Ed Montes’ Post

Montréal-based insurtech startup YouSet has successfully raised $3.5 million CAD in seed funding. The seed round was entirely funded by angel investors through a simple agreement for future equity (SAFE). Notable contributors include previous investors from YouSet’s 2022 pre-seed round, such as former Intact executive vice-president Don Fox, former Marsh managing director Neil Mitchell, Canavan Capital principal Joe Canavan, and DuProprio founder Nicolas Bouchard. New investors include former AXA head of big data Jim Texier, former Aviva senior vice-president Phil Gibson, and serial entrepreneur Dan Robichaud. 𝗥𝗘𝗔𝗗 𝗧𝗛𝗘 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 👉 https://lnkd.in/d3HiaXxU Fellipe Monteiro Emily M. Phil Gibson Antoine Boisier-Michaud Loriane Tadross Catherine Laroche Ariane Tourangeau Alissia Hamel #startups #fundignews #founders #finance #venturecapital #insurtech #privateequity #insurance

#NYC-based Ansel Health Inc. secures $20M in #funding. This round was led by Portage, with participation from Two Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures, Plug and Play Ventures, Digitalis Ventures, Symphony AI, Operator Partners, Morgan Creek Capital Management, and several others. The new infusion of capital, which brings Ansel’s total raised to over $50M, will enable the company to continue to grow the availability of its modern supplemental #insurance solution to employees #nationwide as per reported by businesswire.com The investment comes on the heels of several important milestones for the company. Last year, Ansel began enabling #claims automation, which leverages #medical claims data so that members receive benefits without having to file a claim. Founded in 2019, Ansel Health Inc. (“Ansel”) is an #insurance technology company on a mission to build a world where #health hardships don’t create financial hardships. Ansel Health Portage Two Sigma Ventures Brewer Lane Ventures SixThirty Digitalis Ventures Morgan Creek Capital Management, LLC Veer Gidwaney To share your startup story write us on - contact@startuprise.io #anselhealth #funding #startup

Coterie Insurance Secures $27M in Growth Funding Coterie, a Cincinnati, OH-based insurtech MGA company simplifying small business insurance, raised $27M in Growth funding. The round was led by Hiscox as well as existing investors Intact Ventures, Weatherford Capital, and RPM Ventures among others. The company intends to use the funds to expand its business reach. Led by CEO David McFarland, Coterie Insurance operates in all 50 states and D.C. where it enables independent agents and brokers to write instant small business insurance. Coterie, which has now raised over $102M in funding to date, continues to scale with revenue growing by over 200% in 2023. "Congratulations to Coterie on securing $27M in Growth funding! With Hiscox leading the round alongside esteemed investors like Intact Ventures, Weatherford Capital, and RPM Ventures, Coterie is poised for significant expansion in the insurtech space. Under the leadership of CEO David McFarland, Coterie's innovative approach to simplifying small business insurance has already made waves, evident in its rapid revenue growth of over 200% in 2023. This funding milestone, totaling over $102M to date, will undoubtedly fuel Coterie's continued success and reinforce its position as a leader in the industry," says Dr. Shishir Gupta, Founder and CEO of StartupLanes. Becky Monfre Jane Decker Blair Kamrass Sergio Molinar Kevin Mei Jhorx Garces Katherine Jones Ashleigh Burden Abby Fries David Cremin Nicole Reents Britni Zandbergen-Karel Marci Campbell Katherine Ellis Brian O'Reilly #startup #funding #fundingnews #investment #startups #startuplanes #startupnews #investmentnews #startupbusiness #FinancingSuccess #InnovationJourney For rectification/nomination reach out to swati@startuplanes.com or +91 7982899391. Kindly only contact us during office hours, i.e., 10 am- 6 pm (Monday to Saturday)

#California-based #Rainbow secures $12M in seed #funding. With participation from Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, Habitat Partners, and Arch Capital Group Ltd. Led by an experienced #team of repeat #entrepreneurs, the company brings a fresh perspective to small business #insurance by launching programs in specific verticals where Rainbow’s approach to data and technology delivers an underwriting advantage. The company’s flagship program, an admitted business owner’s policy (BOP) product specifically #tailored to the #restaurant industry, is currently live in 8 states and expected to be available in over 25 states in 2024. Rainbow’s engineering team has developed a #proprietary and scalable platform for underwriting and #transacting every submitted risk. The company’s #interwoven approach to utilizing data and technology in its underwriting creates differentiated value for both agents and insureds — rewarding policyholders that demonstrate #prudent operations. Founded in 2022, Rainbow is a #specialist managing general #underwriter building tailored small business insurance programs, starting with restaurants. Caffeinated Capital Altai Ventures Zigg Capital 8VC Habitat Partners Arch Capital Group Ltd. OLEG ILICHEV Raymond Tonsing Bobby Touran To share your startup story write us on - contact@startuprise.io #rainbow #funding #startup

🚀💼 InsurTech is revolutionising the traditional world of insurance. With the digital transformation ushered in by these startups, England isn't just following the trend- it's leading it! We dive into the heart of the action in our newest article 🔍 "Who Are England's Most Influential InsurTech Startups Dominating 2023?". Check out all the details here 👇 https://lnkd.in/eGWkHD4d Featuring 🌟: Superscript, founded by Annabel M., BenRose, Cameron Shearer Fluffy, founded by German Mikulski and Pavel Gertsberg Marshmallow, Concirrus, founded by Andrew Yeoman and Craig H. FloodFlash, founded by Adam Rimmer and Ian Bartholomew Anorak, climatex, founded by 🚀 Kamil Kluza and Lukky A. Urban Jungle, founded by Gregory Smith MBA, BS and Jimmy Williams INSTANDA, founded by Derek Hill and Tim LaBorde Jr. Humn.ai, founded by Alberto Romero, Cytora, founded by Aeneas Wiener, Andre Alzamora, Joshua Wallace InsurX, founded by Gilbert Harrap, Qumata, founded by Etienne BOURDON, Luca Schnettler Follow their innovative journeys as they revolutionise the insurance industry through tech.🙌🚀 #InsurTech #Startup #Finance #Innovation #Entrepreneurship #InsuranceIndustry. Don't miss out on this insightful tour through some of the most promising startups in the InsurTech sector! Who will be the game-changers? Let's find out in this exciting feature.

Congrats AKUR8 🚀🚀🚀 - it has been such an exciting and rewarding journey since the very first days in our garage …😉 AKUR8 is the perfect example of the kind of truly amazing new businesses that come out of our Venture Builder Kamet Ventures. They grew and deployed their solution to over 250 Insurance companies in 40+ countries in just more than 5 years….Congrats again Samuel Falmagne Brune de Linares (Garnier) and all the team ! Companies built with Kamet Ventures tend to most often: ➡️ get faster time to market (from initial idea to #MVP to first customers) than most other start ups usually do 🏃🏽➡️🏃🏽➡️🏃🏽➡️ ➡️ have (much) higher success rate (from seed to A, from A to B, etc..) than most other start ups will usually have 🎯🎯🎯 ➡️ are (in general) more disciplined and capital efficient (combining strong growth AND profitable unit economics early on) 🏋️♀️🏋️♀️🏋️♀️ ➡️ become Category Leaders and move fast from the VC source of funding to the PE/GrowthEquity one (that only support proven profitable fast growing scale-ups) 🥇🥇🥇 We are all excited to see you join the Kamet Ventures list of companies which already exited or reached the PE stage : padoa (PE-backed with Five Arrows Principal Investments since 2022) Qare (sold to HealthHero in 2021) Fixter (sold to Renault Group in 2022) Anorak (sold to CLARK in 2022) Hopefully, other Kamet Ventures companies will follow you in the coming years and notably the ones already at post B stage : Birdie (with Index Ventures as lead investor since 2022) Ibex Medical Analytics (with 83NORTH as lead investor since 2023) Apricity Fertility(with MTIP as lead investor since 2022) As well as the ones currently at post A round, among which : Air Doctor (with Lightspeed as lead investor) nSure.ai (with a group of leading Israeli investors) Sayata (with a group of leading Israeli investors) Pattern Insurance (with a group of leading Israeli investors) Continuity (with 115K as lead investor) Indeed, we also have a pipeline of other most promising #ventures in the works, and while they are still in their early days, we are really excited about them: Brightmile Medloop Ltd. Ltd. Cardiokol PonchoPay Proskope @Eos-care Although it is never (and it will never be !) a walk in the park and some (few) start-ups eventually failed, we realize everyday how fortunate we are to work with such fantastic and rewarding #entrepreneurs and #businesses. Stephane Guinet Michaël Niddam Nicolas Bosc Pierre de Mascarel Aïcha Ahardane Sylvie Enderlin #VentureBuilder #StartUpStudio #InsurTech #HealthTech

Learn more about the journey of Anthony Miller, CEO & co-founder of Simply Financial Services. Discover how his vision is reshaping life insurance with tech, data, and behavioural science. Click the link to hear his inspiring story and learn about the future of insurance! https://lnkd.in/eDrr7c6p #TheMoneyShowShapeshifter #InsuranceMatters #ProtectYourPeople #KeepLifeSimple CapeTalk

🚀 Walnut Insurance is making waves! The Toronto-based insurtech just secured $4.6 million CAD to supercharge its embedded insurance platform, with backing from big names like Telus, Diagram, and Portage Ventures. Walnut's mission? To make insurance more accessible and integrated for businesses, reducing marketing costs and improving distribution. With a focus on speed and innovation, they're poised to redefine the industry. What do you think about the future of embedded insurance? Share your thoughts in the comments below! 💬👇 #Startup #Funding #Innovation #Fintech #TorontoStartups #BusinessGrowth #TechNews #Investment #InsuranceTech #Startups

“Don’t wait! The time will never be just right.” - Stephen C. Hogan Whether it's a conversation with a loved one, finally writing that book in your PJs on a Sunday morning, or launching that Next Big Idea. Do it. #yardinsurance #insurance #reinsurance #newbusiness #startup #dreambig #tgitsfriday #cellcaptive

We are seeing a lot of companies come into the marketplace. Some have as little as 25m in assets yet they are insuring several hundred million dollars in property. Rates are coming down, but be wary of startups. They are typically the first to fail when the times get tough. #mikewagner #commercialinsurance #propertyinsurance