Top insurtech funding rounds, April 2025

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There were about 53 funding events in the insurtech sector between April 1 and April 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 the month of March, click here. These updates will continue monthly.

Northern Re

• $100,000,000.00, Undisclosed, April 29
• Type of company: Reinsurer for property and casualty risk

"This raise represents a strong vote of confidence in our business model and growth strategy," said Anthony McKelvy, cofounder and managing partner of Northern Re. "We're particularly pleased to welcome new investors with long-term perspectives on the Casualty ILS market alongside our existing partners who continue to support our vision."

Steadily

• $30,000,000.00, Series C, April 23 
• Type of company: Property and liability insurance for rental properties
• Investors: Two Sigma Ventures, Matrix, SV Angel, Next Coast Ventures, Clocktower Technology Ventures

"Despite owning 40% of America's rental units, individual landlords have been dramatically underserved by the insurance industry," said Colin Beirne, partner at Two Sigma Ventures. "Steadily created a solution specifically designed for rental property owners, not just retrofitted homeowner policies. As landlords themselves, they understood the pain points firsthand and built technology that simplifies the entire process. Their impressive growth confirms they're addressing a significant need in the market. We're thrilled to back Darren and the Steadily team as they continue to transform insurance for America's millions of property investors."

Equal Parts

• $10,000,000.00, Seed, April 1 
• Type of company: Insurance agency bringing AI tools to agents' human connections
• Investors: Max Ventures, Equal Ventures

"Independent agencies grounded in strong relationships are the backbone of the insurance sector, and they are facing significant challenges," said CEO and cofounder Mike Witte. "We believe that the future of insurance is equal parts innovation and relationships, equal parts technology and tradition — and that the winner will take both of those parts to the extreme."

LogRock

• $8,000,000.00, Undisclosed, April 2 
• Type of company: Digital insurance group for trucking operations
• Investors: Better Tomorrow Ventures, Dynamo, QED, 9Yards Capital

1Fort

• $7,500,000.00, Seed, April 17
• Type of company: AI-powered business insurance platform
• Investors: Bonfire Ventures, Draper Associates, Village Global, BrokerTech Ventures, Company Ventures

"Our mission is to help every business obtain the financial protection they need to keep up with today's fast-moving risks, and empowering insurance brokers with AI to automate their antiquated workflows is the way to achieving it," said Anthony Marshi, 1Fort cofounder and CEO. "This investment will allow us to grow even faster by doubling down on our AI features and strengthening our broker and carrier partnerships. We're grateful for our investors who share our vision in transforming business insurance."

Vivere Partners

• $7,500,000.00, Series A, April 3 
• Type of company: MGA for specialty insurance
• Investors: General Catalyst, Pathlight Ventures, Greenlight Reinsurance

"We're thrilled to partner with Vivere as they seek to redefine the specialty insurance industry utilizing applied AI," said Marc Bhargava, managing director of General Catalyst. "The combination of a deep insurance underwriting foundation and a differentiated approach to technology aligns perfectly with our belief in AI's transformative potential. We're confident Vivere will lead this transformation and deliver a new standard for the insurance experience."

Further AI

• $5,000,000.00, Undisclosed, April 2 
• Type of company: Autonomous AI assistants for insurance tasks
• Investors: Nexus Venture Partners, Pioneer AI Fund, South Park Commons, Y Combinator, ConvergeVC, Xceedance

"We've seen a lot of untapped potential because traditional models don't fully meet the unique needs of specialized insurance," said Sashank Gondala, cofounder and CTO of FurtherAI. "At FurtherAI, we're committed to building far better and more accurate solutions while upholding the strict privacy and compliance standards that the industry demands."

Ceto

• $4,800,000.00, Undisclosed, April 30 
• Type of company: AI data insights for maritime insurance
• Investors: Dynamo Ventures, Howden Ventures, Signal Ventures, and Motion Ventures

"Maritime operations are the backbone of industry, with 80% of global trade by volume taking place over sea," said Santosh Sankar, managing partner of Dynamo Ventures. "An industry with this much global reliance is insured using analog practices that are a hundred years old. Ceto's quest to reshape the future of maritime insurance is not just inspirational – it's necessary. Our world won't move forward if our supply chain is stuck in the past, and Dynamo is excited to be supporting Ceto as they embark on this journey to improve how these assets are monitored, maintained, and insured."

Dorothy

• $650,000.00, Undisclosed, April 1 
• Type of company: Property claims tech for the recovery industry
• Investors: Plug and Play, Lightspeed Venture Partners, Everywhere Ventures, Hustle Fund, Third Sphere

Lucid Insurance

• $295,000.00, Undisclosed, April 2 
• Type of company: MGA and specialty wholesale broker