Insurtech Startup Funding

DataBraid

Location: Toronto, Canada

Website: databraid.io

Funding: secures $1.9 m

Date: 17 days ago

DataBraid is a Toronto-based insurtech startup offering a unified platform that consolidates multiple insurance carrier portals, streamlining rate comparisons, application submissions, and claims processing to reduce operational inefficiencies and improve broker margins.

Pace

Location: -

Funding: Raises $46 M

Date: 29 days ago

Pace offers AI-driven automation solutions for insurance operations, enabling insurers and brokers to automate workflows and scale processes globally.

Outmarket AI

Location: -

Funding: raises $17M

Date: 43 days ago

Outmarket AI provides an AI-driven operating layer that connects insurance brokerages to a unified workflow intelligence platform, automating and streamlining fragmented insurance processes.

Roadzen Inc.

Location: Burlingame, California

Website: roadzen.ai

Funding: Secures LOI for $30 M

Date: 57 days ago

Roadzen Inc. is an AI-driven insurtech company specializing in commercial auto insurance underwriting and risk management, providing scalable capacity and leveraging its U.S. producer network to meet over $50 million in committed premium demand.

Yuzu Health

Location: -

Funding: Raises $35M

Date: 81 days ago

Yuzu Health modernizes health insurance Third-Party Administrator infrastructure with its unified insurance operating system, enabling TPAs to replace legacy systems and streamline operations.

Handl Health

Location: -

Website: handlhealth.com

Funding: Raises $14.2M

Date: 118 days ago

Handl Health is an insurtech company that leverages data-driven and dynamic plan design to optimize employer-sponsored health insurance benefits, reducing costs and improving employee care outcomes.

General Magic

Location: -

Funding: raises $7.2M

Date: 122 days ago

General Magic offers AI-powered automation solutions for insurance providers, cutting quote processing time to three minutes and reducing inbound call volume by 30% through rapidly deployable AI agents.

Neural Earth

Location: Miami, Florida, USA

Website: neural-earth.io

Funding: Closes $9.3M

Date: 122 days ago

Neural Earth offers an AI-powered geospatial risk intelligence platform for property and casualty insurers and real estate companies, enabling them to assess and manage climate-driven risk complexities more effectively.

General Magic

Location: Toronto, Canada

Funding: secures $7.2 m

Date: 122 days ago

General Magic is a Toronto-based insurtech startup that develops AI-powered text messaging agents to automate and streamline customer interactions for insurance carriers, reducing hold times and bridging legacy data systems with modern intelligence.

General Magic

Location: Toronto, Canada

Funding: Raises Oversubscribed US$7.2M

Date: 122 days ago

General Magic is a Toronto-based insurtech startup that uses AI agents to automate customer interactions across pre-quote, post-quote, and claims workflows, reducing insurance quote times to three minutes and saving broker teams hundreds of hours monthly.

Qumis

Location: Chicago, Illinois, USA

Funding: secures $4.3M

Date: 126 days ago

Qumis is an attorney-trained AI platform that delivers commercial insurance coverage intelligence, enabling insurers and brokers to analyze policy language, detect coverage gaps, and streamline underwriting and claims processes.

Qumis

Location: Chicago, USA

Website: qumis.ai

Funding: Raises $4.3M

Date: 127 days ago

Qumis is an attorney-trained AI platform delivering commercial insurance coverage intelligence, enabling insurers and brokers to quickly and accurately analyze and interpret policy terms and coverage nuances.

Anterior

Location: -

Website: anterior.com

Funding: Secures $40M

Date: 134 days ago

Anterior provides clinician-led AI solutions for health insurance plans, leveraging a forward-deployed model to deliver high-accuracy clinical decision support and streamline payer operations.

Equal Parts

Location: Austin, Texas

Funding: Raises $23M

Date: 135 days ago

Equal Parts is an Austin-based insurtech agency that acquires independent insurance agencies and develops AI-powered tools to extend their reach and impact, aiming to reach $1 billion in premiums within 24 months.

Advance

Location: New York, USA

Website: advancehq.com

Funding: Raises $8.55M

Date: 140 days ago

Advance is an insurtech platform for insurance intermediaries. It reduces operational friction and transforms premium payments into revenue by ensuring premium dollars are controlled and earning.

Artificial Labs

Location: London, United Kingdom

Funding: Raises $45M

Date: 143 days ago

Artificial Labs is a London-based insurtech company that builds digital broking and underwriting technology for brokers, carriers, and managing general agents, enabling them to streamline operations and drive innovation in the insurance sector.

Fulcrum

Location: -

Funding: raises $25 m

Date: 149 days ago

Fulcrum offers an AI-driven platform that helps insurance brokerages modernize their workflows by deploying AI agents to handle coverage assessments and claims analysis, improving efficiency and accuracy.

Fulcrum

Location: -

Funding: Secures $25M

Date: 149 days ago

Fulcrum provides an AI-powered platform that automates and streamlines insurance brokerage workflows, helping large brokerages reduce manual tasks and improve operational efficiency.

Modern Life

Location: -

Funding: Raises $20M

Date: 217 days ago

Modern Life is an AI-powered life insurance brokerage offering advisors a proprietary platform that leverages artificial intelligence to streamline policy placement and expand strategic partnerships nationwide.

Modern Life

Location: -

Funding: Raises $20M

Date: 218 days ago

Modern Life offers an AI-driven digital platform that unifies quoting, underwriting, and case management for life insurance advisors, streamlining the policy process and significantly reducing cycle times.

Pibit.AI

Location: -

Website: pibit.ai

Funding: raises USD $7 m

Date: 218 days ago

Pibit.AI’s CURE platform uses AI to centralize and automate insurance underwriting risk assessments, enabling insurers and managing general agents to accelerate decision-making and improve underwriting accuracy.

Modern Life

Location: United States

Funding: Raises $20M

Date: 218 days ago

Modern Life is an AI-driven insurtech platform that streamlines life insurance underwriting and approvals, eliminating delays and providing insurers and advisors with faster decisions and unified workflows.

Anzen

Location: San Francisco, California

Funding: Raises $16M

Date: 225 days ago

Anzen provides AI-driven workflow automation and integration solutions for insurance carriers and agency management systems, streamlining operations for retail insurance agents.

Avallon

Location: New York City

Funding: Secures $4.6 M

Date: 228 days ago

Avallon is an AI-powered insurtech startup that automates insurance claims tasks—initially for workers’ compensation and automotive—enabling insurers to streamline processing and accelerate resolution times.

Avallon

Location: -

Funding: Raises $4.6M

Date: 231 days ago

Avallon offers an AI-driven claims automation platform for third-party administrators in the insurance industry, streamlining the full lifecycle of claims from intake to resolution and addressing staffing shortages and operational complexity.

EverQuote

Location: -

Funding: Raised to $40.00

Date: 231 days ago

EverQuote operates an online insurance marketplace that uses data analytics to match consumers with insurance providers, delivering personalized quotes and facilitating insurance purchases.

The Policy Exchange

Location: New Delhi, India

Website: thepolicyexchange.com

Funding: Raises $1.5 M

Date: 231 days ago

The Policy Exchange is an insurtech startup offering innovative digital insurance and financial solutions aimed at disrupting traditional insurance models and improving policy accessibility and customization.

SehaTech

Location: Egypt

Funding: Raises $1.1m

Date: 239 days ago

SehaTech is an Egypt-based insurtech startup that uses AI to automate medical approvals, claims, and billing for insurers and healthcare providers, streamlining processes and enhancing operational efficiency.

GramCover

Location: India

Funding: raises $7 m

Date: 244 days ago

GramCover is an insurtech startup that provides technology-driven insurance solutions tailored for rural India, aiming to improve accessibility, strengthen its product offerings, and scale its business operations.

SehaTech

Location: Egypt

Funding: Raises $1.1 M

Date: 245 days ago

SehaTech is an Egyptian insurtech startup that offers an AI-powered health insurance platform to streamline policy issuance and management, aiming to expand affordable, tech-driven healthcare coverage across Egypt and other emerging markets.

Avallon

Location: New York City

Funding: Secures $4.6 M

Date: 246 days ago

Avallon develops AI-powered agents that automate repetitive insurance claims tasks, streamlining processing and improving accuracy across workers’ compensation, automotive insurance, and other lines of insurance.

SehaTech

Location: Egypt

Funding: closes $1.1 m

Date: 249 days ago

SehaTech is an Egyptian insurtech startup that leverages AI to streamline health insurance underwriting and claims processing, expanding affordable coverage access across Egypt.

ClaimSorted

Location: New York, U.S. & London, UK

Funding: closes $13.3M

Date: 249 days ago

ClaimSorted is a digital claims third-party administrator that delivers a five-star policyholder experience while enabling insurers to cut operational and indemnity costs through its technology-driven platform.

PAYDAY

Location: Tunisia

Funding: Raises Financing at $3M

Date: 249 days ago

PAYDAY is a Tunisian insurtech and fintech startup that provides digital insurance and financial service solutions through its online platform, aiming to simplify and streamline customer access to insurance products and payments.

Stand

Location: United States

Funding: closes $35m

Date: 252 days ago

Stand is a US-based insurtech startup offering insurance products specifically designed to cover extreme weather risks. It recently closed a $35 million Series B funding round to expand its operations from California into Florida.

PAYDAY

Location: Tunisia

Funding: Raises $3 M

Date: 252 days ago

PAYDAY is a Tunisian fintech-insurtech startup offering salary-backed credit and micro-Takaful insurance solutions to expand access to financial protection.

Cirata

Location: -

Funding: secures $3.1m

Date: 256 days ago

Cirata is a London-based insurtech company that provides an AI-driven claims analytics and automation platform, enabling insurers to optimise risk assessment, streamline claims management, and improve operational efficiency.

ClaimSorted

Location: New York, USA and London, UK

Website: claimsorted.com

Funding: Raised $13.3 M

Date: 256 days ago

ClaimSorted is an AI-driven insurtech startup that accelerates and automates insurance claims processing, helping insurers settle claims faster and more efficiently.

Simfuni

Location: Auckland, New Zealand

Funding: raises $3m

Date: 312 days ago

Simfuni offers a modular, API-enabled, AI-ready life insurance policy administration platform that helps insurers streamline operations, migrate legacy books, reduce costs, and drive growth. The platform empowers insurers to modernize back-office systems and improve policy management efficiency.

Kota

Location: Dublin, Ireland

Website: kota.io

Funding: Closes $14.5M

Date: 400 days ago

Kota provides a platform and API for insurance benefits, enabling integration with a variety of insurance carrier partners and streamlining employee benefits administration for businesses.

MarvelX

Location: Amsterdam, the Netherlands

Website: marvelx.ai

Funding: Raises $6M

Date: 409 days ago

MarvelX is an insurtech startup leveraging technology to innovate in the insurance sector, providing advanced solutions to enhance efficiency and customer experience.

mTek

Location: Kenya

Website: mtek-services.com

Funding: secures $3 m

Date: 419 days ago

mTek is a Kenyan insurtech platform that leverages digital technology to provide real-time access and distribution of health and general insurance products, aiming to accelerate insurance penetration and financial inclusion.