Add another unicorn to the list, Paris-based Shift Technology raises $220 million in Series D round, valued at over $1 billion

Paris-based AI SaaS provider to the insurance industry Shift Technology has raised $220 million in a Series D round led by Advent International. Avenir, Accel, Bessemer Venture Partners, General Catalyst, and Iris Capital also participated. With this round, Shift’s total investment to date rises to $320 million and gives the company a valuation of over […]

London’s Sprout raises £8 million, responds to global demand, presses forward with R&D

London-based insurance platform Sprout.ai has raised £8 million in a Series A round. Led by one of Europe’s most active early-stage investors, Octopus Ventures, existing investors Amadeus Capital Partners, Playfair Capital, and Techstars participated. The funding is expected to further propel R&D projects as well as recruit additional talent. “Sprout.ai’s technology has gained traction fast […]

Munich-based insurtech insureQ raises €5 million in seed round led by Nauta Capital

Embedded insurance for SME’s and freelancers insurtech insureQ has raised €5 million in a seed round led by Nauta Capital. The round also saw participation from existing investors Flash Ventures and Global Founders Capital. “We are strong believers in the attractiveness of the SME segment, both in software and in financial services such as insurance. […]

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German insurtech startup INZMO raises just over €3 million

Berlin-based insurtech startup INZMO has closed a €3.1 million seed round led by Change Ventures. Swiss insurance company Helvetia, an existing backer from the pre-seed round in 2018, also participated. Founded in 2015, INZMO is an end-to-end digital insurance platform. Users can buy or change policies and submit claims via the smartphone app. Meanwhile the […]