Top insurtech funding rounds, December 2024

Office windows at the Taunustor skyscraper office property in the financial district in Frankfurt, Germany.
Alex Kraus/Bloomberg

There were about 39 funding events in the insurtech sector between December 1 and December 31, 2024, 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.

Stand

  • $30,000,000.00, Series A, December 16
  • Type of company: Homeowners insurance using physics and AI to evaluate risk
  • Investors: Lowercarbon Capital, Inspired Capital Partners, Equal Ventures, Convective Capital

DPL Financial Partners

  • $23,000,000.00, Series C, December 3 
  • Type of company: RIA insurance solutions
  • Investors: Eos Ventures, TIAA, Eldridge Industries, Atlas Merchant Capital

"We've been impressed by DPL's growth trajectory and leadership position in connecting RIAs with fee-based annuities," Galen Shaffer, a principal at Eos Ventures, said in a release. "As a firm, we've wrestled with the 'annuity puzzle' and we envision a future where technology, transparency and fiduciary alignment can enable more individuals to access better income protection. DPL is at the forefront of annuity and insurance distribution innovation, and we're excited to support their future expansion."

Savus

  • $3,000,013.00, Seed, December 10
  • Type of company: Automated commercial insurance platform

Assurified

  • $3,000,000.00, Seed, December 2
  • Type of company: AI-powered risk management for rental housing

HTC Global Services

  • $1,200,000.00, Grant, November 19
  • Type of company: IT and business process solutions for insurance and other industries
  • Investors: Michigan Economic Development Corporation

"Troy is pleased to support HTC Global Services," Ethan Baker, Mayor of Troy, Michigan, said in a release. "HTC is a leading software and technology consulting firm headquartered in Troy. HTC was considering other states and countries for this expansion, but Troy's educated workforce, outstanding housing, retail, and restaurants are factors that technology and software firms look for to attract talent, and the City of Troy meets those metrics."

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