Top insurtech funding rounds, Dec. 2021

January 3, 2022 6:59 AM

There were 30 funding rounds in the insurtech sector between Dec. 1 and Dec. 29, 2021, according to a review by Digital Insurance. What follows is a selection of the funding rounds. A portion of the data was sourced from Crunchbase. For our previous edition, which covered the month of November, click here. These updates will continue monthly.

AgentSync

$75 million, Series B, Dec. 7

Description: Digital insurance producer management platform
Round leader: Valor Equity Partners
Other participants: Craft Ventures, Tiger Global, Atreides Management, Anthemis

“The products they're building upstream and downstream of the core AgentSync producer management solution position the company as the clear leader, and I look forward to supporting the team as they continue to grow." - Antonio Gracias, CEO of Valor Equity Partners

Genasys

$16.5 million, series unknown, Dec. 13

Description: Policy administration platform
Round leader: Frog Capital

“The company has already created an industry leading modular state-of-the-art platform that is gaining increasing momentum in a transforming ecosystem. The platform allows its customers a much faster time to market.” - Jens Düing, Senior Partner at Frog Capital

PlanGap

$9.4 million, Series A, Dec. 13

Description: “Trigger-based” annuity and life products
Round leader: Cultivation Capital

“PlanGap’s intellectual property, technology and product designs have enabled the insurance industry to provide Americans with new opportunities for control and peace of mind in their retirement income planning.” - Cliff Holekamp, co-founder and managing director at Cultivation Capital

Herald

$8 million, seed round, Dec. 15

Description: Digital infrastructure and APIs for commercial insurance
Round leader: Lightspeed Venture Partners
Other participants: Underscore and Afore Capital

“By building best-in-class tools for software developers, Herald will continue to unlock the necessary innovation on both the carrier and distribution side of the market to move commercial insurance online.” – Yoni Cheifetz, partner at Lightspeed Ventures

Delos Insurance Solutions

$53 million, seed, Dec. 1

Description: MGA for catastrophe insurance, especially wildfires
Round leader: IA Capital
Other participants: Avanta Ventures, Red Dog Capital, Futureland Syndicate

"We are impressed by the robust science behind Delos' innovative wildfire underwriting model. Delos has developed a creative and viable solution to the persistent problem of insuring homes in areas under threat of wildfire. We are pleased to support them as they expand in California and beyond." – Matt Perlman, Partner at IA Capital