Start-up funding

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.

A major stock investment in Acrisure weighed the numbers, however.

A selection of notable investments in insurance startups.

The major increases included both mega-rounds and an influx of early-stage companies.

There were more than 40 rounds of more than $10 million in the quarter.

Insurtech maturity and the pandemic are driving investment.

The risk-analytics provider will buy insurance modeling platform Tyche and another company as it goes public.

The health insurance startup and its existing shareholders are offering 31 million shares at $36 to $38 apiece.

The New York-based company and its existing shareholders are offering 31 million class A shares at $32 to $34 apiece, according to a Monday filing with the U.S. Securities and Exchange Commission.

Insurance company will more than triple its commitment to insurtech startup investment.

Pandemic-challenged year sees the number of deals increase at a higher rate than the value of those deals, though both still rose.

Digital Insurance asks funders what we can expect as the world and industry emerge from the coronavirus era.

Total rounds experienced a holiday lull, but rounds over $10 million ticked higher.

The coronavirus pandemic did little to stop the trajectory of insurtech.

CEO Mario Schlosser said in a statement Monday that it had submitted its draft registration for an IPO to the SEC.

Buoy Health, a startup that makes a widely used Covid-19 symptom checker, has raised $37 million from investors including the venture arms of major insurers Cigna Holding Co., Humana Inc. and UnitedHealth Group.