Top insurtech funding rounds, Feb. 2022

March 2, 2022 7:29 AM

There were 34 funding rounds in the insurtech sector between Feb. 1 and Feb. 28, 2022, according to a review by Digital Insurance. What follows is a selection of the funding rounds, focusing on those in the P&C and life insurance sectors that are part of the venture-capital financing model.

A portion of the data was sourced from Crunchbase. Other information, including quotes from investing VCs, comes from company announcements. For our previous edition, which covered the month of January, click here. These updates will continue monthly.

Seyna

$36 million, Series A, Feb. 9

Description: Core systems for insurance brokers
Round leader:White Star Capital, Elaia Partners
Other participants: Global Founders Capital, Allianz, la Financière St James

“Seyna has nailed the right spot in this market by empowering brokers with both insurance capabilities and supporting software. But Seyna’s team is definitively its most valuable asset: we have been impressed by their strong drive, solid achievements to date, and impressive execution-driven mindset. We strongly believe in their ability to deliver their ambitious vision, and we are very proud to back them in this new phase.” – Armelle de Tinguy, Investment Director at Elaia

Tint.ai

$25 million, Series A, Feb. 1

Description: Embedded insurance platform
Round leader: QED Investors
Other participants: Nyca, Deciens, Y Combinator, Webb Investment Network

“We believe insurance is critical to driving innovation in our economy. Tint enables startups to offer insurance and non-insurance guarantees that are essential for customers to adopt new products and experiences that Tint’s partners are building. The team at Tint combines deep experience with an insatiable curiosity and customer focus; and their customer list is already populated by some of the most exciting startups in the world.” – Amias Gerety, partner, QED Investors

Insify

$16 million, Series A, Feb. 10

Description: Small business insurance digital brokerage
Round leader: Accel
Other participants: Visionaries Club, Frontline Ventures, Fly Ventures

“Legacy insurers have neglected European entrepreneurs and SMEs for years, providing them with a sub-par experience and overpriced premiums. Insify is challenging the status quo with a delightful and seamless end-to-end digital customer journey, underpinned by its world-class data analytics and continuous underwriting technology. – Luca Bocchio, partner, Accel

FloodFlash

$15 million, Series A, Feb. 10

Description: Parametric insurer for flood
Round leader: Buoyant Ventures
Other participants: Munich Re Ventures, Sony Financial Ventures, MS&AD Ventures, PropTech1