Venture funding

Kim shares with Digital Insurance her take on what is happening in the insurtech space in terms of venture capital funding and the impact of the climate crisis on digital solutions.

There were more than 30 funding events in the insurtech sector between June 1 and June 30, 2023, according to a review by Digital Insurance.

Having first focused on pet insurance, the seven-year-old firm has since expanded into parcel, fire, home and health products. It also insures digital assets from hacking and malware and theft.

Longtime industry executive Henna Karna joins as entrepreneur-in-residence

The company, which currently operates in six countries, is planning to use some of the funding to develop a platform for other insurers to build insurance products via Wefox's technology.

The Global Insurtech Report highlights sector investments, which are up from the last quarter of 2022.

The insurer is investing in startups, including insurtech Surround Insurance, to generate positive social impact alongside financial returns.

Fintechs were already clustered in New York and San Francisco. Now that most startups work with the four largest banks, it's even harder to create new technology in the heartland.

There were more than 30 funding events in the insurtech sector.

Most rounds were Series A or earlier.

Digital Insurance spoke with Alex Cook, head of strategic capabilities at New York Life Ventures.

Dayforward announced a $25 million Series B funding round.

The rate of venture funding to startups run by women continues to decline.

One company gathered $15 million in funding.

The value of new VC deals globally is down 42% in the first 11 months of this year compared to last, to $286 billion, according to research firm Preqin.

Climate-tech venture funding is holding strong , according to the latest figures from clean energy research firm BloombergNEF.

The platform allows homeowners to pay for their mortgage and recommends other home services of value.

Findings from Embroker indicate that startup founders are shifting their focus to managing risks surrounding reputation and social responsibility.

Pie Insurance Services Inc. raised $315 million in equity funding, even as many early stage investors pull back from financial-technology startups.

The Columbus, Ohio-based VC is bullish on the midwest being the next startup hub.