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There’s a reason why US Midwest startups had fewer layoffs, Chicago VC says

Over time, many cities across the Midwest have been building out bona fide startup ecosystems, as M25's annual ranking of Midwest startup hubs...

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VCs set sights on African countries beyond the ‘Big Four’

Outside the Big Four, investments ballooned to $1.4 billion, up 382% year on year, according to Partech's 2021 report.

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Kenyan insurtech Lami raises $3.7M seed extension led by Harlem Capital

Lami has expanded to Egypt and Nigeria.

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Lemonade closes on acquisition of insurtech Metromile, promptly lays off about 20% of its staff

Publicly traded Lemonade has laid off about 60 employees of Metromile, the auto insurtech company it recently acquired – adding to the volatility...

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Wefox grabs $400M at $4.5B valuation to buck the insurtech downturn trend

European insurance tech startup Wefox has raised $400 million in a series D round of funding, giving the German company a post-money valuation of...

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Casper king Philip Krim is getting into the insurance business

Since departing his role as Casper CEO in 2021, Philip Krim has spent the majority of his time investing and incubating companies via Montauk...

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Bangalore-based Pazcare, an employee benefits and insurtech platform, raises $8.2M

Pazcare, a Bangalore-based employee benefits and insurtech platform, announced today it has raised $8.2 million led by Jafco Asia, bringing its...

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Sana’s plan to level up SMB health care brings in $60M

Sana, a startup that wants to make offering health insurance plans more accessible to small businesses, has raised $60 million in a Series B funding...

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Branch snags $147M at a $1.05B valuation, showing that thorny insurtech market not impervious to growth

Insurance technology startup Branch has raised $147M at a $1.05B valuation. The startup says it bundles auto and home insurance in a single...

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Insurtech Policygenius cuts 25% of staff, less than 3 months after raising $125M

Policygenius, an insurtech that raised $125 million in a Series E round less than three months ago, has reportedly laid off 25% of its staff. The...

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Viola Credit closes $700M fund to provide asset-based lending FinTech startups

Fintech startup and alternative credit asset manager Viola Credit, has closed its latest $700 million fund which provides asset-based lending...

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North American and European insurtechs are recalibrating after a blockbuster 2021

Let’s explore insurtech activity in both North America and Europe, compare recent results and look ahead to what could be coming.

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Amex Ventures bets $5M on Trellis, which wants to make switching insurance providers easier

How many people have stuck with the same auto insurance provider because the process of finding a new one feels overwhelming and painful? A lot....

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Sensible Weather is building an ‘oh no, it’s raining while I’m on holiday’ insurance product

Sensible’s Weather Guarantee offers the option to recoup experiential losses when bad weather interferes with plans; Infinity Ventures kicks in...

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Alan raises another $193 million for its medical one-stop shop startup

French startup Alan has raised a new €183 million funding round ($193 million at today’s exchange rate). The company sells its own health...

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Getlife wants to democratize life insurance in Europe

Meet Getlife, a Madrid-based startup that just raised $6.3 million (€6 million) in seed funding. The company wants to make it easier to access life...

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Japanese insurance company Tokio Marine launches CVC fund to back early-stage startups 

Tokio Marine, a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed...

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Nigeria’s Etap gets 1.5M pre-seed to make buying car insurance easier

Etap claim to enable motor vehicle owners to purchase insurance in 90 seconds and complete claims in three minutes.

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EvolutionIQ secures $21M to streamline insurance claims processing with AI

EvolutionIQ, a startup leveraging AI to streamline the insurance claim processing workflow, has raised $21 million in a venture capital funding round.

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What Glossier got wrong

The fundamental disconnect: Software-enabled businesses don’t necessarily monetize the same way that software businesses do.

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International startups shrug off US insurtech meltdown

The latest Y Combinator cohort featured a number of insurance-focused technology companies, and some of them want to actually write policies.

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Live near an ocean? Kin Insurance’s data aims to more accurately predict home risk

By using data and technology to accurately price the risk, Kin Insurance is able to remove some of the costs of traditional insurance firms, like...

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Insify is modernizing insurance, but this time for SMEs

Meet Insify, an insurtech startup that raised a $17 million (€15 million) Series A round led by Accel. The company wants to modernize the insurance...

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Alan offers its insurance stack to smaller health insurance companies

French startup Alan currently insures more than 200,000 people with its own health insurance contracts. The company is expanding its business in two...

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Which insurtech startups are set to thrive?

Which insurtech startups are set to thrive? And could we see the market find space for neoinsurance companies still private to not fall into the same...

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Why 2022 insurtech investment could surprise you

Insurtech startups that can retain a tech multiple have a shot at keeping their valuation intact; those that don’t may struggle.

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Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa

Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency for an undisclosed amount as it seeks to make insurance covers...

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Ascend’s BNPL approach to insurance lifted by $280M in new equity, debt

Offering monthly flexible payments at the point of sale has resulted in customers seeing an increase in policy purchase conversion, in some cases at...

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