Top insurtech funding rounds, February 2026

ByKaitlyn Mattson, Grace Crane, Michael Shashoua, Patricia L. Harman

March 4, 2026 3:33 PM

There were about 35 funding events in the insurtech sector in February 2026, according to a review by Digital Insurance. What follows is a selection of these. (Other funding events, such as private-equity infusions, are included in the overall count.)

A portion of the data was sourced from Crunchbase. Other information, including quotes from investing VCs, comes from company announcements. For our previous edition, which covered January, click here. These updates will continue monthly.

These summaries were crafted using AI and then reviewed by the Digital Insurance editorial team.

Lassie

Funding: $75 million, Series C
Type of company: prevention-first pet insurer
Investors: Balderton Capital, Felix Capital, Inventure, Passion Capital, Stena Sessan.

"Pet parents don't just want reimbursements — they want help keeping their pets healthy. This round enables us to accelerate our growth and expand our prevention-first offering to even more pet parents. We've shown we can build outstanding insurance products and then scale them market by market. The key is deep localisation paired with a unique pricing model that combines real-time data with a preventive approach, and we're excited to repeat this across more European markets," said Hedda Båverud Olsson, CEO and co-founder of Lassie, in a press release.

ManageMy

- Funding: $45 million, $20 million secured in Series B
- Type of company: an insurance platform
- Investors: Ventura Capital, OCVC with backing from BNF

This funding marks a major milestone for ManageMy and validates our vision of a more intelligent, integrated, and adaptable insurance operating model. From the outset, we built ManageMy as a scalable, enterprise-grade platform capable of compounding value as insurers grow and modernise. This investment enables us to accelerate product depth, expand distribution, and convert strong client adoption into even more durable, high-quality recurring revenue. ManageMy is now uniquely positioned to become a long-term infrastructure partner to the global insurance industry. Insurers are under growing pressure to improve speed, accuracy, and customer experience while increasing sales and reducing costs. Our platform is purpose-built to address those challenges - delivering AI-enabled decisioning and orchestration across the entire Buy-Manage-Claim lifecycle," said Stephen Collins, co-founder and CEO of ManageMy, in a press release.

Avantos

- Funding: $35 million Series A round
- Type of company: AI-native operating system for client onboarding and servicing in financial services
- Investors: Bessemer Venture Partners, Guardian Life, SEI, Vanguard

"Client service in financial services is drowning in point solutions and administrative burden. We believe that AI can change this paradigm, and that Avantos stands alone as a true end-to-end platform to deliver client services across wealth, insurance, retirement and banking. Its AI agents bring the required sophistication in advanced reasoning to handle the complex long-horizon tasks that define client management," said Eric Kaplan, VP at Bessemer Venture Partners, in a press release.

Comeryx

-Funding: $7.5 million
-Type of company: AI-native, fully digital Managing General Agent (MGA)
-Investors: Altai Ventures, American Family Ventures, Intact Ventures, Boulder Ventures, Arch Capital Group Ltd, Echelon

"Wholesale and retail agents often avoid small policies because carriers and MGAs utilize manual underwriting at a cost that is out of line with small premiums," said Dax Craig, co-founder and CEO of Comeryx, in a press release. "With Comeryx, we are bringing the AI-native infrastructure and disciplined underwriting necessary to serve this large market with the speed and ease brokers need to be profitable."

Qumis

- Funding: $4.3 million oversubscribed seed round
- Type of company: an attorney-trained AI platform for commercial insurance coverage intelligence
- Investors: MTech Capital, American Family Ventures

"We backed Qumis early because brokers told us that once they started using it, they couldn't imagine working without it — and would even pay for it themselves if their employer wouldn't," said Brian McLoughlin, partner at MTech Capital, in a press release.

General Magic

- Funding: $7.2 million seed funding round
- Type of company: AI insurtech building AI agents for insurance workflows
- Investors: Radical Ventures, a16z Speedrun, Brendan O'Driscoll, Larry James Erwin, Comma Capital, Aidan Gomez, Kevin Wang and Spencer Burke

"Too much of insurance still relies on manual follow through across calls, inboxes, and scattered systems. We focus on keeping customers engaged at every stage of the lifecycle, not just at quote or claim. Our agents handle the routine work that slows teams down, while giving insurance leaders real visibility into what customers are asking, where they are getting stuck, and how they are feeling. When that engagement and data flow directly into core systems, teams move faster and customers feel genuinely supported," said Jai Mansukhani, co-founder and president of General Magic, in a press release.