2020: A look at first-timers
82 insurance companies announced – for the first time – an investment round in 2020. We’re going to break it down and sum it up.
7 Insurers ($2.56B Raised)
1. Genworth MI Canada; Mortgage default insurance, Canada, $1.2B Post IPO Equity. 2. Inigo; Specialty insurance and reinsurance business, UK, $800M Privte Equity. 3. Jackson; Provider of retirement solutions, US, $500M Secondary Market. 4. Branch; Insurer built to optimize the process of bundling home and auto insurance, US, $24M Series A. 5. Dayforward; Life insurer, US, $20M Series A. 6. Noblr; Auto insurance that rewards responsible driving, US, $10M Series Unknown. 7. Angle Health; Health insurance provider, US, $4M Seed.
25 Tech Providers ($93.6M)
8. Igloo; On-demand insurance platform, Singapore, $16M Series A. 9. Coherent; Digital solutions for global insurers, $14M Series A. 10. Noyo; APIs that power health insurance distribution, US, $12.5M Series A. 11. AgentSync; App that automatically enforces state producer licensing and appointment regulatory requirements, US, $6.7M Seed (12/2/2020) + $4.4M Seed (8/4/2020). 12. Insurwave; Platform for the entire insurance ecosystem, UK, $6.4M Seed. 13. Bambi Dynamic; Platform for mobility insurance, Israel, $6M Series A. 14. Envelop Risk Analytics; Specialty cyber reinsurance MGA, UK, $4.3M Series A. 15. Highwing; Open data platform for commercial insurance, US, $4M Seed. 16. Aventus; Insurance operating system, UK, $3.4M Seed. 17. Relay Platform; Reinsurance platform, Canada, $3M Seed. 18. Monk.ai; Software solutions that evaluate any item’s condition based on its visual aspect, France, $2.3M Seed. 19. Briza; Commercial insurance API, Canada, $2.7M Seed. 20. Penni.io; Distribution platform, Denmark, $2.2M Seed. 21. Ensurise; Specialty insurance agency, US, $2.2M Series Unknown. 22. XILO; Quoting software for agents, US, $2M Seed (12/18/2020) + 100K Pre Seed (7/1/2020) + $40K (2/2/2020) + $300K (1/23/2020). 23. n2uitive Corporation; Conversational analytics for claims, US, $1.3M Series Unknown. 24. Amplify Intelligence; Data-driven approach to reduce Cyber Insurance losses, Australia, $134K Grant. 25. Summary Medical; Software to automate the review of medical records for life insurance underwriters, US, $75K Grant. 26. AgriRisk; Risk analysis for crop credit and insurance, Brazil, $35K Pre Seed. 27. Benecon Group; A financial & insurance company that deals with developing and managing self-funded health insurance purchasing programs, US, Undisclosed round. 28. Davies Group; Insurance claims services, UK, Undisclosed round. 29. ePayPolicy; Digital payment processing for the insurance industry, US, Undisclosed round. 30. Gerald; Retention and engagement API, US, Undisclosed round. 31. MetaMorphoSys Technologies; SaaS-based digital insurance platform, India, Undisclosed round. 32. VIPR; IT solutions for the insurance industry, UK, Undisclosed round.
5 MGAs ($60.4M)
33. Buckle; Insurance MGA targeting rideshare drivers, US, $31M Series A. 34. Foresight Commercial Insurance; MGU providing commercial casualty insurance for high-hazard companies, US, $20.5M Series A. 35. Kettle; Reinsurance MGA for wildfire risk, US, $4.7M Seed. 36. Evertas; Helps companies reduce their exposure to cryptoasset related risk, US, $2.8M Seed. 37. Loadsure; MGA offering freight insurance by integrating with third-parties online, UK, $1.4M Seed.
1 Inactive
38. SafetyNet; Income protection provider, US, Undisclosed round.
1 Not Quite Live
39. Rnwl; Insurance renewal sorted, UK, $192K Equity crowdfunding (9/14/2020) + $494K Pre Seed (4/7/2020).
1 in Travel
40. Insured Nomads; Insurance company for digital nomads, US, Undisclosed round.
10 in L&H ($47.4M)
41. Nava; Benefits brokerage, US, $20M Series Unknown. 42. DPL Financial Partners; RIA insurance network, US, Undisclosed round. 43. Collective Benefits; Membership community that offers workplace benefits, UK, $4.3M Seed. 44. Jenny Life; Term life insurance provider targeting women, US, $3.5M Series A. 45. PolicyMe; D2C life insurance, Canada, $3.3M Series Unknown (3/11/2020) + $25K Grant (1/24/2020). 46. Vlot; Life insurance offering with triggered events, Switzerland, $1.1M Seed. 47. GIGI Benefits; Benefits offering to freelancers and gig workers, India, $150K Seed. 48. Patriot Growth Insurance Services; national agency, US, Undisclosed round. 49. Vida Life; Life and savings products to the US Hispanic community, US, Undisclosed round. 50. Worthright; Unlocking life insurance to provide for the aging world, US, Undisclosed round.
1 in Pet
51. Bingo; Pet insurance provider, US, Undisclosed round.
1 in Title
52. Blueprint Title; Title and escrow company, US, $8.5M Series A.
9 in Commercial ($517.4M)
53. Ki Insurance; Algorithmically-driven Lloyd’s of London syndicate offering instant capacity for brokers, UK, $500M Private Equity. 54. HDVI; Truck insurance program, US, $16M Series A. 55. Now Insurance Services; Commercial insurance portal, US, $1.3M Seed. 56. StartSure; Small business insurance provider, US, $100K Seed. 57. Quintes Holding; Independent insurance broker serving the Dutch SME sector, The Netherlands, Undisclosed round. 58. Inszone Insurance; Privately held insurance agency, US, Undisclosed round. 59. Honan Insurance Group; Commercial insurance broker, Australia, Undisclosed round. 60. TigerRisk Partners; Privately-held reinsurance broker and risk/capital management advisor, US, Undisclosed round. 61. SP&G Insurance Brokers; Commercial insurance broker specializing in coverages for the aviation market, US, Undisclosed round.
5 in Healthcare ($28.5M)
62. Sehteq; Digital health insurance platform that offers affordable insurance plans for individuals and companies, UAE, $20M Series Unknown. 63. Plum Benefits; Health insurance and health benefits, India, $4M Seed (11/20/2020) + $1M Seed (7/14/2020). 64. LifeRaft; Supplementary health insurance products for patients, US, $3.5M Seed. 65. Zing Health; Insurance company making Medicare Advantage the best it can be for those 65-and-over, US, Undisclosed round. 66. Fair Square Medicare; Consumer-friendly way for seniors to buy health insurance, US, Undisclosed round.
8 in Auto ($61.0M)
67. Tricolor; Used car dealer, US, $30M Series Unknown. 68. InsuranceDekho; Insurance aggregator by CarDekho, India, $20M Corporate Round. 69. TONI Digital; Provider of insurance solutions, Switzerland, $6.2M Seed. 70. Salty Dot; Embedded insurance proposition, US, $3.7M Series Unknown. 71. ARCA; Marketplace for vehicle insurance, Mexico, $1.2M Seed. 72. WIMWIsure; AI-enabled insurance services platform, India, Undisclosed round. 73.Vero; Insurance broker, US, Undisclosed round. 74. Carriot; Smart car insurance, Germany, Undisclosed round.
8 – the rest ($45.9M)
75. Baldwin Risk Partners; Provides private risk management, commercial risk management, employee benefits, and Vitality™ programs, US, $24.4M Post IPO Equity. 76. Wishleaf; Digital insurance company, India, $15M Series A (9/25/2020) + $1.3M Seed (9/25/2020). 77. Steadily; Landlord insurance, US, $3.8M Seed. 78. Coverd; Smartphone coverage provider, France, $1.2M Series Unknown. 79. Covercasa; Home insurance aggregator, US, $250K Pre Seed. 80. AssureGuru; Insurance agency, US, $95K Seed. 81. Marinsight; Data analytics company for marine insurers, UK, Undisclosed round. 82. JaSure; On-demand insurance, South Africa, Undisclosed round.
