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Auto Insurance Financial Services InsurTech North America

Clearcover Scoops Up $200M Series D Round

– Clearcover, the smarter car insurance choice, has closed $200m in Series D funding.
– The round was led by Eldridge, with participation from existing investors American Family Ventures, Cox Enterprises, OMERS Ventures, as well as several other new investors.
– Clearcover has raised $329m in total funding to date.

Auto Insurance FinTech Insurance InsurTech Mobile North America Property Insurance Software

Snapsheet Scoops Up $30M Series E2 Round

– Snapsheet, a pioneer in virtual appraisals and a leader in cloud-native claims management software, has raised $30M in Series E2 funding.
Ping An Global Voyager Fund and Pivot Investment Partners led the round.
– Existing investors include Nationwide, Liberty Mutual, Intact Ventures, Tola Capital, Commerce Ventures, among others.
– These new funds will be used to accelerate growth and add new functionality to Snapsheet’s cloud native end-to-end claims management platform.

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Auto Insurance Commercial Insurance Europe Finance FinTech Insurance InsurTech Professional Services Small and Medium Businesses

Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation

– Zego, an insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150m.
– The funding round was led by DST Global and joined by General Catalyst, whose founder and MD, Joel Cutler, joins Zego’s board.
– Notable investors include Wise’s Taavet Hinrikus, who is also on the Zego board, and Target Global, Balderton Capital and Latitude.
– The insurance company says it will use the funding to “rapidly expand across Europe and beyond”.
– It will also double its workforce, which currently stands at 265 employees, to over 500 employees by the end of 2021, and continue to invest in technology.

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Auto Insurance Finance Insurance North America

Ratesdotca Raises $51M in Funding

– Ratesdotca Group Ltd. is a Toronto-based platform for insurance and money products.
– The company raised $51m in funding round.
– The round was a combination of additional equity investment from majority shareholder Ontario Teachers’ Pension Plan Board and debt financing led by BMO Financial Group through a syndicated facility with TD Bank Group.
– The new investment will be used to invest in technology to create a digital insurance shopping experience.

Source
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