12 insurtech funding deals from summer 2018
November 5, 2018 5:14 AM
Insurtech funding rounds continue fast and furious. Here are some from the second and third quarters of 2018.
Golia, Nathan
Pie
Type of company: Digital distributed workers’ compensation for small businesses
Amount: $11 million, Series A
Key investors: Greycroft, Aspect Ventures
Amount: $11 million, Series A
Key investors: Greycroft, Aspect Ventures
Golia, Nathan
Socotra
Type of company: Cloud-based insurance core systes
Amount: $6 million, Series A
Key investors: 8VC
Amount: $6 million, Series A
Key investors: 8VC
Golia, Nathan
Tomorrow
Type of company: Mobile app for financial management
Amount: $4.2 million
Key investors: Aflac, Allianz
Amount: $4.2 million
Key investors: Aflac, Allianz
Golia, Nathan
Root
Type of company: Usage-based insurance, digital distribution
Amount: $100 million, Series D
Key investors: Tiger Global Management, Redpoint Ventures, Ribbit Capital, and Scale Venture Partners
Amount: $100 million, Series D
Key investors: Tiger Global Management, Redpoint Ventures, Ribbit Capital, and Scale Venture Partners
Golia, Nathan
PAI Health
Type of company: Personal health information
Amount: $9 million
Key investors: Undisclosed
Amount: $9 million
Key investors: Undisclosed
Golia, Nathan
Sana
Type of company: Digital TPA for benefits
Amount: Undisclosed
Key investors: Greenlight Re
Amount: Undisclosed
Key investors: Greenlight Re
Golia, Nathan
Kittyhawk
Type of company: Drone as a service
Amount: $3 million
Key investors: Travelers
Amount: $3 million
Key investors: Travelers
Golia, Nathan
Slice
Type of company: Turnkey episodic insurance
Amount: $20 million, Series A
Key investors: XL Innovate, Horizons, Munich Re/HSB Ventures, SOMPO, Veronorte, the investment arm of Grupo Sura, and JetBlue Technology Ventures
Amount: $20 million, Series A
Key investors: XL Innovate, Horizons, Munich Re/HSB Ventures, SOMPO, Veronorte, the investment arm of Grupo Sura, and JetBlue Technology Ventures
Golia, Nathan
Setoo
Type of company: Turnkey point-of-sale insurance
Amount: $9.3 million, Series A
Key investors: AXA
Amount: $9.3 million, Series A
Key investors: AXA
Golia, Nathan
Ushur
Type of company: AI for insurance claims
Amount: $12 million, Series A
Key investors: 8VC
Amount: $12 million, Series A
Key investors: 8VC
Golia, Nathan
Ethos
Type of company: Digitally distributed life insurance
Amount: $35 million, Series B
Key investors: Google Ventures, Accel
Amount: $35 million, Series B
Key investors: Google Ventures, Accel
Golia, Nathan
Omni.us
Type of company: AI for insurance customer experience
Amount: $22.5 million, Series A
Key investors: Target Global, MMC Ventures
Amount: $22.5 million, Series A
Key investors: Target Global, MMC Ventures