10 largest P&C insurance equity deals of Q3'24

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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%

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