Start-up funding

There were 41 rounds this month.

The Singapore-based company is working with financial advisers and a formal funding round may kick off later this year, the people said, asking not to be identified because the information is private. It plans to use the proceeds for expansion, they said.

ProNavigator, a purpose-built SaaS knowledge management platform, has a goal to provide accurate information in seconds.

Amplify, a digital life insurance platform, is focused on helping customers build wealth through permanent life insurance.

The fintech startup is working with advisers on a potential deal and is in early talks with Catcha Investment Corp., the special purpose acquisition company set up by internet entrepreneur Patrick Grove, said the people, who asked not to be named as the process is private.

The three winning teams will split $200,000 in prizes. Eligible insurtechs include those that had less than $250,000 in revenue last year.

More seed and pre-seed rounds in the final month of the year.

During, “The View from Venture Capital,” at the Digital Insurance DIGIN conference, Dec. 10, three experts involved in venture capital firms discussed what they look for when funding a company and what’s ahead for the industry.

There were an equal amount of rounds of more than $20 million and seed or pre-seed rounds.

Addition Capital, Coatue Management and serial entrepreneur Elad Gil led the funding round in the Mountain View, California-based company, now worth $3.6 billion -- nearly triple the valuation from another round last year.

The funding round was led by AIA Insurance Inc. as Tiki looks to expand into life insurance and plans a U.S. initial public offering.

There were nine rounds of more than $20 million this month.

The Palo Alto, California-based company is now valued at $900 million, according to people with knowledge of the matter.

Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million from investors including G Squared and Japanese insurer Sompo Holdings Inc.

Thiel invested more than $20 million in HySpecIQ LLC, the startup said. The cash will enable the Herndon, Virginia-based company to build and launch two satellites with cameras featuring advanced sensors to peer through solid objects in early 2023.

Truepic Inc., which helps companies like banks and insurers fight fraud by verifying images, raised $26 million in a funding round led by Microsoft Corp.’s M12 venture capital arm.

Its the biggest investment the vehicle has made to date in South African startups.

There were about 36 funding rounds in the insurtech sector in July, according to a review by Digital Insurance and with data from Crunchbase.

Amount raised in this time period was more than all of 2018.

A selection of 36 rounds recorded in the U.S., Canada and Europe.