A recap of the Top Insurtech deals of 2020 - LeadCloud News
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A recap of the Top Insurtech deals of 2020
30 December 2020

A recap of the Top Insurtech deals of 2020

Let's take a look back at seven Insurtech funding rounds of $100 million or more this year.

Next Insurance

$250 million, Series D

Date: Sept. 20
Contributing companies: CapitalG (leader), FinTLV, Munich RE Group CapitalG Partner
What they said (Sumi Das, partner, CapitalG): "Next Insurance is modernizing insurance for small business owners -- making it fast and simple to get broad, customized coverage. We believe that there is an opportunity to use technology to transform the small business insurance experience in the U.S. and build a national insurance leader. Next Insurance has the right team and capabilities to capitalize on this vision and is well on its way to doing so. We are proud to partner with Guy Goldstein and the Next team to help them accelerate their vision."

More on Next Insurance

 Oscar

$225 million

Date: June 26
Contributing companies: Alphabet, General Catalyst, Khosla Ventures, Lakestar, Thrive Capital, Baillie Gifford, Coatue
Other information: Oscar also had a $140 million round on Dec. 17.

More on Oscar

 Unqork

$207 million, Series C

Date: Oct. 6
Contributing companies: BlackRock, Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors, Sunley House Capital Management
What they're saying (Michele Trogni, operating partner, Eldridge): "As a no-code platform that is designed to simplify and digitize mission-critical and often highly complex business functions at large organizations, Unqork is uniquely positioned in the market. It makes the buy versus build decision a no-brainer."

More on Unqork

 Hippo

$150 million, Series E

Date: July 21
Contributing companies: FinTLV, Ribbit Capital, Dragoneer and Innovius Capital
Other news: Hippo also recieved a capital investment of $350 million from Mitsui Sumitomo Insurance Company Ltd., a subsidiary of MS&AD Insurance Group Holdings, on Nov. 24.

More on Hippo

 Pie Insurance

$127 million

Date: May 28
Contributing companies: Gallatin Point Capital, Greycroft, SVB Capital, Aspect Ventures, Elefund, Sirius International Insurance Group, Ltd.
What they said (Ian Sigalow, Co-Founder and Partner at Greycroft): "Pie continues to demonstrate significant momentum, even in the current economic climate. We're pleased to help fuel the company's next stage of growth as they transform the market for small business insurance."

More on Pie Insurance

Bought by Many

78.4 million British pounds (about $105 million)

Date: May 12
Contributing companies: FTV Capital, CommerzVentures, Munich Re Ventures and Octopus Ventures.
What they said (Mike Vostrizansky of FTV Capital): “The company’s consumer-friendly technology and high-quality team have allowed the company to rapidly enhance its offering with market-leading features like digital vet appointments, fully digital claims, direct settlement with vets, and other easy-to-use features.”

 Policygenius

$100 million, Series D

Date: Jan. 30
Contributing companies: KKR (Leader), Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures, Transamerica Ventures
What they said (Allan Jean-Baptiste, KKR): "With increased competition in the insurance sector, we believe there's a need for platforms where customers can easily manage their relationships across a number of insurance policies and carriers throughout their lifetime. Policygenius has created a model to provide for exactly this, set apart by its sophisticated proprietary technology, and the traction of its marketplace platform among carriers and consumers alike."

More from Policygenius

Read Original Article here - https://www.dig-in.com/list/top-insurtech-deals-of-2020

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