Top insurtech funding rounds, July 2025

August 12, 2025 4:10 PM

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There were about 52 funding events in the insurtech sector between July 1 and July 31, 2025, according to a review by Digital Insurance. What follows is a selection of these, focusing on those in the insurtech and property & casualty sectors that are part of the venture-capital financing model. (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 June, click here. These updates will continue monthly.

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

Quandri

Funding: $12 million in funding on July 16, 2025
Type of company: the AI platform modernizing servicing work for insurance brokerages and agencies
Investors: Framework Venture Partners, FUSE, Defined Capital, Intact Ventures

"Quandri is solving a massive pain point in a legacy industry, and they're doing it with a deep product focus and clear ROI," said Ajay Gopal, Partner at Framework Venture Partners.

Cover Whale Insurance Solutions

Funding: $40 million Growth Equity Financing on July 28, 2025
Type of company: a leading insurtech specializing in connected insurance for commercial auto
Investors: Morgan Stanley Expansion Capital

"After years of rapid growth, 2024 marked a pivotal year for Cover Whale as we focused on re-building our foundation. We invested in our technology platform, built a high-performing service organization, and refined our pricing, underwriting and loss control programs. Morgan Stanley Expansion Capital's transition from lender to equity partner is a gratifying affirmation of the tremendous progress made over the past few years, and their renewed backing gives us the resources to fully capitalize on the significant growth opportunities ahead." said Dan Abrahamsen, founder and CEO of Cover Whale in a statement.

INSHUR

Funding: $35 million on July 9, 2025
Type of company: multi award-winning leader in insurance solutions for the on-demand economy
Investors: Trinity Capital

"This raise reflects our disciplined approach to insurance solutions for the on-demand economy. With Trinity Capital's support, we're accelerating our U.S. footprint, expanding key partnerships, and advancing our position in the future of insurance for autonomous mobility – all whilst laser-focused on profitability," said Dan Bratshpis, CEO and co-founder of INSHUR.

Loro

Funding: $1.1 million seed funding round on July 16, 2025
Type of company: the modern platform powering specialty insurance distribution
Investors: Markd, strategic angels across the insurance ecosystem

"Loro is doing something few others dare to do: empowering the people closest to risk to move faster, yet without them sacrificing any control," said Parker Beauchamp, of Markd. "The team understands the nuances of specialty insurance and is building with deep empathy for MGAs and carriers. We're proud to back them as they shape another chapter of insurance distribution."

CertifID

Funding: $47.5 million Series C on July 15, 2025
Type of company: the leading wire fraud protection platform for the real estate industry
Investors: Centana Growth Partners, Arthur Ventures

"The investment in CertifID felt like a natural fit given Centana's deep expertise in the identity and fraud prevention space," said Tom Cronkright, co-founder and executive chairman of CertifID. "They understand our mission and share our commitment to securing critical financial transactions. I've personally experienced the devastating impact of wire fraud, and we started CertifID to help ensure others don't have to. With this investment, we're doubling down on innovation to stay ahead of shape-shifting fraud and deliver the highest level of protection to our customers."

Laka

Funding: $10.4 million Series B on July 15, 2025
Type of company: the award-winning European green mobility insurance firm
Investors: Shift4Good, MS&AD Ventures, Ponooc, Achmea Innovation Fund, Autotech Ventures, Motive Partners, Creandum, LocalGlobe, 1818 Ventures, Republic (formerly Seedrs)

Jack Toyama, president and managing director at MS&AD Ventures, said in a statement: "The micro‑mobility market is evolving rapidly, presenting huge opportunities for platforms that can unify and redefine its insurance offerings. Laka has demonstrated an impressive ability to integrate acquisitions and build a collective‑driven approach that benefits both riders and businesses. We're proud to support the team as they scale across Europe and help drive the shift towards a cleaner, more connected transport ecosystem."