2017 Insurance Investments in Review

Coverager is now tracking 2,500 insurance brands; business models, funding, partnerships, UI…you name it. Our 2017 insurance investments recap highlights how raising money is contagious, and the most funded startups are isolated in a sense that there’s no close second.

 

1. Spotted: upward trend.

 


2. SoFi (SoFired) – with the largest funding round for 2017 – is proof that fintech attempting insurtech isn’t going anywhere.

 

 


3. 27 Series B rounds amounted to $835M; in contrast 117 rounds were for companies at Seed stage.

 


4. Good times to be in the USA, if you can handle the regulatory environment.

 


5. SoftBank is an investor in 3 out of the top 5 companies with the highest amount raised in 2017: SoFi, Nauto, and Lemonade.

 

 


6. London-based Gryphon group plans to launch a life insurer for “today’s digital age.” $228M in funding is interesting. The fact that no one is attempting this in the US is also interesting.

 

 


 


 

 


 

 


 

 


 

 

 


7. 37% of funding was invested in brands innovating in the sales and distribution space, yet majority of funding went to enablers.

 


8. Mind the difference.

 


 

 


 

 


 9. 23% of funding raised was by intermediaries and insurers in the P&C space.

 

 


 

 


 

 


 

 


 

 


 

 


 

 


10. A look at the top 20 rounds raised by brands with a value proposition of either mitigating losses or improving the claims process:

 

 

While Thanksgiving is over, some should be thankful as Lemonade just opened wide the gates of funding. Let the games begin.