TECHnicalBeep’s Post

🚀 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

🚀 INSRD Ignites: €500k Pre-Seed Sparks Transformation in Business Insurance! Berlin-based insurtech startup INSRD has just closed an impressive €500k pre-seed round from a group of ecosystem angel investors, including key figures like Alexander Grimm, formerly of insurtech champion Getsafe, Florian Huber, and Daniel W. Dippold of EWOR, alongside tech executives and venture capitalists. Why INSRD? 🛡️ INSRD is changing the game in commercial insurance, tailoring solutions for rapidly growing companies that are constantly encountering new risk exposures. Their mission is to provide responsive insurance that evolves alongside innovative businesses. How INSRD Does It 💼 At the heart of INSRD's strategy is their Protect & Connect platform, a powerhouse of advanced workflow automation and industry-specific AI. This cutting-edge tech ensures insurance programs stay up-to-date while actively pinpointing and managing new risks. Standing Out 👇 INSRD is a standout in Earlybird Venture Capital’s Vision Lab Program, receiving funding, mentorship, and a strong network to drive their mission forward. Interesting times ahead! 🔥 #preseed #fundraising #startup

Is the insurance industry being transformed by tech startups? Discover the latest trends in Insurtech. #Insurtech #TechStartups

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

As another week draws to a close, once again have some exciting #insurtech funding round celebrations - Congrats to all those who have made the headlines this week 👏👏 Columbia, SC, based Rainwalk Technology, a white-label pet insurance technology provider, has raised $4 million in Seed funding led by ManchesterStory with participation from Insurtech Gateway, Bridge Investments, Seaplane Ventures, and several insurance and reinsurance executives. Joshua S. Chloe Gill Tong Wu Kathryn Noland French insurance startup Estaly has raised €3.6 million in seed funding from OneRagtime, CDG Invest, and ~20 angel investors. Founded in 2022 by Karim Mezzour & Youssef Kandil , the startup, which is live in France and Belgium, offers product protection through merchants for a variety of products. Mathis Batoul Paul de Rauglaudre Found Energy,  a cleantech startup building industrial decarbonization solutions by extracting clean energy from aluminum metal, has raised $12 million in a seed funding from KOMPAS VC, Munich Re Ventures, Good Growth Capital, amoungst others Auxa Health, an AI-powered benefit navigation technology solution working with payers and providers to enable consumers to access care more efficiently and effectively, announced today a $5.2 million seed round led by Zeal Capital Partners. Samantha Adelberg Talinn based SeguroCoin, the blockchain based insurance ecosystem led by Tomas Krupa Maksim Worobiew announces their pre-seed investment. PCF Insurance Services, a top 20 US insurance brokerage, has closed $400 million in incremental debt financing led by Blue Owl Capital. The financing was “materially oversubscribed” and was upsized from $300 million to $400 million in response to strong demand from new and existing lenders. & another Y Combinator investment to share… congratulations team SuretyNow - Bruce Chi Jay Xiao

I recently discovered Ditto Insurance a startup that is setting a high standard when it comes to choosing health and term insurance. Their customer-first approach is truly commendable—no spam messages or calls after registering, just a seamless experience. Plus, their insurance advisors are exceptional in recommending the most suitable policies, making the process simple and stress-free. Ditto Insurance is a great example of how startups can succeed by focusing on delivering exceptional service, prioritizing the customer experience, and building trust from day one. For anyone looking to follow the path of building a successful startup, companies like Ditto Insurance are worth learning from. A special thanks to Bhanu Harish Gurram,Shrehith Karkera and Nithin Kamath for their leadership in supporting innovative startups like Ditto Insurance, which are driving positive change in the industry. #Startups #CustomerExperience

Insurtech startup Honey Insurance has raised $108 million in a Series A that’s lured in US investors. Founded by entrepreneur Richard Joffe, cofounder of US-based Park Home Assist Insurance Services and Stella.ai, Honey launched in 2021. It raised a record $15.5 million in a Seed round led by underwriting partner RACQ and other institutional investors, including AGL, Metricon, Mirvac and PEXA. The Series A was led by US-based Gallatin Point Capital LLC, making its first Australian investment. The private investment firm from Greenwich, Connecticut, has backed several emerging insurance companies and late last year, poured US$1.25 billion into Trusted Resource Underwriters Exchange, founded in 2020, as part of a partnership with American Family Insurance Group. The startup now has around 1% of the Australia home insurance market, pitching what it calls “smart” insurance involving Honey-branded sensors build by US tech startup Notion to detect problems that lead to common claims, such as water leaks, open doors and windows, temperature change and sounding smoke alarms. The insurer offers the kit for free along with a premium discount. https://lnkd.in/eDm8jUzg #Embeddedinsurance #Openinsurance #insurtech #funding #insurance

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

Insurtech startup Honey Insurance secures a record $108 million in Series A funding led by Gallatin Point Capital LLC #startups #startupnews #australianstartups #australianinsurtech #insurtech #insurtechnews #insurance #insurancenews #australianfintech #fintech #fintechnews #fintechstartups #investments #investors #investing #capitalraise #funding #capraise #VC #venturecapital

B2B Insurtech Coverdash has closed on a $13.5 million Series A funding round, according to a note from the company. The company notes that this follows a $2.5 million Seed round from last year. Since it's founding in 2022, Coverdash has topped more than 100 embedded distribution partnerships since its founding. Nyca Partners led the funding, joined by existing investors, including Bling Capital, AXIS (AXIS Capital) Digital Ventures, Tokio Marine Group Future Fund, Expansion VC, Cameron Ventures, and others. Coverdash was founded in 2022 seeking to provide insurance products for SMEs and startups in the United States. Ralph Betesh, co-founder and CEO of Coverdash, says his company is acting as a virtual risk management arm, and their service goes beyond coverage, providing support to smaller firms. “In today’s challenging landscape when navigating the complexities of insurance has never been more vital. Coverdash is dedicated to empowering both our partners and our customers with these capabilities.” https://lnkd.in/exdDEuDr #Insurance #Insurtech #Embeddedinsurance #Openinsurance #funding