London-based insurtech Eleos secures €3.75 million seed investment to launch in the US
Only six months after the completion of its pre-seed round, Eleos has raised venture capital investment of €3.75 million in a seed round led by Fuel Ventures and Indico Capital. Founded in 2022, Eleos has made rapid progress in consolidating its position as the UK’s only provider of fully digital life insurance and income protection products and is on course to pass the £1 million revenue mark by the end of 2024.
Arbol closes $60m Series B funding round to scale parametric insurance
Climate risk solutions provider Arbol has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.
FlashAid Raises $2.5 Million Funding In Pre-Series A Round Led By Piper Serica Angel Fund, SOSV
The fund will be utilised for growth and expansion to six new cities; it expects to hit $10 million in ARR in two years.
Rainwalk Pet Insurance Raises $4 Million Led by ManchesterStory
Rainwalk Technology, the leading white-label pet insurance technology provider, today announces $4 million in Seed funding led by ManchestorStory with participation from Insurtech Gateway, Bridge Capital, Seaplane Ventures, and several insurance and reinsurance executives.
Pula raises $20M Series B to provide agricultural insurance to farmers in Africa, Asia and LatAm
Pula, an insurtech based in Kenya, has since 2015 been keen on enhancing the access to agricultural insurance by small-holder farmers across emerging markets, shielding them against losses from pests, diseases and/or extreme weather events like floods and droughts.
Achmea Innovation Fund Invests in Embedded Bicycle Insurer Laka
Achmea Innovation Fund has made an investment in the European micromobility insurer Laka. This startup provides a range of insurance and circular economy services to e-bike riders, cyclists, and businesses. This investment is in line with Achmea’s ambitions in the field of smart and sustainable mobility and its interest in innovative mobility solutions.
Singlife Philippines secures $10.7m for digital expansion
The capital injection will be used for platform enhancement, product innovation, and partnerships.
Oka, The Carbon Insurance Company Oka Closes $10-Million in Funding
Oka, The Carbon Insurance Company (Oka)™ has closed an $10-million investor raise that sets the foundations for its next phase of growth.
PayPal Ventures Co-leads Qoala’s $45 Million Series C Funding Round
Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures. The round was joined by MUFG Innovation Partners, Ohana Holdings and existing investors, Flourish Ventures, Eurazeo and AppWorks, echoing confidence in the company’s mission in driving financial inclusion.
SOSTENGO, The Salvadoran Insurtech Closes $3.8M Funding Round to Expand Digital Insurance Solutions to Underserved Markets
With an additional $1 million allocated for entering the U.S. market.
