Top 10 Insurance/InsurTech Capital Raises in the U.S. – October 16th-31st, 2024
Several interesting transactions closed in the Insurance/InsurTech sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PIPE
1. HOMEE, an AI-driven claims management platform for the P&C insurance industry raised $12 million in Series C funding.
2. Benefit Harbor, a flexible benefits tech company received $2 million in funding to enhance its platform, which supports employers in managing diverse benefits strategies and transitioning to consumer-driven health plans.
Merger/Acquisition and Corporate
3. Likewize, distributor of mobile devices and specialized wireless services intended to simplify the wireless world was acquired by Genstar Capital through an LBO.
Later Stage VC
4. Branch (Multi-line Insurance), developer of an insurance platform designed to protect against financial hardship through its nonprofit initiative secured $51 million in Series D funding.
5. Osigu, a healthcare payments platform raised $25 million in Series B funding led by IDC Ventures with Visa’s participation.
6. INSHUR, developer of a digital insurance platform raised $19 million of venture funding in a deal led by Viola Growth.
7. Delos Insurance Solutions, developer of a property insurance platform raised $15.87 million through a combination of Series A, Series A-1, and Series A-2 venture funding in a deal led by HSBC Venture & Growth Investments.
8. PolicyMe, provider of life insurance services raised $15 million of venture funding from Blue Cross Canassurance. The fund will be used to boost the company’s technological advancements.
Angel, Seed, and Grant
9. CheckRx, operator of a data intelligence company raised $400,000 of angel funding from undisclosed investors, putting the company’s pre-money valuation at $8 million.
10. IrisMed, operator of an AI-based revenue capture platform raised $250,000 of Series 1 seed funding from Noemis Ventures, Antler, Banyan Ventures (New York) and Atlas SGR.
#castleplacement #capitalraising #privateequity #venturecapital #investment #Insurance #InsurTech
Axel Reijmers
Managing Director
Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
- Email: areijmers@castleplacement.com
- (C) (201) 747-4718
 Axel ReijmersManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
