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Insurtech

11 largest insurtech unicorns by valuation in Q3

ByDigital Insurance Staff
December 3, 2024 5:30 AM
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The three largest insurtech and other unicorns in the second quarter had an average valuation of more than $9 billion. In total, all 11 of the top unicorns earned $52.8 billion in funding.

Read more about the 11 biggest unicorns by valuation in the second quarter.

Source: CB Insights

Unicorns ranked by valuation in Q2

Rank
 Company
 Country
 Latest Valuation
10
 Newfront
 United States
 $2.2B
10
 Qualia
 United States
 $2.2B
8
 Accelerant
 United States
 $2.4B
8
 ManyPets
 United Kingdom
 $2.4B
7
 Ethos
 United States
 $2.7B
6
 Next Insurance
 United States
 $4.0B
4
 Wefox
 Germany
 $4.5B
4
 Alan
 France
 $4.5B
3
 Coalition
 United States
 $5.0B
2
 Gusto
 United States
 $10.0B
1
 Devoted Health
 United States
 $12.9B
Chart showing largest insurtech unicorns by valuation where Qualia tied for 10th with a $2.2 billion valuation.
Qualia tied for 10th with a $2.2 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Newfront tied for 10th with a $2.2 billion valuation.
Newfront tied for 10th with a $2.2 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where ManyPets tied for 8th with a $2.4 billion valuation.
ManyPets tied for 8th with a $2.4 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Accelerant tied for 8th with a $2.4 billion valuation.
Accelerant tied for 8th with a $2.4 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Ethos ranked 7th with a $2.7 billion valuation.
Ethos ranked 7th with a $2.4 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Next Insurance ranked 6th with a $4.0 billion valuation.
Next Insurance ranked 6th with a $4.0 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Alan tied for 4th with a $4.5 billion valuation.
Alan tied for 4th with a $4.5 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Wefox tied for 4th with a $4.5 billion valuation.
Wefox tied for 4th with a $4.5 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Coalition ranked 3rd with a $5.0 billion valuation.
Coalition ranked 3rd with a $5.0 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Gusto ranked 2nd with a $10.0 billion valuation.
Gusto ranked 2nd with a $10.0 billion latest valuation.
Chart showing largest insurtech unicorns by valuation where Devoted Health ranked 1st with a $12.9 billion valuation.
Devoted Health ranked 1st with a $12.9 billion latest valuation.
Digital Insurance Staff
Insurtech Insurance