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Auto Insurance Commercial Insurance FinTech Health Insurance Insurance InsurTech Predictive Analytics Property Insurance Southeast Asia

Bangkok-based insurtech Sunday banks $45M Series B from investors like Tencent

– Sunday, an insurtech startup based in Bangkok, announced it has raised a $45m Series B.
– Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures Southeast Asia & India, Quona Capital, Aflac Ventures and Z Venture Capital.
– The company says the round was oversubscribed, and that it doubled its revenue growth in 2020.
– Founded in 2017, Sunday describes itself as a “full-stack” insurtech, which means it handles everything from underwriting to distribution of its policies.
– Its products currently include motor and travel insurance policies that can be purchased online, and Sunday Health for Business, a healthcare coverage program for employers.
– Sunday also offers subscription-based smartphone plans through partners.

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North America Property Insurance Real Estate

Blueprint Title raises $16M Series B to grow its title-focused insurtech business

– Blueprint Title, an insurtech startup working in the title insurance space, announced that it closed a $16 million Series B.
– The new round was led by Forté Ventures.
– Blueprint is different from the Roots and MetroMiles and Hippos that debuted via traditional IPOs or SPACs; it largely sells to business customers and has a very different product on offer.

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Analytics Artificial Intelligence Information Technology InsurTech Machine Learning North America Property Insurance Real Estate

CAPE Analytics Raises $44 Million, Led by Pivot Investment Partners

– CAPE Analytics announced $44m in Series C financing, led by Pivot Investment Partners.
Aquiline Technology Growth and HSCM Bermuda also joined the Series C round, with across-the-board participation from existing investors, including Formation8 and Brewer Lane Ventures.
– The infusion of capital will be used to accelerate the creation of new property insights, powered by machine learning, for CAPE’s growing client base.
– CAPE Analytics serves over 50 subscription customers across insurance and real estate markets, such as Hippo Insurance, Amica Insurance, and State Auto Insurance.
– The Series C funding will allow CAPE Analytics to diversify its suite of data sources and partnerships, expand its coverage footprint in the U.S., Canada, and beyond, and grow its team of machine learning, data science, and risk experts.

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Home365 Raises $16.3M in Funding

– Home365, a PropTech/InsureTech residential Real Estate investment and property management company, raised $16.3m in funding.
– The round was led by Greensoil PropTech Ventures II (GSPV II) with participation from Eyal Ofer, O.G. Tech, Verizon Ventures, Lool Ventures and North First Ventures.
– The company intends to use the funds to accelerate its end-to-end technology platform and its expansion into more of the top 100 markets across the United States.

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Auto Insurance Insurance InsurTech North America Property Insurance

Branch Insurance Raises $50M in Series B Funding

– Branch Insurance from Columbus, OH provides home and auto insurance services to its customers.
– The company raised $50m in Series B funding.
– The round was led by Anthemis Group with participation from Acrew, Cherry Creek Holdings, and existing investors Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital, and Tower IV.
– The new investment will be aimed at accelerating the company’s rollout across the U.S. to enable more national embedded partnerships.

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Auto Insurance Insurance InsurTech North America Property Insurance

Branch raises $50M to offer bundled auto & home insurance via an API

– Branch Insurance, a startup offering bundled home and auto insurance, has raised $50m in a Series B funding round.
– The round was led by Anthemis Group and joined by Acrew, Cherry Creek Holdings and existing backers Greycroft, HSCM Bermuda, American Family Ventures, SignalFire, SCOR P&C Ventures, Foundation Capital and Tower IV.
– With this latest financing, Columbus, Ohio-based Branch has raised $82.5m in total funding since its 2017 inception.

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Financial Services Insurance InsurTech North America Property Insurance

Kin Insurance Closes $69.2M Series C Funding

– Kin Insurance, a Chicago, IL-based insurance technology company, raised $69.2M in Series C funding.
– The round was originally co-led by Hudson Structured Capital Management Ltd. (doing its re/insurance business as HSCM Bermuda) and Senator Investment Group.
– New investor – Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his team, joined along with Flourish Ventures, a global fintech fund founded by Pierre Omidyar, the founder of eBay.
– The company intends to use the funds to ramp up hiring and expand into new markets such as Texas and the Gulf Coast, and hurricane-prone regions that touch the Atlantic Ocean.

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Latin America Marketplace Property Insurance Real Estate Software

Fresh out of YC, Houm raises $8M to improve the home rental and sales market in LatAm

– Houm, a Latin American real estate platform, raised $8m in seed funding.
– The current funding round had no lead investor but includes Y Combinator, Goodwater Ventures, OneVC, Vast VC, Liquid2 and Myelin.
– The company plans to use the funding to expand its operations in Latin America.

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Auto Insurance Financial Services Insurance InsurTech Mobile North America Property Insurance

Sigo Raises $1.5M in Seed Funding

– Sigo is a Jersey City, NJ-based managing general agency providing underserved populations with access to auto insurance.
– The company raised $1.5M in seed funding.
– Backers included Amicle Capital, Bonded Capital Ventures, Demeter Capital, Financial Solutions Lab, Park City Angels, and gANGELS.
– The company intends to use the funds to continue to expand operations and the business reach of its auto insurance product for immigrant and Latinx customers.

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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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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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