding. This latest round, led by Tiger Global Management, raises Root’s valuation to $1 billion. Redpoint Ventures, Ribbit Capital, and
Small business market provider Pie Insurance completed an $11 million Series A funding round led by Greycroft, and included participation from Aspect Ventures, Sirius Group, Moxley Holdings, and Elefund. According to the company’s predictive model, eighty percent of small businesses are overpaying for workers’ compensation coverage,
National title insurance and escrow company Spruce secured $15.6 million in new venture capital from investors Bessemer Venture Partners, Omidyar Network, and Collaborative Fund, bringing the startup's total Series A financing to $19.1 million. Launched in 2016 as the first digital-native title company, Spruce is
Groundspeed Analytics, an insurance technology company specializing in artificial intelligence and data science solutions, closed a $30 million Series B funding round led by Oak HC/FT. Founded in 2016, Groundspeed focuses on solving the $800 billion global commercial property and casualty insurance industry’s toughest data
Metromile Inc., a San Francisco-based startup, closed $90 million in Series E funding co-led by leading insurance companies Tokio Marine Holdings and Intact Financial. The financing included participation from existing and new investors NEA, Index, Future Fund and Section 32, the venture capital firm founded