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The top five property and casualty insurance equity deals in the third quarter of 2024 brought in more than $440 million in funding — roughly 80% of the total amassed by the top 10 ranked deals.
The Leawood, Kansas-based pet insurance firm Companion Protect, New York-based claims guidance provider EvolutionIQ and Wakefield, Massachusetts-based insurance firm eMaxx were all tied for eighth place, each with $20 million deals. Companion Protect and EvolutionIQ executed series A and C funding rounds respectively, while eMaxx closed a series F round.
Read on to see which deals took top billing in Q3 2024.
Data courtesy of CB Insights.
| Rank | Company | Round Amount | Round | Date | Round Valuation | Select Investors | Country | % of total funding |
|---|---|---|---|---|---|---|---|---|
| 1 | Altana AI | $200M | Series C | 2024-07-29 | $1.0B | US Innovative Technology Fund, Activate Capital, Google Ventures OMERS Ventures, Floating Point Group | United States | 27.9% |
| 2 | Akur8 | $120M | Series C | 2024-09-16 | N/A | One Peak Partners, Guidewire Software, Partners Group | France | 16.70% |
| 3 | Cowbell Cyber | $60M | Series C | 2024-07-26 | N/A | Holmes Murphy, Nyca Partners, Permira PruVen Capital, Zurich Insurance Group | United States | 8.40% |
| 4 | Neat | $33M | Series A | 2024-09-10 | N/A | Hedosophia, Mundi Ventures, Athletico Ventures, ETFS Capital | France | 4.60% |
| 5 | Faye | $31M | Series B | 2024-07-30 | N/A | Portage, F2 Venture Capital, Munich Re Ventures, Viola Ventures, Lumir Ventures | United States | 4.30% |
| 6 | Onsurity Technologies | $26M | Series B | 2024-09-13 | N/A | Creaegis, Nexus Venture Partners, Quona Capital | India | 3.60% |
| 7 | Roots Automation | $22M | Series B | 2024-09-17 | N/A | Harbert Growth Partners, Liberty Mutual Strategic Ventures, MissionOG, Vestigo Ventures | United States | 3.10% |
| 8 (tie) | Companion Protect | $20M | Series A | 2024-08-13 | N/A | Avanta Ventures, Liberty Mutual Insurance, Old Republic International, Stray Dog Capital | United States | 2.80% |
| 8 (tie) | EvolutionIQ | $20M | Series C | 2024-08-14 | N/A | Amasia, First Round Capital | United States | 2.80% |
| 8 (tie) | eMaxx | $20M | Series F | 2024-09-25 | N/A | Undisclosed Investors | United States | 2.80% |
