Non-unicorn insurtech Luko urgently needs a buyer, but will it be Allianz?

Luko's parent company, Demain ES, will be put for sale via a legal notice in the newspaper after Admiral abandoned ship.

AgentSync raises $50M more in a massive Series B extension

Insurtech has had a rocky few years. Several startups in the space raised a lot of money and tried their luck on the public markets, but found that investors were unwilling to grant them valuations on

Catch, offering health insurance for gig workers, relaunches with new owners

Alexa Irish and Laura Speyer, now the co-CEOs of Catch, acquired the company in June after the original co-founders shuttered the company.

Nirvana nabs $57M to make AI inroads into commercial trucking insurance

Nirvana Insurance — an insurance startup taking a new approach to insurance products for commercial fleets using artificial intelligence, telematics, internet-of-things technology and 15 billion

Orus offers business insurance products to restaurant owners and other small companies

French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today

World Bank’s IFC backs Indian insurtech startup Onsurity in $24M funding

Onsurity, an Indian startup that offers monthly subscription-based insurance solutions to micro, small and medium enterprises, startups and growing businesses, has raised $24 million in a funding roun

European digital insurtech startup Getsafe acquires Luko’s German portfolio, reaches 550,000 customers

Getsafe, a German-based digital insurtech startup, has acquired the German portfolio of Luko, a French insurtech startup that recently neared insolvency before agreeing to be acquired by British insur

European cyber insurance startup Stoïk raises $10.7 million and expands to Germany

French startup Stoïk offers a cyber insurance product to small and medium companies — a bit like Coalition in the U.S. And things have been working well in France. So the company just announce

Meet Lula, a startup that aims to be the ‘Stripe for insurance’ and just raised $35.5M

Lula, a startup which aims to be the “Stripe for insurance,” has raised $35.5 million in a Series B funding round after experiencing a massive surge in customers. When TechCrunch reported

Nigeria’s to scale its open insurance API platform with new funding

Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in Afric

Tractable snaps up $65M led by SoftBank for car and property damage appraisals using AI

When it comes to transforming business operations, artificial intelligence holds a lot of promise across many industries. Today, a startup that has been an early mover in the area of applying AI, and

Insify raises another $10.7 million for its business insurance startup

Amsterdam-based insurtech startup Insify has completed its Series A funding round with another €10 million ($10.7 million at today’s exchange rate). Overall, the startup has raised €25 million a

Life insurance startup Getlife becomes Life5 and raises $10.7M

Spanish startup Life5 has raised its third funding round and has been growing nicely since my previous post. The company also has a new name — it used to be called Getlife. In addition to its home c

This fintech segment saw a flurry of fundraises

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Despite messy IPOs, there’s good reason to be optimistic about insurtech startups

Insurtech is persisting, stubbornly showing a few signs of life despite the carnage in the public markets.

Landlord-focused insurtech Obie lands $25.5M led by Battery Ventures

Obie, a real estate-focused insurance technology company, has raised $25.5 million in a funding round led by Battery Ventures. Since the company’s last raise — a $10.4 million Series A —

Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife

Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.

Wefox secures new funding at $4.5 billion valuation as it aims for profitability

Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone, as the company managed to secure $55 million. This coul

Gradient Ventures backs Axle’s ‘Plaid for insurance’ approach to data verification

Axle allows users to connect their insurance account to trusted companies in seconds and then automates insurance verification.

Selling insurance is hard, but that’s not bad news for insurtechs

How is the economy affecting insurance purchase decisions? Will this make B2B companies more appealing to VCs than their B2C peers?
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