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Dental Insurance Loyalty Programs mHealth North America

Beam raises $80 million for AI-driven dental coverage that rewards good hygiene

– Beam Dental, a Columbus, Ohio-based dental benefits provider, today announced it has raised $80 million in an oversubscribed series E round led by Mercato Partners.
– Beam says the funds will be put toward expanding its offering to new markets, product R&D, and onboarding employee benefits brokerages.
– Alex Curry, Alex Frommeyer, and Dan Dykes founded Beam in 2012 to make dental care more affordable.
– Using AI, Beam rewards policyholders who brush and floss more with cheaper rates, reflecting the fact that preventative care reduces the likelihood of expensive dental work and emergency visits down the line.

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Dental Insurance Internet of Things North America

Beam Raises $80M in Series E Funding

– Beam Dental is a Columbus, Ohio-based digital-first dental insurer that rewards its members for good dental hygiene.
– The company raised $80m in Series E funding.
– The round was led by Mercato Partners’ growth equity fund, Traverse, with participation from new and existing investors, including Drive Capital, Georgian, Nationwide, and Breakout Capital.
– The new investment will be used to expand its offering to new markets, onboard additional employee benefits brokerages and add additional products.

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Health Care Insurance InsurTech North America

Circulo Raises $50M in Series A Funding

– Circulo Raises $50M in Series A Funding.
– The round was led by Drive Capital and General Catalyst with participation from Oak HC/FT and SVB Capital.
– The new investment will be used to expand the company’s product and technology platform.

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Big Data Europe Financial Services FinTech Information Technology Insurance Payments Robotics

Subaio Raises €4M in Series A Funding

– Subaio is an Aalborg and Copenhagen, Denmark-based subscription management company.
– The company raised €4m in Series A funding.
– The round was led by Global Paytech Ventures (GPT), which was founded by Javier Perez, who recently stepped down from Mastercard.
– The new investment will be used to expand into new European markets and develop new features to its software solution.

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Autonomous Vehicles FinTech Freight Service Insurance InsurTech Logistics North America Transportation

Trucking Insurer Koffie Labs Raises $4.5 Million

– Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.
Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
– Trucking insurance is an essential component of the broader $800b trucking industry and the backbone of the US economy. With commercial auto rates consistently increasing over the last decade, there are few viable options for fleets.
– Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.

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Employee Benefits Insurance North America Property Insurance

Patriot Growth Insurance Services Raises Additional Capital to Support Continued Growth

– Patriot Growth Insurance Services, LLC (“Patriot” or the “Company”), one of the country’s largest and fastest-growing national insurance agencies, today announced that it has closed on a new round of financing in support of its aggressive acquisition and organic growth strategy.
– The additional capital raised represents a significant expansion of Patriot’s existing debt facility.
– The raise is co-led by existing lenders Barings Global Private Finance and Antares Capital LP, and also includes new participant Morgan Stanley Private Credit.
– Based in Fort Washington, PA, Patriot was founded in January 2019 by CEO Matt Gardner, a 30-year veteran of the insurance distribution industry.

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Enterprise Applications Enterprise Software Insurance InsurTech North America SaaS Software

Flueid Secures Series A Funding Led by Aquiline Technology Growth to Empower the Digital Mortgage Lifecycle

– Flueid secures $15m Series A funding led by Aquiline Technology Growth.
– Flueid is the only independent digital solution to enable immediate certainty for title insurability, backed by a choice of underwriters, at the start of the loan lifecycle, empowering customers to take control and streamline their workflow.
– Flueid’s technology delivers instant transparency that mitigates and measurably reduces risk for all parties involved in the transaction thanks to scalability that delivers a defense against the ebb and flow of cyclical real estate markets thereby also solving a huge industry challenge: the time and difficulty associated with closing real estate transactions.

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Analytics Asia Banking Finance Financial Services Insurance Price Comparison Software

Earnix, the Leader in AI-driven Rating, Pricing and Product Personalization for Insurance and Banking, Announces $75M Growth Funding With a Pre-Money Valuation of $1B to Accelerate Its Global Expansion

– Earnix announced $75M in growth funding with a pre-money valuation of $1B.
– The round was led by Insight Partners, with existing investors JVP, Vintage Partners and Israel Growth Partners joining the round.
– The new funding will fuel Earnix’s global expansion into new market segments and regions, increase investment in product innovation, rapidly accelerate hiring and support M&A activities to further anticipate the needs of a rapidly changing market.
– Leveraging this investment, Earnix will continue to bring transformational value to Insurance and Banking by bridging the gap between financial institutions and the needs of their customers.
– Jonathan Rosenbaum, Principal at Insight Partners, will be joining Earnix’s Board of Directors.

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Benefits Financial Direct Sales Employee FinTech Health Care Health Insurance Insurance Medical North America Services Sharing Economy

KindHealth Concludes 2020 With $4 Million in Funding

– KindHealth announced $4m in funding.
– The round was led by David Jones of David Jones Capital, LLC.
– KindHealth is an Austin-based, all-in-one digital health insurance platform.
– KindHealth helps consumers find the best individualized and low-cost health insurance.

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Insurance InsurTech North America

Briza Closes $8M in Funding

– Briza is a commercial insurance-as-a-service API.
– Company raised $8m in Series A funding.
– The round was led by Investment Group of Santa Barbara, with participation from existing investors including 500 Startups.
– The new investment will be used to double the size of its engineering team and increase the supply of insurance markets available to insurance retailers, wholesalers, and developers through its platform.

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