Top insurtech funding rounds, Q3 2019

October 21, 2019 5:48 AM

Chris Marlin, founder and president of Lennar International LLC, speaks during the Bloomberg New Economy Forum solution session in New York, U.S., on Friday, June 14, 2019. Lennar is among the lead investors in Hippo's Series D round, one of several insurtech rounds over $100 million in the third quarter of 2019.

Christopher Goodney/Bloomberg

Chris Marlin, founder and president of Lennar International LLC, speaks during the Bloomberg New Economy Forum solution session in New York, U.S., on Friday, June 14, 2019. Lennar is among the lead investors in Hippo's Series D round, one of several U.S. insurtech rounds over $100 million that have occurred in 2019. Digital Insurance has compiled some rounds of note from the third quarter of the year, using data from Crunchbase, following.

Root

The home and renter's insurtech root is taking off with a $350 million Series E, led by DST and Coatue. Its total value is now $3.65 billion.

Hippo

Also in the home insurance space, this company's $100 million Series D brought its total valuation over $1 billion.

Ethos Life

Famously backed initially by rapper Jay-Z, Ethos Life's $60 million Series C was led by GV in August.

BriteCore

Working on a core policy processing platform for insurers, BrightCore was able to get a $47.5 million venture round this summer.

Kin Insurance

Another company entering the homeowners insurance vertical, Kin Insurance raised a $47 million venture round in August.

Bold Penguin

Working on a distribution platform for commercial insurance, insurtech veterans Bold Penguin added a $32 million Series B with funding from Hudson Structured Capital Management Ltd., Lightstone, Guggenheim Insurance, Lockton, and more.