Top insurtech funding rounds, December 2023

January 2, 2024 3:17 PM

Enjoy complimentary access to top ideas and insights — selected by our editors.

There were about 20 funding events in the insurtech sector between December 1 and December 31, 2023, according to a review by Digital Insurance. What follows is a selection of these, focusing on those in the insurtech and property & casualty sectors that are part of the venture-capital financing model. (Other funding events, such as private-equity infusions, are included in the overall count.)

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 November, click here. These updates will continue monthly.

Mulberri

$6,750,000.00, Series A, Dec. 7

Type of company: Business insurance solutions for payroll and HR providers

Investors: Eos Venture Partners, MS&AD Ventures, Altamont Capital Partners, Hanover Technology Investment Management

"Our mission is to help small enterprises make data-driven risk management decisions and fulfill these needs simply, efficiently, and transparently," said Hamesh Chawla, Co-Founder and CEO of Mulberri. "Our partnerships in the HR and Payroll sector connect us with SMEs at critical points in their business lifecycle, allowing us to provide the right risk solutions at the right time. We're thrilled to partner with Eos on the next phase of our growth." (Source: Reinsurance News)

Mile Auto

$4,222,331.00, Series Unknown, Dec. 11

Type of company: Pay-per-mile auto insurance

Investors: Ulu Ventures, Florida Funders, Sure Ventures, JUMP Investors, INSEAD Angels

Understory

$1,499,997.00, Series Unknown, Dec. 6

Type of company: Insurance for severe weather risk

Investors: gener8tor, Revolution, Bradley Horowitz, Revolution's Rise of the Rest Seed Fund, True Ventures