Israeli drone insurance startup VOOM raises $5 million

Tel Aviv-based “specialised mobility” insurance startup VOOM has landed $5 million in a funding round led by Arbor Ventures with participation from F2 Capital, Verizon Ventures, Kaedan Capital, and Plug and Play Ventures. This capital injection brings the total amount raised by the company to $7 million. VOOM, which also incorporates SkyWatch.AI, offers insurance products […]

Spanish insurtech startup Bdeo raises €1 million

Madrid-based insurtech and visual intelligence startup Bdeo has raised €1 million in funding from Big Sur Ventures and K Fund. Bdeo helps insurance companies to go through the digital transformation by offering what it calls a “visual intelligence” platform. The startup digitises the processes of purchasing an insurance policy and registering a claim with a […]

London-based commercial insurtech startup Cytora raises £25 million

Cytora, a British startup that provides AI-powered products for the commercial insurance industry, has landed £25 million in a funding round led by EQT Ventures, with participation from Cambridge Innovation Capital, Parkwalk, and several angel investors. The startup spun out of the University of Cambridge in 2014 to focus on applying AI to commercial insurance. […]

Israeli insurance risk assessment startup Sayata Labs raises $6.5 million

Tel Aviv-based Sayata Labs has landed a $6.5 million funding round led by Elron. The company claims to be able to help SMB insurers to assess cyber risks and provide them with actionable risk mitigation recommendations. Sayata is already working with AXA, a major insurance company active worldwide. The main idea of the company’s solution […]

UK-based “lifestyle insurance” startup yulife raises £3 million

London-founded startup yulife that combines a life insurance, employee well-being program, and rewards has raised £3 million from in a funding round led by LocalGlobe, with participation from Anthemis and OurCrowd. The company’s policies are underwritten by the insurance behemoth AIG. yulife’s aim is to “create lasting, positive lifestyle changes by rewarding simple, everyday activities […]

Israel’s Atidot raises $5 million for its insurance data analytics

Israeli data analytics company Atidot has raised $5 million led by Vertex Ventures with The DE Shaw Group, Moneta Seeds, and Bank Hapoalim participating in the Series A round. Atidot develops predictive analytics specifically for the life insurance sector, an industry worth roughly $597 billion in the US. The new influx of cash will be […]

Berlin insurtech startup Wefox raises investment from Ashton Kutcher

Wefox, the company behind insurance tech service One, has raised an investment from American actor Ashton Kutcher, among other investors. The seven-figure amount has not been disclosed. The investment was first reported by Handelsblatt. Wefox, founded in Zurich and now based in Berlin, is an insurance service management platform for customers and providers. It previously […]