British insurtech AI startup Concirrus raises £5 million

London-based Concirrus has raised £5 million in an equity funding round led by Cambridge-based deep tech venture capital firm IQ Capital and specialist InsurTech investor Eos Venture Partners. The round brings the bringing the total amount raised by the company to £12 million. Max Bautin, partner at IQ Capital, will join the startup’s board following […]

Insurtech startup FloodFlash raises £1.9 million in seed funding

London-based insurtech startup FloodFlash, which offers a new way for customers to insure previously uninsurable flood risks, has raised £1.9 million in seed funding from LocalGlobe, Pentech Ventures and InsurTech Gateway. FloodFlash has developed a tech-based approach that makes flood insurance available to everyone, including those with the highest flood risk. The startup’s policy pays […]

UK-based rental deposit startup Reposit has raised £500,000

London-based proptech and insurtech startup Reposit has announced a new £500,000 funding round. Reposit offers an alternative way for tenants and landlords to handle deposits, easing cash flow problems for renters by enabling them to secure a property with just one weeks rent. The investment is backed by Andrew Weisz of Weisz Investments and Michael […]

Israeli-founded small business-focused Next Insurance raises $83 million

Israeli-founded insurtech startup Next Insurance has secured a Series B funding round of $83 million led by Redpoint Ventures with participation from existing investors including Nationwide Insurance, Munich Re, American Express Ventures, Ribbit Capital, TLV Ventures, and Zeev Ventures. Elliot Geidt, managing director of Redpoint, will join the board of Next Insurance. Next Insurance markets […]

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 […]

CNP Assurances scoops up two insurance tech startups in iSalud and Azimut

Major French insurance firm CNP Assurances has acquired majority stakes in two insurance tech companies: Spain’s iSalud and France’s Azimut, for €30 million and €10 million respectively. iSalud is a health insurance broker and insurance services comparison site, with €7 million in revenues. CNP has acquired a 60% stake in the startup for €30 million. […]