Insurance tech firm PremFina raises $36 million in debt and equity funding

UK insurance tech (insurtech) firm PremFina has raised $36 million in both debt and equity financing led by Rakuten Capital and Draper Esprit. Other participants in the round include Thomvest Ventures, Emery Capital, Rubicon Venture Capital, Talis Capital, and the company’s founder Bundeep Singh Rangar. According to the company, the equity portion of the funding […]

German digital insurance startup Coya receives $10 million from Silicon Valley

Berlin-based insurtech startup Coya has raised a $10 million seed funding round led by Silicon Valley’s Valar Ventures, a VC firm backed by Peter Thiel, with participation from and La Famiglia. Thiel, a co-founder of PayPal, is known for investing in European fintech startups, including the UK’s TransferWise and Germany’s N26.

Ottonova raises €10 million to bring digital insurance to Generation Y

Munich-based insurtech startup Ottonova has raised €10 million from Debeka, Germany’s largest private health insurance provider. In return Debeka is receiving slightly more than 10 percent of the shares in the startup. The capital comes just after the startup raised €15 million in March from several investors, including Vorwerk Ventures and Tengelmann Ventures.

Online insurance firm Next Insurance raises $29 million

Israeli-founded online insurance company Next Insurance has raised $29 million from Munich Re/HSB Ventures with participation from Markel, and Nationwide. Existing investors Ribbit, Zeev Ventures and TLV Ventures also contributed to the Series A round for the company, which is now based in Silicon Valley. The company, which released its Facebook chatbot for small business […]