Top insurtech funding rounds, October 2025

November 4, 2025 3:50 PM

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There were about 65 funding events in the insurtech sector in October 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 September, click here. These updates will continue monthly.

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

INSTANDA

-Funding: $20 million investment round on Oct. 15, 2025
-Type of company: no-code insurance platform
-Investors: CommerzVentures, Toscafund, Dale Ventures, former Hiscox CEO Bronek Masojada

Tim Hardcastle, CEO and Co-founder of INSTANDA, said in a statement: "This investment reflects both the strength and potential of our platform, our people, and our vision. We are delighted to work with CommerzVentures and leverage their proven expertise in B2B SaaS. With CommerzVentures onboard and continued support from Toscafund and Dale Ventures, we are poised to scale faster, innovate deeper and deliver even greater value to our diverse client base, from leading MGAs to global carriers operating across multiple markets. At the heart of this next phase of innovation, we will further embed data science and AI in our platform for the benefit of our global client community."

Liberate

- Funding: $50 million Series B on Oct. 15, 2025
- Type of company: the AI company reinventing how insurance carriers and agencies operate and serve their customers
- Investors: Battery Ventures, Canapi Ventures, Redpoint Ventures, Eclipse, Commerce Ventures

"Our singular focus on the P&C insurance industry, pre-packaged integrations into most major carrier core systems & agency management systems, and emphasis on end-to-end resolution of calls and emails has enabled us to demonstrate real ROI with every carrier and agency we work with," said one of the founders Amrish Singh.

Meanwhile

- Funding: $82 million on Oct. 7, 2025
- Type of company: Bitcoin life insurance company
- Investors: Haun Ventures, Bain Capital Crypto, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, Stillmark

"Life insurers have always provided the steady, long-term capital that keeps financial markets moving. We're bringing that same role to Bitcoin—helping families save and protect wealth in BTC, while giving institutions new ways to earn returns and launch bitcoin-indexed products that are compliant and easy to scale. This raise lets us build on what's working and expand it with partners around the world," said Zac Townsend, CEO of Meanwhile.

FurtherAI

- Funding: $25 million Series A on Oct. 7, 2025
- Type of company: AI for insurance industry
- Investors: Andreessen Horowitz, Nexus Venture Partners, Y Combinator

"We're grateful to partner with leaders across the industry as they modernize operations," said Aman Gour, co-founder and CEO of FurtherAI. "Insurance is the backbone of the economy, but the people running it have been stuck with outdated tools. With this funding, we're doubling down on building AI workflows that give underwriters, brokers, and claims teams superpowers - freeing them to focus on the work that truly matters."

Bluefields

- Funding: $15 million on Oct. 29, 2025
- Type of company: a modern Managing General Agent (MGA) platform purpose-built for underserved and complex specialty markets
- Investors: Crosslink Capital, Equal Ventures, American Family Ventures, Greenlight Re and others

"The most interesting opportunities in insurance aren't in the obvious places—they're in the gaps no one else is solving," said Cam Serigne, founder and CEO of Bluefields. "Bluefields was built to find those markets and bring modern tools and smarter solutions where they've never existed before."