Top insurtech funding rounds of Q1 2020
April 20, 2020 3:51 AM
David Paul Morris/Bloomberg
The insurtech industry had retained its momentum from the previous few flush years in the first part of 2020 until the Coronavirus crisis hit. Of the top 10 insurtech funding rounds from the first quarter of the year, identified from Crunchbase data by Digital Insurance, nine were announced before the U.S. announced its first COVID-19 death on Feb. 29. In March, deals has slowed, indicating that the crisis will choke off some financial flow to insurtechs. Here are the companies that got in under the wire.
Policygenius
U.S. based online brokerage
Amount: $100 million, Series D
Date: Jan. 30
Date: Jan. 30
Digit Insurance
India-based insurance services company
Amount: $84 million, series unknown
Date: Jan. 21
Date: Jan. 21
Unqork
Code-free application development for financial services
Amount: $51 million, Series B
Date: Feb. 26
Date: Feb. 26
Clearcover
Digital auto-insurance provider
Amount: $50 million, Series C
Date: Jan. 3
Date: Jan. 3
The Zebra
Austin, Tex.-based auto-insurance comparison site
Amount: $38.5 million, Series C
Date: Feb. 5
Date: Feb. 5
Ladder
Life-insurance provider
Amount: $37.5 million, Series C
Date: Feb. 21
Date: Feb. 21
At-Bay
Cyber insurance and risk management platform
Amount: $34 million, Series B
Date: Feb. 20
Date: Feb. 20
Corvus
AI-driven commercial insurance
Amount: $31.8 million, Series B
Date: Jan. 3
Date: Jan. 3
Gabi
Digital auto-insurance comparison site
Amount: $27 million, Series B
Date: Jan. 3
Date: Jan. 3
Tractable
AI platform for accident and disaster recovery
Amount: $25 million, Series C
Date: Feb. 27
Date: Feb. 27