Finance

The round isn’t finalized yet and the details could change, the people said, who asked not to be named discussing private information.

There were 34 funding rounds of all kinds recorded.

As this booming market evolves, the value of innovation by insurtech startups is becoming clear. These companies drive change by meeting customer demands, as consumers increasingly demand insurance is delivered in a way that suits them – digital services that are quick and easy to use.

The pandemic rollercoaster continues to rattle the insurance industry as we ride into 2022. One of the bright spots for our industry was the acceleration of technological innovation. All the uncertainty and changing consumer habits are fueling substantial changes in how insurance is marketed and sold by independent agencies.

The company is preparing to begin operations in seven new markets in 2022 -- Mexico, Colombia, Argentina, Peru, Ecuador, Panama and Costa Rica –- using the proceeds of its Series C round, according to founder and Chief Executive Officer Eduardo della Maggiora.

In 2020, American Family Insurance launched a partnership with the Creative Destruction Lab and the University of Wisconsin-Madison that provides support and mentorship to start-up founders in their companies’ early stages. A year into the partnership and there are truly inspiring to learn from the startup founders.

There were 41 rounds this month.

The Singapore-based company is working with financial advisers and a formal funding round may kick off later this year, the people said, asking not to be identified because the information is private. It plans to use the proceeds for expansion, they said.

ProNavigator, a purpose-built SaaS knowledge management platform, has a goal to provide accurate information in seconds.

Amplify, a digital life insurance platform, is focused on helping customers build wealth through permanent life insurance.