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Insurtech startup QuoteWell comes out of stealth, raises $15m Series A funding round
QuoteWell has announced the launch of its brokerage operations.
Dublin-based Kota raises €5m to enable employers to cover employees’ benefits
Kota, an all-in-one platform to automate insurance, has raised €5m seed round.
German insurtech Getsafe acquires French startup Luko to expand its European presence
Getsafe has entered into an agreement to acquire French insurtech Luko.
French insurtech startup Orus raises €11m funding to expand its services in Europe
French insurtech startup Orus has raised €11 million in Series A funding.
Insurtech startup Allium secures $750k funding to revolutionize insurance data analytics
Allium Data announced the close of $750k pre-seed funding round.
Kayna insurtech raises €1m to revolutionize small business insurance
Kayna insurtech has closed a €1m pre-seed funding round.
Kenyan insurtech startup Turaco acquires Ghana’s MicroEnsure
Turaco, the Kenyan insurtech startup, has acquired MicroEnsure Ghana from MIC Global.
[Introducing Vouch Horizon] A new approach to insurance for scale-stage startups
Vouch, a pioneer in business insurance for VC-backed startups, unveils Vouch Horizon.
Irys Insurtech closes $3.5m seed round to take on legacy competitors
Irys Insurtech has closed a seed funding round of $3.5 million.
Medicare startup MyPlanAdvocate acquires Eversurance to grow the health insurance market
MyPlanAdvocate (MPA), has announced the acquisition of Eversurance.
Berlin-based insurtech startup SureIn closes €4m designed for Europe's SMBs
Berlin-based insurtech startup SureIn has closed a €4 million Seed round.
Functional Finance raises $8m to expand operational efficiency for the insurance industry
Insurtech startup Functional Finance secures $8m in seed capital.
Startupbootcamp AfriTech opens cohort 4 of its ASIP accelerator program
Startupbootcamp AfriTech has opened applications its ASIP accelerator program.
1Fort raises $2m to automate and simplify cyber insurance for businesses
1Fort has completed a successful $2 million pre-seed round financing.
Federato raises $25m Series B funding to continue catalyzing insurance's "AI moment"
Federato has raised $25 million in Series B funding led by Caffeinated Capital.
Chatbots with fraud detection software are revolutionizing underwriting, Plug and Play
Chatbots are dramatically reshaping the insurance industry.
Web3 and the rise of the digital asset investor, Plug and Play
Web3 is a more decentralized system for sharing data and managing digital assets.
Travel insurtech startup Faye lands $10m Series A funding
Travel insurance startup Faye, announced it has raised $10 million in Series A funding.
Five tech startups join Northwestern Mutual Black Founder Accelerator program
Northwestern Mutual, in partnership with gener8tor, announced the addition of five promising tech startups to its innovative Black Founder Accelerator program.
Insurtech startup Turaco and Airtel Money launch low-cost hospital cash insurance product in Uganda
Kenyan and Ugandan insurtech startup Turaco, has partnered with Airtel Mobile and Prudential Assurance to launch a low-cost hospital cash insurance product with Funeral Benefit.
Hong Kong insurtech startup Bowtie appoints James Lau as Independent Non-Executive Director
Bowtie, Hong Kong’s first virtual insurer, announced the appointment of James Lau to its Board of Directors as an Independent Non-Executive Director.
Hong Kong insurtech startup Bowtie revolutionalizes traditional insurance industry with technology
In today’s digital age, many industries have begun to introduce emerging technologies to develop innovative services. The transformation and upgrading of the insurance industry is also in full swing.
IFC, DEG, Hollard, and Yellowwoods invest in South African insurtech startup Naked to boost insurance accessibility
IFC, the German Development Finance Institution (DEG), Hollard, and Yellowwoods, jointly announced an investment in South African insurtech company Naked to expand access to insurance products.
Insurtech startup Lami joins forces with Unchorlight to provide insurance covers for Boda Boda riders in Kenya
Digital insurance provider Lami Technologies is partnering with Unchorlight Kenya (UNK), to provide boda boda riders in the country with access to suitable and reliable insurance covers.
Insurtech startup OpenEyes emerges from stealth with $23m Series A funding
OpenEyes, an insurtech company serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First.
RIMAC Seguros joins Plug and Play's health platform in Silicon Valley
RIMAC Seguros, an insurance company in Peru with 3 million customers, has entered into a strategic partnership with Plug and Play Tech Center, the world's corporate innovation platform based in Silicon Valley.
Business-focused insurtech Coverdash announces launch after oversubscribed seed round
Coverdash, a fully-digital business insurance startup providing simplified insurance solutions to businesses of all shapes and sizes, announced the company's official launch and the closing of an oversubscribed seed funding round.
5 key insurance industry trends in EMEA region according to Plug and Play
Insurance industry trends over the past year have been significant, especially across Europe, the Middle East, and Africa (EMEA) region.
Insurance provider Vouch acquires lending startup Level to scale tech-driven underwriting systems
Vouch, an insurance provider re-thinking business insurance for the technology industry, announced it has acquired lending startup Level and its team of engineers.
Philly-based insurtech startup Propeller Bonds raises $6.4m seed funding to accelerate growth
Philly-based insurtech Propeller, announced it has raised $6.4 million in seed funding led by a consortium of industry partners.
Insurtech startup Surround Insurance raises $2.5m seed round to help cconsumers navigate life’s transitions
Insurtech startup Surround Insurance announced that it has closed a $2.5 million seed round led by MassMutual through the MM Catalyst Fund.
Vouch partners with Capsule to support startups internationally
Capsule, a specialist insurance provider to high-growth companies in the UK, announced a partnership with Vouch, a San Francisco-based insurance platform that provides business insurance for high-growth technology startups in the US.
Intelligent digital coworkers startup Roots Automation raises $10m Series A funding round to accelerate growth
Roots Automation, the creator of advanced, intelligent Digital Coworkers for the insurance industry, announced the closing of $10 million in a Series A round of funding.
Insurtech Otonomi raises $3.4m to build a first-to-market blockchain-powered parametric cargo platform
Insurtech startup Otonomi announced it has closed a $3.4 million oversubscribed funding round, to build a first-to-market blockchain-powered parametric cargo platform.
Cyber insurance startup Elpha Secure startup raises $20 million funding to boost offerings
The funding round will help drive business growth across broker networks and evolve Elpha Secure’s product features to better equip small and midsize businesses to defend against cyberattacks and their consequences with end-to-end protection and response.
Capacity trading startup Stere closes $5m seed to expand tech-driven solutions for the insurance sector
Stere, a capacity trading platform specializing in capacity sourcing and unique digital capabilities for embedded insurance partners and MGAs, announced it has closed a $5 million funding round.
Kenyan agricultural insurtech startup Pula appoints Michael Joseph as Board Chair
Former Safaricom CEO Michael Joseph has been appointed as Board Chair of a Kenyan agricultural insurtech startup Pula.
Kenyan insurtech startup Turaco secures $10m funding to drive insurance adoption
Turaco, the insurtech driving mass market insurance adoption, has announced the close of a $10 million Series A equity round led by AfricInvest, via the Cathay Africinvest Innovation Fund.
Missouri-based insurtech startup iCover raises $5m pre-Series A funding to accelerate growth
iCover, a Missouri-based insurtech startup that provides an algorithmic underwriting and QUI based eApp Service for life insurance companies, raised $5 million in pre-Series A funding.
London-based Claret Capital raises €297m fund to back European tech startups
Claret Capital, the London-based Pan-European growth capital provider, announced the final closing of Claret European Growth Capital Fund III (Fund III), to back European tech startups.
Swedish payment startup Billogram raises €15m to accelerate growth in Europe and the DACH region
Swedish invoicing and payment startup Billogram has raised €15 million in funding round led by Swisscom Ventures, with participation from Partech, CNI Nordic and Inbox Capital.
Healthcare startup Prolocor announces $5.2m funding from seed round and NIH SBIR grant
Prolocor, a healthcare startup developing an innovative precision diagnostic test with the potential to predict the risk of thrombosis by quantifying FcγRIIa on the surface of platelets, announced the closing of an oversubscribed $3.2 million seed round.
SheMatters raises $1.5m seed funding to address medical neglect and Black maternal morbidity in the U.S.
SheMatters, an online platform and mobile app designed to support Black women/WOC who experience postpartum comorbidities, announced the close of over $1.5 million in seed funding.
UPTIMA secures investment from Salesforce and Docusign Ventures to fuel growth and expansion
Uptima, a global consulting and system integration firm, announced it has received funding from Salesforce Ventures and Docusign Ventures, to continue to enhance its IP-based accelerator, Everything-to-Revenue™.
Dublin-based startup Protex AI raises $18m to protect workplace accidents
Dublin-based startup Protex AI has raised a total of $18 million of investment to help further grow its presence in Europe and North America, led by Notion Capital.
FMO partners with SBC AfriTech to support next generation of early-stage African tech startups
FMO has partnered with a pan-African tech accelerator, Startupbootcamp (SBC) AfriTech, for the third installment of the Africa Startup Initiative Accelerator Program which is designed to scout skill and scale early-stage tech startups in Africa.
South Korean animation Startup Plask releases motion capture tool to democratize 3D animation
Plask, a 3D animation startup has unveiled its namesake premium motion capture and animation SaaS tool that makes 3D animation more accessible than ever.
EMURGO Ventures invests in DoraHacks to scale Cardano's Web3 developer pool and dApp ecosystem
EMURGO Ventures, the venture arm of EMURGO, one of the founding entities of Cardano blockchain, announced an investment into DoraHacks, a Web3 hackathon organizer.
Telit acquires California-based startup Mobilogix to provide custom IoT project and solution design services
Telit, a global leader in the Internet of Things (IoT), announced the acquisition of group assets from Mobilogix, a California-based startup company specializing in custom IoT solutions worldwide.
Nigerian fintech startup Grey raises $2m to simplify cross-border payments across Africa
Nigerian fintech startup Grey has raised $2 million in seed funding to simplify cross-border payments across Africa. The seed funding round included participation from Y Combinator, Soma Capital, Heirloom Fund and other high-profile investors.
Swiss tech startup deskbird raises $5m to accelerate growth across Europe
deskbird, a Swiss-based tech company on its way to becoming Europe’s leading workplace management platform, announced the closing of a $5 million Pre-Series A financing round.
Copenhagen’s AI cybersecurity startup Muninn raises €2.5m seed round led by Luminar Ventures
AI-driven cybersecurity platform Muninn, headquartered in Copenhagen, has secured a €2.5 million seed round led by Luminar Ventures, with previous investor PreSeed Ventures (PSV) participating.
Los Angeles-based startup RentSpree raises $17.3m Series B funding to propel growth in the rental market
RentSpree, the industry's premier end-to-end rental management software provider, announced it has closed $17.3 million in Series B financing.
Kenyan startups raised $820m in VC funding in the first half of 2022, data
Kenya has secured an enviable position among the most competitive innovation and investment destinations in Africa. The country’s attractiveness has seen Big-Tech companies troop in to set shop in the capital, Nairobi.
Nigerian B2B e-Commerce startup Omnibiz raises $15m for expansion
Nigerian B2B e-Commerce startup Omnibiz has raised $15 million pre-Series A round ($5 million equity and $10 million debt) led by Timon Capital, Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital and Musha Ventures.
Belgian startup Magnax raises €20m for axial flux “pancake” electric motors
Belgium-based Magnax, technology leader in axial flux electric motors, has closed a €20 million funding round and adds two new investors; BIG Capital, who led the round, and SFPIM.
Octopus rolls out €220m to drive green power generation, backs Exagen to build UK’s largest battery
Octopus Energy Group launched its new renewables fund Octopus Energy Development Partnership (OEDP), as the fund makes its debut investment in renewables developer Exagen to build new green energy.
Erie Insurance launches venture capital fund to accelerate innovation
Erie Insurance, an auto, home, business and life insurance company based in Erie, Pennsylvania, announced the establishment of Erie Strategic Ventures to support visionary entrepreneurs.
Mobile gaming platform startup INK Games secures $18.75m Series B financing
INK Games (INK), an Austin-based startup building a social gaming and commerce platform, announced it has secured $18.75 million of funding through its Series B equity round.
South Korean edtech startup Day 1 Company announces plans to Dive into US
Korean edtech startup, Day 1 Company, announced plans to enter the U.S. market with the launch of a new product, Dive.
Eurobio acquires 100% of Dutch transplant diagnostics startup GenDx
Paris, France-based Eurobio Scientific (Eurobio) has reached agreement to acquire all outstanding shares of Dutch-based transplant diagnostics startup GenDx for an amount of €135 million (net of adjusted cash) to be paid in cash at closing to its current shareholders.
German startup Dryad closes €10.5m Series A funding to speed up early wildfire detection technology
Dryad, the only provider of solar-powered environmental sensor networks for ultra-early wildfire detection and forest monitoring, has closed €10.5m in Series A funding.
Munich-based Celonis secures $1b to fight economic and supply chain challenges
Celonis, the global player in execution management, announced it has secured an additional $1 billion in funds to accelerate its unique position to help customers thrive in challenging economic environments.
Pace raises $5m to integrate product-led growth with enterprise sales
Pace, a startup building a product-led revenue platform, has raised a $5 million Seed investment led by Work-Bench. Pace simplifies the transformation from traditional enterprise sales motions to a hybrid, product-led approach.
ZEBOX America selects new batch of startups to reimagine global logistics and mobility
International startup incubator and accelerator ZEBOX America announced a new cohort of 9 startups, marking a key milestone as the tech hub works to reimagine and revitalize the North American supply chain, logistics, mobility and Industry 4.0 sectors.
[Startup Interview] Collins Kathuli, Co-founder and CEO, Kyanda, Kenya
Kyanda is a Kenyan fintech startup that offers Digital Financial Services to businesses, SMEs and citizens.
[Startup Interview] Alfiya Kayumova, CEO and co-founder, Green Growth, USA
Green Growth is a US-based agritech startup that runs a software and hardware-based solution consisting of a set of sensors, combined in a single infrastructure.
[Startup Interview] Jelmer Van Der Linden, Co-Founder, De HardloopSchool, Netherlands
De HardloopSchool is a Dutch sports and fitness startup that offer physical and online classes on running by allowing learners to run wisely, efficiently and relaxed, which reduces the risk of injury and allows one to perform to their maximum potential.
Canadian startup Vive Crop Protection closes $26m funding round to accelerate its precision chemistry platform
Vive Crop Protection announced the close of $26 million Series C investment round, led by Emmertech with participation from the Cibus funds, and existing investors Business Development Bank of Canada (BDC).
Early-stage startups don't stand to benefit from Inflation Reduction Act, Kruze Consulting
The Inflation Reduction Act of 2022 doubles the R&D Tax Credit from $250,000 to $500,000, a popular tax credit used by unprofitable startups. However, an analysis by Kruze Consulting shows that the earliest-stage startups will likely not benefit from this increased credit.
Savannah Logistics Innovation Center, Plug and Play announce first cohort of their accelerator program
The Savannah Logistics Innovation Center (SLIC) and Plug and Play announced the first cohort of selected startup companies chosen for their accelerator program.
Japanese healthtech startup Ubie raises $26.2m Series C funding to fuel business growth in Japan and the U.S.
Ubie, a Japanese healthcare AI startup with a mission to develop a healthcare guide for everyone, announced it has raised $26.2 million in the 1st round of Series C funding.
Dubai tech startup Educatly appoints LinkedIn's Executive Ali Matar to Board of Advisors
Dubai-based tech startup Educatly has appointed Ali Matar, Head of LinkedIn MENA and EMEA growth markets, to its Board of Advisors.
Nigerian last-mile delivery startup Kwik launches in Ibadan
Nigerian last-mile delivery startup Kwik Delivery announced it has officially launched its innovative and just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies and social vendors in Ibadan.
Cherubic Ventures completes $110m Fund V, brings total committed capital to over $400m
Cherubic Ventures announced the successful completion of the venture capital firm's Fund V at $110 million, with a total of over $400 million in committed capital under management.
UK-based Medi-science International partners with Kenyan healthtech startup Afya Rekod to enhance healthcare delivery
UK-based Medi-science International and Kenyan healthtech startup Afya Rekod have announced a strategic collaboration to transform healthcare delivery through improved access to personal health data.
BASF Venture Capital and Dutch-based Aqua-Spark invest in Sea6 Energy as part of Series B financing round
BASF Venture Capital, the corporate venture company of BASF SE, Germany, and Aqua-Spark, a Dutch investment fund focusing on the global aquaculture industry, are investing in Sea6 Energy as part of a Series B round.
Kenyan e-Logistics startup Lori Systems raises funding from Google to facilitate expansion efforts
Kenyan e-logistics startup Lori Systems which operates across East Africa, announced it has raised an undisclosed amount of Round B funding from Google, to facilitate the company’s expansion efforts.
Kenyan agritech startup IProcure secures $10.2m Series B funding to accelerate growth
iProcure, Africa’s tech and data-driven agricultural inputs supply company, announced the close of a $10.2 million Series B funding round that raised debt and equity from a diverse group of international investors.
Insurtech startup Ledgebrook raises $4.2m to provide best-in-class quoting experience to wholesale brokers
Ledgebrook, a Boston-based insurtech startup, announced it raised $4.2 million in seed funding to build out its operations with the goal of writing its first policies in Q4 2022.
Pomelo fintech launches with $20m seed capital
Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to combine credit and international money transfer.
Customer experience startup Hark raises >$1.5m to build a new video-focused support channel
Hark, a New York-based customer experience startup, has raised more than $1.5 million to launch a new, video-based customer experience channel aimed at helping companies deliver a best-in-class experience while decreasing costs.
Explo raises $12m Series A funding to build customer-facing analytics, releases self-serve onboarding
Explo, a customer-facing analytics solution for sharing data across any platform, announced $12 million in Series A funding, bringing the company's total amount raised to $15 million.
South African gaming startup Skrmiish secures $2.5m seed round to speed growth
Cape Town-based Skrmiish, a mobile “play-to-earn” app that enables gamers of every level to earn cash in every match they play across the AAA+ games they love, has raised a $2.5 million seed round to speed its global growth.
AI gaming and Esports startup Regression Games exits stealth with $4.2m seed funding from NEA and a16z
Regression Games, the AI gaming and esports company announced it has closed $4.2 million in seed funding led by New Enterprise Associates (NEA).
Bush Foundation invests $1.5m in Brown Venture Group to widen investment door for Black, Indigenous and Latinx entrepreneurs
Brown Venture Group announced it will receive an investment of up to $1.5 million from the Bush Foundation.
Budmail announces partnership with Canadian AI startup Lil Durk
Lil Durk (LilDurk.com), a Canadian news & technology company enhanced by AI-driven neural networks, has announced a strategic partnership agreement with Budmail, a retail-focused cannabis company.
Agya Ventures closes $32m fund to back early-stage startups shaping the future of real estate and metaverse
Agya Ventures, a venture capital firm focused on early-stage real estate and construction technology, announced the close of its $32 million fund ('Fund I').
Equinor Ventures joins climatetech startup incubator Greentown Labs as newest Terawatt Partner
Greentown Labs, the largest climatetech startup incubator in North America, announced that Equinor Ventures has joined as its newest Terawatt Partner, the highest level of partnership with the incubator and its community of climatetech startups.
Philadelphia-based startup Stimulus raises $2.5m oversubscribed seed round to help companies build better supplier relationships
Stimulus, a Philadelphia-based relationship intelligence (SaaS) startup in the supply chain space, raised an oversubscribed $2.5 million seed round led by Black Ops VC.
Dropbase raises $1.75m round to help import, manage, and query messy CSVs and Excel files in analytical databases
Dropbase, the collaborative data import and data management platform, raised a $1.75 million round led by Gradient Ventures (Google's AI-focused venture fund).
South African agritech disruptor AgriKool drives down food costs for consumers, increases profits for farmers
AgriKool, a South African e-trading platform, is connecting agricultural producers to buyers to facilitate the sale of products between retailers and farmers.
SaaS startup Klavi raises $15m to grow open finance solution, develop new B2B products
Klavi, a SaaS platform in data aggregation, analytics, and API services, who aims to empower companies with its Open Finance solutions , has just received an investment of $15 million.
Las Vegas startup Boxabl raises capital to continue disrupting the housing market
Las Vegas based startup Boxabl announced an undisclosed capital raise to continue disrupting the housing market.
UK-based Conversational intelligence startup Jiminny raises €16.5m to fuel international expansion
Jiminny, a UK headquartered conversation intelligence provider supporting sales teams across the world, has closed a $16.5 million series A funding round led by Kennet Partners, a transatlantic growth equity firm.
Taiwanese martech startup Wavenet raises $3m series B round to expand in Japan and North America
Taiwanese marketing technology (martech) startup Wavenet, announced the raise of $3 million in series B round, to expand its operations to Japan and North America, and hire more international talents to join the team.
West makes minority investment in Dublin-based vaccine and biologics startup Latch Medical
West Pharmaceutical Services, a global player in innovative solutions for injectable drug administration, announced it has made a strategic investment in Latch Medical, a Dublin-based startup leading in next-generation vaccine and biologics delivery technology.
Crowdfunding platforms StartEngine and Indiegogo team up to help startups raise capital from ideation to Series C
Crowdfunding platforms Indiegogo and StartEngine have teamed up to ensure that startups have continuous access to the capital they need.
Modern intranet startup Haystack announces Connect, a tool to foster deeper relationships among colleagues
Haystack, the modern intranet company making big companies feel smaller, rolled out Connect - a feature that uses first-party employee-profile data to intelligently pair employees.
T-Mobile accelerator startup Krikey brings NFT puppies to the Flow blockchain
Krikey, a gaming studio with more than 5 million users, announced the launch of SolarPups on the Flow blockchain.
German tech startup Cyanite announces new investors to support vision of universal music translation
Cyanite, a German tech company with various solutions in AI-powered music tagging and search, has closed an investment round with leading entrepreneurs from the music and technology industries.
Chinese Grand Pharma backs Dutch medtech Xeltis with €15m
Xeltis, a medtech company developing the most advanced polymer-based restorative cardiovascular devices, announced that a Chinese company, Grand Pharmaceutical Group, has committed to invest €15 million in equity and license fees.
Income verification startup Truework raises $50m Series C funding to accelerate growth
Truework, a fintech startup that provides income and employment verification for the nation's largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, announced it raised $50 million in Series C funding.
Web3 infrastructure firm Fortress Blockchain Technologies announces $22.5m seed funding
Fortress Blockchain Technologies announced it has raised Seed funding of $22.5 million led by Ayon Capital. The round also included Soaring Investment Management, Fortress' founder Scott Purcell.
Bain Capital leads $12m seed round for scalable blockchain startup RISC Zero
RISC Zero announced a $12 million seed round led by Bain Capital Crypto. Follow-on investors include Geometry, D1 Ventures and Cota Capital among others.
Canadian AI startup Proto raises $5.6m Series A funding to accelerate global expansion
Canadian startup Proto announced it has raised $5.6 million Series A round led by Mucker Capital with participation from Yolo Investments for the global expansion of its AI Customer Experience (AICX) solutions.
Finnish edtech startup Kide Science raises €1m bridge round to accelerate growth
Finnish edtech startup Kide Science announced it has raised €1 million, to support their new and exciting bid to expand from primarily science education, into all early years subjects.
German space tech startup LiveEO secures €19m to bring space data insights to Industry 4.0
Berlin-based space tech startup LiveEO has secured €19 million in funding in what is one of the largest investments to date in Earth Observation in Europe.
Israeli AI mobility Nexar acquires Portuguese startup Veniam to open unlimited possibilities for data-rich mobility applications
Nexar, an AI mobility company, announced it has entered into an agreement to acquire Veniam, the provider of intelligent networking for the internet of moving things.
Kenyan mobile commerce startup Copia unveils manufacturing unit for sugar and rice production
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.
Involta partners with tech startup HacWare to expand enterprise cybersecurity awareness services
Involta, a data center, hybrid IT, and cloud-forward consulting firm, announced a partnership with HacWare, an AI-driven cybersecurity awareness and training SaaS (Software-as-a-Service) product that combines threat intelligence with user behavior.
Israeli cybersecurity startup Canonic Security launches AppTotal API to streamline app-vetting for security teams
Canonic Security, a Tel Aviv-based cybersecurity startup providing a platform controlling third-party applications and integrations, announced the launch of the AppTotal API.
London-based VC firm Flashpoint unveils $102m close of its VCIII fund, secures first institutional investment partner
Flashpoint Venture Capital, an international technology investment firm announced that Széchenyi Funds signed up for a commitment of $20 million in Flashpoint’s VC III.
Venture capital firm JVP expands operations in New York, welcomes new partners and investors
Venture capital firm JVP announced it is expanding its activities in New York. Along with new investments in Fintech, Blockchain, Cyber, Climatech, Foodtech, and Digital Health, the fund has focused on growth.
Digital government and payments startup PayIt closes $90m growth investment fund
PayIt, the company modernizing interactions between governments and residents, has closed a $90 million investment from Macquarie Capital Principal Finance.
Data collaboration startup Sympatic raises pre-seed round to revolutionize zero-copy data use
Sympatic, a data collaboration platform that allows users to create and manage safe data sandboxes in their cloud of choice, announced it has raised a pre-seed round of funding led by Saltagen Ventures with participation from ScaleGood Fund.
Top Tier Capital Partners raises $925m to invest in its Velocity strategy
Top Tier Capital Partners (TTCP) announced it has closed on $925 million in new capital commitments for Top Tier Venture Velocity Fund 4 (VVF4), as well as a collection of separate accounts, one of which focuses on late-stage climate tech co-investments.
Kenyan insurtech startup Lami Technologies raises $3.7m to expand across Africa
Kenya-based insurtech startup Lami Technologies has raised a $ 3.7 million seed extension to expand its insurtech product across Africa.
Canadian news and technology startup startup Lil Durk raises $20m to reduce misinformation
Lil Durk (LilDurk.com), a Canadian news and technology startup enhanced by A.I.-driven neural networks, announced it has raised an additional $20 million in equity through a private funding round led by Alexander Elder.
Product search engine startup Vetted raises $15m to vet trustworthy product data for consumers
Vetted (formerly Lustre) announced the launch of its AI-powered product search engine, alongside a $14 million Series A investment round led by global software investor Insight Partners.
Boston-based crypto fund startup Triblock emerges out of stealth
Triblock, a Boston-based investment and advisory firm co-founded in 2019 by Matt Batsinelas and Bennett Collen, announced the startup has emerged out of stealth, after making over 20 investments while operating in stealth.
Autonomous robotics delivery startup Ottonomy closes $3.3m seed financing round
Ottonomy.IO, the autonomous robotics delivery startup, announced the close of its seed funding round of $3.3 million bringing its total funding to date to $4.9 million, supporting the scale of Ottobots for fully autonomous airport, retail and restaurant deliveries.
Israel Natural Gas Lines invests in monitoring infrastructure startup Prisma Photonics
Israel Natural Gas Lines (INGL), announced a strategic investment in Prisma Photonics, a startup that develops advanced system for monitoring critical infrastructure in real time.
VMG Catalyst closes $400m Fund II to scale commerce venture capital space
Venture capital firm VMG Catalyst announced the closing of Fund II at its target of $400 million, bringing the total capital raised to $650 million across both funds.
Dutch home sustainability startup Woon Duurzaam receives €2.2m financing for further scaling up
EIT InnoEnergy supported Woon Duurzaam has received €2.2 million in a second investment round. The money will come from new investors Oneplanetcrowd and ROM InWest, and from existing shareholders EIT InnoEnergy and DOEN Participaties.
Madrid-based healthtech startup Idoven raises €18.5m to develop its AI platform
Idoven, a Madrid-based healthtech startup, specialised in early detection and precision treatment of cardiovascular disease (CVD), raised €18.5 million, to continue developing its artificial intelligence (AI) platform to identify arrhythmias and cardiac anomalies.
Israeli startup Frontegg raises $40m to solve user management for B2B SaaS
Frontegg, the user management platform for B2B apps, announced a $40 million in series B funding co-led by Stripes and global software investor Insight Partners.
Taiwanese tech startup Cubo Ai launches new sleep sensor pad to boost AI baby monitoring system
To further boost the safety of newborn babies as well as the peace of mind of parents, Taiwanese tech startup Cubo Ai has launched a new product to augment its award-winning Cubo Ai Plus Smart Baby Monitor - the AI Sleep Sensor Pad.
Taiwanese startup PrecisemAb announces progress towards vision of safest antibody treatment with no side effects
PrecisemAb Biotech, a biotechnology research company based in Kaohsiung, Taiwan, announced it has continued to stay true to its vision of enhancing antibody drugs by reducing side effects.
Francisco-based foodtech startup Lypid partners with Louisa Coffee to bring plant based burger patties
Lypid, a global leader in alternative fat, announced its partnership with Louisa Coffee, the largest coffeehouse company in Taiwan, to serve juicy, meaty plant-based burger patties to over 500 shops nationwide.
Battery tech startup Britishvolt confirms UK Government funding boost for its battery cell gigaplant
Battery technology pioneer Britishvolt confirmed funding from the UK Government through its Automotive Transformation Fund (ATF) run by the Advanced Propulsion Centre UK following a confirmation letter.
Kenyan wealth-tech startup Ndovu partners with Tulix to empower Africa’s diaspora to invest back home
Africa’s wealth management platform Ndovu has announced a strategic partnership withTulix, an Antler & Catalyst Fund portfolio company.
Biotech startup Novasenta completes $40m Series A to advance novel cancer therapeutics
Novasenta, a biotechnology startup focused on the discovery and validation of novel targets to develop cancer therapies, today announced the completion of $40 million in Series A financing led by UPMC Enterprises.
Golden Gate Ventures announces new hires to bolster startup golden triangle growth
Golden Gate Ventures, a venture capital fund in Southeast Asia (SEA) founded by Silicon Valley natives, announced the expansion of its Vietnam and Indonesia teams.
Taiwanese Startup Mindtronic AI opens way to the future of mobility with Meta-Service ecosystem
Mindtronic AI, a Taiwan-based startup, unveiled the world's first Meta-Service, a biometric sensing technology that provides instant access to any visible object in the real world.
U.S.-based compliance startup Kompliant closes $14m seed round to accelerate growth
Kompliant, the U.S.-based compliance startup closed a $14 million seed round led by Level One Fund. Kompliant solves for end-to-end compliance lifecycle management through leading-edge technology and innovative workflows.
French insurtech startup Orus raises €5m to reinvent professional insurance for SMEs
Orus, the insurtech company for small businesses, announced it has raised €5 million from Frst, Partech, Portage Ventures and around twenty business angels.
Insurtech startup Spot raises $33m funding to ramp up partnerships, offer affordable coverage for customers
Spot, the tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt.
Kenyan insurtech startup mTek secures $3m funding for expansion across the country
On the heels of a recent $1.50 million (KSh 170 million) investment, Kenyan insurtech startup mTek has secured an additional $3 million (KSh 340 million) investment, through both debt and equity from African-focused fintech platform, Finclusion Group.
Insurtech startup INSTANDA raises $45m to fund its next phase of growth
INSTANDA, the no-code core insurance platform provider has announced the closing of its $45 million fundraising led by Toscafund, one of Europe’s leading Growth Equity investment firms for financial services companies.
Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
U.S. insurtech startup Honeycomb gains approval to write policies in Wisconsin
The Wisconsin Office of the Commissioner of Insurance has given insurtech startup Honeycomb approval to write policies statewide.
Latinx insurtech startup Sigo Seguros raises $5.4m seed funding to accelerate growth
Sigo Seguros, the insurtech startup determined to close the insurance gap within Latinx and immigrant communities, announced it has raised $5.4 million in its seed funding round, co-led by Listen Ventures and Chingona Ventures.
NSI Insurance Group acquires majority stake in insurtech startup HoneyQuote
HoneyQuote’s machine learning algorithm matches users with property insurance carriers in real-time. Its proprietary search engine allows consumers to shop and purchase homeowners' insurance online.
Insurance startup Asteya launches new product offering on its technology-first platform
Asteya, an income insurance technology company whose mission is to provide financial health and wellbeing by transforming the income insurance space, announced the launch of its additional product offering, Accidental Death.
German investor CommerzVentures closes €300m third fund to support European fintech and insurtech startups
CommerzVentures, the specialist fintech investor, announced its third €300m fund, to go towards supporting early and growth-stage companies in the fintech and insurtech sectors.
Insurtech startup ennabl raises $4m to transform insurance brokerage
Insurtech trailblazer ennabl has secured a $4 million seed round investment. Led by Vine Ventures with additional private participants, this investment will be used to expand the company's platform.
Casava secures $4m pre-seed funding to provide micro insurance for millions of Nigerians
Casava, Nigeria's digital insurance company has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians.
Kenyan insurtech startup Lami acquires Bluewave Insurance Agency
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency, another Kenyan-based insurtech startup, for an undisclosed amount.
F-Prime Capital launches F-Prime Fintech Index to track the performance of disruptive fintech startups
F-Prime Capital announced the launch of The F-Prime Fintech Index, designed to track the performance of disruptive fintech companies enabling the delivery of core financial services across payments.
Horizon Technology Finance leads $50m venture loan facility to fintech and insurtech startup, Autonomy
Horizon Technology Finance Corporation announced it led a $50 million venture loan facility to Autonomy, a completely digital mobility offering that provides consumers with an affordable way to get access to a vehicle without long-term debt.
U.S. and Israel-based insurtech startup Honeycomb raises $15.4m Series A round
Insurtech startup Honeycomb announced it has raised $15.4 million in a Series A funding round led by Ibex Investors.
Kenyan ride-hailing startup MARAMOJA opens its API to fintechs and insurtechs
Kenya's ride-hailing platform MARAMOJA Transport has opened its API to local fintechs and Insurtechs. Through a new partnership with Switchlink Africa, service providers will be able to connect with MARAMOJA's drivers and customers.
Nashville-based worker’s compensation startup InsurePay secures Series B investment, buys Split Limit Studios
InsurePay, an Insuretech Property and Casualty (P&C) billing and payments platform, including workers' compensation insurance premium billing and payments has secured a Series B investment.
Kenyan smallholder farmers insulated from weather vagaries by picture-based insurance
A climate-smart crop insurance scheme introduced in Kenya has come to their rescue by combining satellite data and smartphone imagery to provide farmers with much needed protection.
Heritage enters strategic partnership with insurtech startup Slide to accelerate growth
Heritage Insurance, a super-regional property and casualty insurance holding company, announced it has entered into a strategic partnership with Slide, a startup InsurTech P&C carrier led by Bruce Lucas, Heritage's former Chairman and CEO.
Fort Ross Ventures announces first closing of $200m late-stage fund
Fort Ross Ventures, an international venture-capital firm focused on startups in the U.S. and Israel, announced the $100 million first closing of its late-stage fund.
Israeli startup EasySend raises $55.5m to help enterprises build, maintain digital customer journeys with its no-code platform
EasySend, a no-code digital customer journey platform announced a $50.5 million Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round.
BrokerTech Ventures accelerator opens for 2022 cohort applications
BrokerTech Ventures (BTV), the industry's first broker-led convening platform and accelerator program focused on delivering innovation to the insurance broker industry, has opened the application window for its 2022 BrokerTech Ventures Accelerator program.
London-based insurtech startup Collective Benefits announces $10m investment from Prosus
Collective Benefits, an insurance and benefits marketplace for independent workers, announced a $10 million investment from Prosus Ventures, the venture investing arm of Prosus, one of technology investors in the world.
Mployer Advisor secures $1.6 million funding to transform insurance broker marketplace
This new round of funding will enable Mployer Advisor to deploy new features on its platform, hire additional leadership roles and expand its insurance broker and carrier network.
Kenyan fintech startup Kwara partners with Lami Technologies to give SACCO members access to insurance products
Kenyan digital banking fintech startup Kwara has partnered with insurance technology company, Lami Technologies, to provide SACCO members with affordable and transformational insurance products.
Insurance startup Branch partners with SimpliSafe to offer proactive protection, affordable home ssecurity to its members
Branch, the startup that pioneered instantly-bundled home and auto insurance, announced a partnership with SimpliSafe, maker of security systems, to offer its members significant discounts on their home insurance.
Insurtech startup VOOM raises $15m to provide usage-based insurance to underserved mobility segments
VOOM, creators of innovative insurance products for underserved mobility segments, announced $15 million in funding to expand its usage-based insurance model to additional mobility verticals.
Insurtech startup NEXT Insurance renews commitment to small businesses with integrated strategic rebrand
NEXT Insurance, the digital insurtech company transforming small business insurance, announced its strategic rebrand which will integrate small business owners from across the country into every part of the company's business, culture and ethos.
Israeli insurtech startup Vesttoo joins NVIDIA Inception to further develop AI-based technologies
Israeli insurtech startup Vesttoo announced it has joined NVIDIA Inception, a program designed to nurture companies revolutionizing industries with advancements in AI and data sciences.
Insurtech startup Slope Software raises $2m to grow its actuarial modeling platform
Slope Software, the Atlanta insurtech startup that is modernizing actuarial modeling for insurers, announced a $2.0 million investment led by Tech Square Ventures, an early-stage investment firm.
Autonomous vehicle insurtech startup Koop Technologies raises $2.5m seed round
Koop Technologies, an insurance technology startup specializing in autonomous vehicle and robotics risks announced its $2.5 million seed funding.
Insurtech startup NEXT Insurance participates in Amazon Insurance Accelerator to provide access to affordable General Liability coverage
NEXT Insurance, the digital insurtech company transforming small business insurance, announced it is participating in Amazon Insurance Accelerator, providing Amazon sellers looking to buy insurance with instant quotes at competitive rates.
Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked
Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that offers full digital insurance to cars, homes, and valuables.
Hong Kong-based insurtech startup YAS MicroInsurance features in TOP 10 of Plug and Play Insurtech Batch 5 startups
Hong Kong-based next-generation Insurtech startup YAS MicroInsurance, has been featured as one of the TOP 10 of the Insurtech Batch 5 in Plug and Play APAC, a well-known global startups accelerator and innovation platform.
BimaLab accelerator programme launches to support Insurtech startups in Kenya
FSD Africa, the Insurance Regulatory Authority (IRA) and Tellistic Technology Services have launched BimaLab, a KES 5.3 million accelerator programme designed to support insurance startups in Kenya.
Kenyan insurtech startups benefit from IRA, Prudential innovation hub
Three Kenyan insurtech startups each received Ksh 1.25 million in cash awards from an innovation hub steered by the Insurance Regulatory Authority (IRA) in collaboration with Prudential Life Assurance and other partners, to promote insurance inclusivity.
Plug and Play Japan selects 91 Startups for its Summer/Fall 2021 Batch
Global Innovation Platform, Plug and Play Japan has selected 91 Japanese and international startups into its Summer/Fall 2021 Batch, which will be carried out from June to September 2021.
B2B insurtech startup Boost raises $20m Series B to enhance insurance market accessibility
Boost Insurance, the B2B digital insurance platform, announced the completion of a $20 million Series B financing round to fuel growth of its platform, new product development and partner marketing.
HONK supports insurance startup Branch with digitally-driven roadside assistance solutions
HONK Technologies, the digital platform connecting drivers and towing professionals, announced it is supporting Branch, the startup that pioneered bundling home and auto insurance online.
Kenyan insurtech startup Lami Technologies raises $1.8m in seed funding
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, has raised $1.8 million in seed funding.
Insurtech startup Branch Insurance expands home and auto coverage to Colorado and Oklahoma States
Branch Insurance, the startup that pioneered bundling home and auto insurance online, announced its expansion to Colorado and Oklahoma States.
Detroit-based fintech startup Signal Advisors raises $16m to build end-to-end platform for independent financial advisors
Signal Advisors, a tech-enabled distributor of annuities and life insurance, announced a $10 million Series A led by General Catalyst, which closed in December 2020.
Plug and Play Korea launches in Seoul
Global innovation platform, Plug and Play, announced the launch of its new office in Seoul, Korea, to primarily focus on corporate innovation in the areas of Financial Services and Smart Cities and expects to expand to other industries in the future.
Insurtech startup Brella raises $15m Series A for national expansion of supplemental health insurance solution
Brella Insurance announced it has raised a $15 million Series A funding round led by Brewer Lane Ventures to bring Brella's modern supplemental health solution to employers nationwide.
Insurtech startup OKO raises $1.2m to bring innovative insurance to smallholder farmers across Africa
OKO, an insurtech startup that provides inclusive agricultural insurance to secure farmers’ income across Africa, closed a seed investment round of $1.2 million, led by Newfund and ResiliAnce.
Telecel Group launches applications for Africa startups accelerator programme
The Program helps startups achieve 18-24 months of growth in just three months. Now, the next generation of early-stage African tech startups disrupting a wide range of industry sectors are being sought.
Plug and Play selects 154 startups for the Summer 2021 Batches
During the three months of the program, the selected startups will participate virtually in networking events, mentor sessions, focus weeks, and private dealflow sessions.
Insurtech startup Curacel secures $450K pre-seed funding to drive insurance inclusion in Africa
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance.
Plug and Play adds NJM Insurance to its growing network of insurtech corporate partners
Plug and Play, the global innovation platform for corporations and startups, is adding NJM Insurance Group (NJM), a property and casualty insurer in the Mid-Atlantic region, to its growing network of insurtech corporate partners.
Venture Noire launches new cohort program following $1.3m grant from Walton Family Foundation
Venture Noire, a non-profit organization dedicated to supporting Black and minority entrepreneurs, announced the recipient of a multi-year grant from the Walton Family Foundation for a second consecutive year, totaling $1.3 million.
BrokerTech Ventures adds Zurich North America to its premiere agency and insurance company portfolio
BrokerTech Ventures (BTV), the industry's first broker-led convening platform and accelerator program, announced the addition of its newest carrier, Zurich North America, to the platform.
Insurtech startup Zelros raises $11m Series A funding to bring AI-powered responsible insurance distribution to North America
Zelros, the industry's first AI-driven platform dedicated to advancing insurance distribution, announced the successful close of an $11 mllion Series A financing round, bringing the company's total funding to date to $16.5 million.
Insurtech startup InsurePay secures $5m Series A investment round to accelerate growth
InsurePay, a workers' compensation administration and insurance premium billing platform for insurance providers, announced it has completed a $5 million Series A round of financing.
WNS partners with insurtech startup By Miles for the world’s first connected car insurance
WNS Assistance has announced a new partnership with By Miles, an insurtech startup and motor Managing General Agent (MGA), to manage claims for a first-of-its-kind connected car insurance policy using the real-time data of the vehicle.
Insurtech startup TrustLayer raises $6.6m to expand its insurance verification and compliance platform
TrustLayer, the collaborative risk management platform, announced it has completed a $6.6 million seed round of financing.
Nationwide doubles down on venture capital efforts, expands investment fund to $350m
Nationwide announced the expansion of its venture capital investment fund to $350 million, to be directed into high-growth potential insurance and financial services startups that directly advance Nationwide's strategy.
Insurtech startup Marble secures $2.5m seed round, launches first digital wallet and rewards for insurance
Marble, the first digital wallet and loyalty platform for insurance, announced $2.5 million in seed round funding.
Gentem Health startup closes $10m Series A financing to streamline and accelerate insurance reimbursements
Gentem Health, a Silicon Valley-startup focused on helping private practices thrive financially, raised a $10 million Series A financing round, bringing total investment to $13.7 million.
Plug and Play invests in Israeli insurtech startup Vesttoo
Plug and Play, the global innovation platform that has funded companies such as Dropbox, PayPal and N26, has joined Vesttoo as a shareholder through an equity investment.
Insurtech startup Joshu raises $3.7m seed round to digitize and modernize commercial insurance
Joshu, an insurtech company that helps insurance carriers launch online distribution channels, announced it closed $3.7 million in seed funding led by Blumberg Capital.
Arbol closes Series A raise, adds Mubadala Capital Ventures to its investment group
Insurtech platform Arbol Inc. announced it has closed its Series A fundraising round with commitments totaling nearly $7 million. Arbol's Series A round was oversubscribed and completed at a significant increase in valuation from its initial seed round.
InsurTech NY announces global Early-Stage InsurTech Competition 2021
InsurTech NY has opened the application window for its annual 2021 InsurTech Early-Stage Competition, to award $200,000 in prizes to three winning teams. Startups will compete for the title of the company with the most commercial potential.
Healthcare startup Centivo raises $34m to help employers deliver affordable, high-quality healthcare to their employees
Centivo, a new type of digital health plan that is built to save 15% or more compared with traditional insurance carriers and is easy to use for employers and employees, announced it has raised $34 million in Series B funding.
Cinch Home Services partners with insurance technology startup GloveBox to simplify home management
Cinch Home Services (Cinch), provider of home service solutions, has partnered with GloveBox, an insurance technology that allows policyholders to manage all of their insurance in a single, centralized digital platform.
Plug and Play Japan selects 103 startups for its Winter/Spring 2021 Batch accelerator program
Plug and Play Japan has selected 103 startups in IoT, Fintech, Insurtech, Mobility, Brand & Retail, Hardtech & Health, and newly launched vertical, Smart Cities, for the Winter/Spring 2021 Batch accelerator program.
BrokerTech Ventures accelerator opens for 2021 cohort applications
BrokerTech Ventures, first broker-led convening platform and accelerator focused on delivering innovation to the insurance broker industry, has opened the application window for its 2021 BrokerTech Ventures Accelerator program.
Insurtech startup Next Insurance and Intuit QuickBooks integrate to provide seamless coverage for small businesses
Next Insurance, digital insurtech company transforming small business insurance and Intuit have teamed up to simplify the insurance purchasing process for millions of small businesses.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here