TowerIQ, a market neutral communication platform for the insurance industry, secured $2 million in a seed funding round led by Hyperplane Venture Capital, and additional investments from Vestigo Ventures and Clocktower Ventures. TowerIQ partners with insurance brokers, agents, and carriers to provide policy holders to
Next Insurance, a digital insurance company for small businesses, secured $83 million in a Series B round led by Redpoint Ventures. Other investors that participated in the round include Nationwide, Munich Re, American Express Ventures, Ribbit Capital, TLV Partners, SGVC, and Zeev Ventures. Elliot Geidt,
REIN, an insurtech company offering a flexible, data-driven platform designed to create usage-based insurance products, closed $7.3 million in venture funding capital secured from investors Liberty Mutual Strategic Ventures and Kiplin Capital. Individual and family office investors for the round include Jason Griswold (founder, Brown
Cape Analytics, a provider of accurate, up-to-date property data for insurers and reinsurers, secured $17 million in new financing led by XL Innovate, an insurance technology-focused venture fund. The round also included backing from The Hartford, Nephila, CSAA Insurance Group (a AAA insurer), The Cincinnati
Kin Insurance, a home insurance insurtech startup, secured $13 million in funding backed by the Silicon Valley VC firm August Capital. Previously, Kin raised $4 million from leading venture capitalists and angel investors, among them Commerce Ventures, Omidyar Network, 500 Startups, Chicago Ventures, and Portag3
Consumer life insurance platform Bestow Inc., closed $15 million in Series A funding led by Valar Ventures, with participation from existing investors New Enterprise Associates (NEA), Core Innovation Capital, 8VC, and Morpheus Ventures. The company believes that less than 44% of households have individual life
Israel-based startup Atidot acquired $5 million in a Series A funding round led by Vertex Ventures, with the participation of existing investors The D.E. Shaw Group, Moneta Seeds, and Bank Hapoalim. The company’s easy-to-use SaaS predictive analytics platform harnesses advanced artificial intelligence and machine learning that
Root Insurance, a car insurance company that incorporates individual driving behavior in every quote, announced today the closing of a $51 million Series C funding round led by Redpoint Ventures. Scale Venture Partners and existing partners Ribbit Capital and Silicon Valley Bank Capital Partners also
Coalition, Inc., a technology-enabled cyber insurance solution, announced today that it raised $10 million in Series A funding from leading technology investors, including Vy Capital; Ribbit Capital; Valor Equity Partners; Sam Altman, president of Y Combinator; and Deep Nishar, senior managing director of Softbank Vision
Gabi, which provides a free, online "personal insurance shopper," has raised $9.5 million in Series A funding led by Canvas Ventures. Also joining the round were Correlation Ventures, Northwestern Mutual Future Ventures, Securian Ventures and prior investors A.Capital Ventures and Project A. Gabi, based in