Top insurtech funding rounds, June 2025

July 14, 2025 4:30 PM

Enjoy complimentary access to top ideas and insights — selected by our editors.

There were about 50 funding events in the insurtech sector between June 1 and June 30, 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 May, click here. These updates will continue monthly.

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

Crabi

-Funding: $13.6 million Series A on June 5, 2025

-Type of company: full-stack auto insurance platform

-Investors: Kaszek, Ignia, 30N, Redwood, Carao, Azuro, Newtopia, and other insiders

"At Crabi, we've proven that insurance can be scaled profitably when you put automation, AI, and customer experience at the heart of your operation," said Daniel Bernardez, CEO and co-founder of Crabi. "Applying modern engineering and data science to legacy insurance processes unlocks massive gains in pricing, speed, and risk selection. But none of that matters unless you're also building the right infrastructure, aligning technology with regulation from day one. This new capital allows us to double down on both fronts, expanding access to affordable coverage while building a smarter, more inclusive insurance system for Mexico," added Bernardez.

Reserv

-Funding: $25 million Series B round on June 4, 2025

-Type of company: tech-enabled third-party administrator (TPA)

-Investors: Flourish Ventures, Accenture Ventures, Bain Capital Ventures, Altai Ventures

"Executives hear a lot of noise around AI. 'The platform should be AI native' or 'an AI sidekick is more optimal', 'focus on communications', 'focus on compliance'," said CJ Przybyl, CEO and co-founder of Reserv, "You won't often hear us speaking so absolutely. We scale quickly, assess our weaknesses, and build solutions to solve our problems in a direct partnership with our customers. A great example of this is our rollover technology. No startup would pitch this idea to a VC as a scalable stand-alone business, but it has been an enabler of our scale—and building it strengthened our LLMs and data science while forging strong feedback loops between platform engineers and adjusters."

Supply Wisdom

- Funding: $14 million Series B on June 18, 2025

- Type of company: real-time risk intelligence SaaS platform

- Investors: Jurassic Capital, Fulcrum Equity Partners, Conductor Capital

"We're excited to welcome Supply Wisdom's industry-leading platform to the Jurassic Capital portfolio," said Kevin Mosley, General Partner at Jurassic Capital. "We've gotten to know them over the last year as a high-growth, capital-efficient and innovative company with a strong history of delivering exceptional value for third party risk management departments at leading global firms. We're thrilled with Jenna's promotion to CEO, as her firsthand experience as a customer will continue to pay dividends across the organization. Joining up with long-time partners and existing investors Fulcrum Equity Partners and Conductor Capital only increases our confidence."

Fiduciary Exchange, LLC (FIDx)

-Funding: Unknown growth capital round on June 17, 2025

-Type of company: Insurtech connecting financial professionals with insurance companies and asset managers.

-Investors: Prudential Financial, Inc., Franklin Templeton, Invesco LLC, Axonic Insurance Services

"We are excited to add Franklin Templeton, Invesco, and Axonic to our strategic investor group and highly value Prudential's ongoing leadership and commitment to our growth," said Rich Romano, CEO of FIDx.

ServiceUp

-Funding: $55 million Series B on June 30, 2025

-Type of company: tech platform for fleets and insurers managing vehicle repairs

Investors: PeakSpan Capital, Hearst Ventures, Trestle Partners, Capital Midwest Fund, Litquidity Ventures

"We're not here to slightly improve vehicle repair management. We're rebuilding it from the ground up," said Brett Carlson, co-founder and CEO of ServiceUp. "Every delay, every unknown, every wasted hour — we're eliminating all of it with tech and automation. This raise gives us the fuel to move faster, go bigger, and keep pushing the auto repair industry forward."

"Auto repair has remained one of the last great black boxes in the modern economy —fragmented, opaque, and bogged down by outdated workflows and siloed point solutions," said Jack Freeman, Partner at PeakSpan Capital. "It's a system that frustrates fleet operators, drains productivity, and kills margin for insurers and service providers. ServiceUp is dismantling that model. They've built the first truly intelligence-driven system of engagement for the automotive repair space — redefining how the entire ecosystem connects, communicates, and operates."

Clearspeed

-Funding: $60 million, Series D

-Type of company: Voice-based risk assessment technology

-Investors: Align Private Capital, IronGate Capital Advisors, Bravo Victor Venture Capital, KBW Ventures, General David H. Patraeus

"As security threats evolve, so must the solutions designed to counter them," said Private Investor General David H. Petraeus (US Army, Ret.), former CIA Director and Commander of U.S. Central Command. "Clearspeed's AI-enabled voice analytics delivers outsized value for personnel vetting, insider threat mitigation, and enterprise security—where building trust quickly is paramount."

"This investment propels Clearspeed into a bold new chapter," said Alex Martin, Co-Founder and CEO of Clearspeed. "We're doubling down on the markets where trust and speed matter most—government, defense, insurance, banking—and expanding globally to meet the growing demand for secure, high-integrity screening. We're investing in our teams, accelerating innovation, and ensuring our technology stays ahead—not just to grow, but to help organizations worldwide realize the strategic advantage of rapidly establishing trust."