Apiary Capital, which invested in the company in 2023, will exit as part of the transaction.

The program will support training for Wildfire Mitigation Specialists and focus on residential properties, with potential expansion to critical infrastructure if additional funding becomes available.

Alan operates in France, Belgium, Spain, and Canada and works with more than 37,000 businesses.

Indian cyber-insurance broker has raised $15 million in a Series B funding round led by Bessemer Venture Partners.

The deal gives Lemonade another source of growth capital tied directly to customer acquisition economics, rather than traditional equity financing.

The company, which employs more than 200 people, had previously raised $78.7 million in funding.

The investment will help support Matic's continued development of its insurance platform.

The funding will support hiring and product development for blockchain finance.

Novel Financial Holdings is an insurance holding company focused on underwriting and insurance services.

Ralo is an AI-native mortgage brokerage.

The round was co-led by Bicycle Capital and Group 11, with participation from Antler, Bain Capital Ventures, Tru Arrow Partners, Clal Insurance, and other investors.

Insurers are showing up on both sides of this deal — as backers and as the test bed.

PruVen participated in the round.

Raises $40M Series B.