by Merlin Beyts | Oct 4, 2022 | Investment News, North America, September 2022
Missouri-based iCover, an augmented underwriting platform for life insurers, has received a boost of $5 million in pre-seed funding led by Kesan Parasuraman – a private investor who also led their previous raise. iCover are looking to expand their product lines which...
by Merlin Beyts | Oct 4, 2022 | Investment News, North America, September 2022
Stere has backed up their $2 million funding round from the end of 2021 with another raise, this time getting $5 million in a round led by Vida Capital. Speaking about the new investment and the opportunities it presents, Stere CEO and Founder Dogan Kaleli, said,...
by ITC Admin | Oct 4, 2022 | Investment News, North America, September 2022
Detroit’s CoverTree has raised $10 million in seed funding led by AV8 Ventures and Distributed Ventures who were joined by Detroit Venture Partners, Ludlow Ventures and Annox Capital. CEO Adarsh Rachmale plans to expand the team and improve the company’s technology...
by Merlin Beyts | Oct 4, 2022 | Investment News, North America, September 2022
Canada’s PolicyMe has announced a Series A financing round of $18 million CAD. Previous investors HCS Capital and Westdale Properties were joined by RGAX, Securian Financial and Siriuspoint to secure the latest cash injection for the life insurance platform. “Our...
by Merlin Beyts | Oct 4, 2022 | Investment News, North America, September 2022
Blockchain-powered Re has raised $14 million in seed funding led by Tribe Capital, Defy and Exor among others. CEO Karn Saroya, also CEO of established insurtech player Cover, plans to build a Lloyd’s-esque platform that “settles any kind of insurance risk in a way...
by Merlin Beyts | Oct 4, 2022 | Investment News, North America, September 2022
Insurance Lounge, a hybrid insurance agency that offers both in-store and digital experiences for customers, has raised $15 million with the help of a consortium led by Brian Modesitt and Alta Point Capital. Founder Michael DeLaGrange said, “As a...