There were about 50 funding events in the
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
Taktile
- $54,000,000.00, Series B, February 27
- Type of company: Automated risk management platform
- Investors: Balderton Capital, Y Combinator, Plug and Play, Index Ventures, Tiger Global Management, Prosus Ventures
"The best investments for VCs are when your reaction to the company is 'of course — why doesn't this happen already?'. It is crazy that businesses use a plethora of separate tools for different decisions across their business when it is the same customer and data," said Rob Moffat, General Partner at Balderton Capital, in a press release. "It is also crazy that a lot of decisioning is coded in-house from scratch; Taktile's integrated decisioning platform allows businesses to take one consistent view of the customer and easily build, iterate and test complex decision logic. This has won them some of the most sophisticated fintechs as happy clients and is now allowing them to expand into banks and insurers."
High Definition Vehicle Insurance
- $40,000,000.00, Venture - Series Unknown, February 12
- Type of company: Technology based commercial auto insurer
- Investors: 8VC, Autotech Ventures, Munich Re Ventures, Weatherford Capital, Qualcomm Ventures
"With the infusion of capital, HDVI is well positioned to continue leading the industry in leveraging technology in commercial auto insurance," Co-founder and CEO Reid Spitz said in a release. "Our team remains committed to continued innovation using telematics and other data sources along with new AI tools throughout the commercial auto policy lifecycle to drive risk reduction and efficiency at scale."
CompScience
- $27,600,000.00, Series B, February 27
- Type of company: AI platform for worker's compensation insurance
- Investors: Sands Capital, Valor Equity Partners, Alumni Ventures, Hustle Fund, Scrum Ventures
"CompScience is redefining workplace safety with cutting-edge technology," Chris Eng, Principal at Sands Capita said in a release. "We're excited to support their mission to prevent serious injuries and fatalities across industries."
Comulate
- $20,000,000.00, Series B, February 11
- Type of company: Automation tools for broker accounting
- Investors: BOND, Workday Ventures, Spark Capital, Neo, Zachary Perret
"Comulate has scaled to eight-figure revenues in less than three years since founding — an unprecedented pace in the insurance industry," Jay Simons, General Partner at BOND and former President of Atlassian, said in a release. "The team is uniquely positioned to broaden its vision and transform an industry still burdened by hundreds of billions of dollars spent on manual operations across the value chain."
N5 Now
- $20,000,000.00, Series B, February 20
- Type of company: Digital transformation software for the insurance industry
- Investors: Illuminate Financial, Exor Ventures, Scale-Up Ventures, Alexia Ventures, Madrone Capital Partners
COVU
- $10,000,000.00, Series A, February 21
- Type of company: Support for the business side of insurance operations
- Investors: Benhamou Global Ventures, Plug and Play, UpHonest Capital, Recursive Ventures, Markd
"We believe the future of insurance is in collaboration between AI and human expertise," Ali Safavi, co-founder and CEO of COVU said in a release. "Insurance is not just about transactions — it's about trust, protection and high-quality service. AI enhances efficiency, but licensed professionals provide the expertise and relationships that clients rely on. This funding allows us to scale our mission of delivering seamless, AI-powered insurance servicing that empowers agencies rather than displacing them."
Adaptive insurance
- $5,000,000.00, Seed, February 25
- Type of company: Parametric insurance platform
- Investors: Congruent Ventures, Generation Space, Montauk Climate
"After more than 20 years in the insurance industry, I've witnessed firsthand the growing impact of climate shifts on both the insurance market and consumers," Mike Gulla, CEO and co-founder of Adaptive Insurance, said in a release. "With the severity of weather extremes, population shifts, regulations and legacy systems, traditional insurance models simply aren't agile enough to mitigate the immediate financial shocks that businesses face during increasingly frequent power outages."
