Traffic crosses over the Golden Gate Bridge as seen from Fort Scott in San Francisco, California. Photographer: David Paul Morris/Bloomberg
David Paul Morris/Bloomberg
The insurtech industry had retained its momentum from the previous few flush years in the first part of 2020 until the Coronavirus crisis hit. Of the top 10 insurtech funding rounds from the first quarter of the year, identified from Crunchbase data by Digital Insurance, nine were announced before the U.S. announced its first COVID-19 death on Feb. 29. In March, deals has slowed, indicating that the crisis will choke off some financial flow to insurtechs. Here are the companies that got in under the wire.
U.S. based online brokerage
Amount: $100 million, Series D Date: Jan. 30
India-based insurance services company
Amount: $84 million, series unknown Date: Jan. 21
Code-free application development for financial services