Top insurtech funding rounds, November 2025

December 7, 2025 3:06 PM

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There were about 50 funding events in the insurtech sector in November 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 October, click here. These updates will continue monthly.

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

Federato

- Funding: $100 million Series D, Nov. 18, 2025
- Type of company: the AI-native platform that changes the way insurance work gets done
- Investors: Growth Equity at Goldman Sachs Alternatives, Emergence Capital, Caffeinated Capital, StepStone Group, Pear VC

"Our diligence in P&C insurance revealed that Federato's AI-native platform delivers a step change in ROI and efficiency compared to prior generations of core systems," said Jade Mandel, managing director, growth equity at Goldman Sachs Alternatives. "Federato has built the full policy lifecycle solution the market has been waiting for, and we're excited to invest in a company whose domain and AI expertise are already delivering measurable results for insurers."

Pibit.AI

- Funding: $7 million Series A, November 20, 2025
- Type of company: a company rethinking underwriting
- Investors: Stellaris Venture Partners, Y Combinator, Arali Ventures

"Pibit.AI was built around one idea: that AI should empower underwriters, not replace them," said Akash Agarwal, founder and CEO. "Too many systems prioritize speed over trust. We're building something that's transparent, explainable, and decision-ready – a system that gives underwriters confidence in every output while helping them move faster than ever before."

"Underwriting has long been constrained by manual reviews, inconsistent data and tools that haven't kept pace with rising submission volumes," said Alok Goyal, partner at Stellaris Venture Partners. "With CURETM, Pibit.AI automates and unifies these workflows, improving accuracy, reducing costs and accelerating quote generation to drive higher revenue. We're excited to partner with Akash and lead Pibit.AI's Series A round as it scales."

Modern Life

-Funding: $20 million Series A, Nov 19, 2025
-Type of company: AI-powered life insurance brokerage
-Investors: Thrive Capital, New York Life Ventures, Northwestern Mutual Future Ventures, Allegis

"Life insurance remains one of the biggest untapped opportunities in financial services," said Nabil Mallick, partner at Thrive Capital. "Modern Life is reimagining how the industry works by empowering advisors with cutting-edge, AI-powered tools, unlocking lasting value for the entire ecosystem."

"Our experience at New York Life Ventures points to a simple truth: advisors are essential to how life insurance is purchased," said Tim Del Bello, head of investments at New York Life Ventures. "Modern Life has built its growth on this foundation, using AI to elevate what advisors do best – serving their clients."