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Download The List of the 100 Highest-Valued Unicorns

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Top 28 Insurance Unicorns in 2024

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Have you ever wondered which private companies in the Insurance industry have the highest valuations?

You’re not alone.

There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 28 Insurance unicorn startups, from highest to lowest valuation.

28 Insurance Unicorns Companies

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1) Howden Group Holdings

Howden Group Holdings

Hyperion is an international insurance intermediary group with insurance broking and underwriting agency arms.

Details of the startup:

  • Valuation: $5.00B (September 2020)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 1994
  • Founders: David Howden
  • Funding: $187.26M
  • Funding rounds: 5
  • Number of investors: 4

You can find their website here.

2) Coalition

Coalition

Coalition operates as one of the first companies in the world to offer access to cyber insurance program.

Details of the startup:

  • Valuation: $5.00B (March 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2017
  • Founders: John Hering, Joshua Motta
  • Number of employees: 100-250
  • Funding: $520.00M
  • Funding rounds: 6
  • Number of investors: 13

You can find their website here.

3) wefox

wefox

Wefox is the world’s first digital insurance company—combining technology and human expertise to give customers a better way to manage, track, and pay for their insurance.

Details of the startup:

  • Valuation: $4.50B (March 2019)
  • Country: Germany
  • City: Berlin
  • Started in: 2014
  • Founders: Dario Fazlic, Fabian Wesemann, Jonathan Seoane, Julian Teicke, Teodoro Martino
  • Number of employees: 500-1,000
  • Funding: $924.31M
  • Funding rounds: 6
  • Number of investors: 38

You can find their website here.

4) Next Insurance

Next Insurance

Next Insurance is a digital insurance provider for small businesses and startups.

Details of the startup:

  • Valuation: $4.00B (October 2019)
  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2016
  • Founders: Alon Huri, Guy Goldstein, Nissim Tapiro
  • Number of employees: 250-500
  • Funding: $881.00M
  • Funding rounds: 6
  • Number of investors: 17

You can find their website here.

5) BGL Group

BGL Group

BGL Group is an insurance and financial consultancy group that utilizes the latest software to digitally distribute a wide range of products.

Details of the startup:

  • Valuation: $3.00B (November 2017)
  • Country: United Kingdom
  • State: England
  • City: Peterborough
  • Started in: 1992
  • Founders: Douw Gerbrand Steyn
  • Number of employees: 1,000-5,000
  • Funding: $900.00M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

6) Alan

Alan

Alan is a platform that uses technology to make health insurance more convenient and affordable.

Details of the startup:

  • Valuation: $2.85B (April 2021)
  • Country: France
  • City: Paris
  • Started in: 2016
  • Founders: Charles Gorintin, Jean Charles Samuelian
  • Number of employees: 100-250
  • Funding: $363.17M
  • Funding rounds: 6
  • Number of investors: 16

You can find their website here.

7) Ethos

Ethos

Ethos Life is a modern insurance company that provides ethical life insurance.

Details of the startup:

  • Valuation: $2.70B (May 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2016
  • Founders: Lingke Wang, Peter Colis
  • Number of employees: 250-500
  • Funding: $413.96M
  • Funding rounds: 7
  • Number of investors: 19

You can find their website here.

8) ManyPets

ManyPets

ManyPets offers pet health care and insurance.

Details of the startup:

  • Valuation: $2.35B (June 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2017
  • Founders: Guy Farley, Steven Mendel
  • Number of employees: 101-250
  • Funding: $482.98M
  • Funding rounds: 7
  • Number of investors: 11

You can find their website here.

9) Newfront

Newfront

Newfront is a modern insurance brokerage that uses technology to greatly simplify the buying and selling processes for clients and brokers.

Details of the startup:

  • Valuation: $2.20B (April 2022)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2017
  • Founders: Gordon Wintrob, Spike Lipkin
  • Number of employees: 501-1000
  • Funding: $310.00M
  • Funding rounds: 6
  • Number of investors: 25

You can find their website here.

10) Accelerant

Accelerant

Accelerant is a specialty underwriting group focused on a carefully selected and managed network of Members.

Details of the startup:

  • Valuation: $2.19B (January 2022)
  • Country: United Kingdom
  • State: England
  • City: Colchester
  • Started in: 2018
  • Founders: Christopher Lee-Smith, Jeff Radke
  • Number of employees: 100-250
  • Funding: $190.00M
  • Funding rounds: 2
  • Number of investors: 5

You can find their website here.

11) Unqork

Unqork

Unqork's No Code Platform helps companies build, deploy and manage complex applications with zero coding or scripting.

Details of the startup:

  • Valuation: $2.00B (October 2020)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2017
  • Founders: Gary Hoberman
  • Number of employees: 250-500
  • Funding: $367.17M
  • Funding rounds: 5
  • Number of investors: 23

You can find their website here.

12) Akulaku

Akulaku

Akulaku is Southeast Asia's premier banking and digital financial platform.

Details of the startup:

  • Valuation: $2.00B (February 2022)
  • Country: Indonesia
  • City: Jakarta
  • Started in: 2014
  • Founders: Gordon Hu, William LI
  • Number of employees: 1,000-5,000
  • Funding: $455.00M
  • Funding rounds: 10
  • Number of investors: 15

You can find their website here.

13) eDaili

eDaili

eDaili is a business-to-business-to-consumer marketplace that enables Chinese consumers to access international insurance and financial products.

Details of the startup:

  • Valuation: $1.90B (February 2019)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Max He
  • Number of employees: 100-250
  • Funding: $1.00M
  • Funding rounds: 4
  • Number of investors: 4

You can find their website here.

14) YunQuNa

YunQuNa

YunQuNa is an online portal that offers logistics trading and services on a global scale.

Details of the startup:

  • Valuation: $1.50B (June 2021)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Shihao Zhou
  • Number of employees: 250-500
  • Funding: $185.52M
  • Funding rounds: 8
  • Number of investors: 7

You can find their website here.

15) bolttech

bolttech

Bolttech is an InsurTech firm building an artificial intelligence-powered point-of-sale insurance platform for protection and insurance.

Details of the startup:

  • Valuation: $1.50B (July 2021)
  • Country: Singapore
  • Started in: 2006
  • Founders: Richard Li
  • Number of employees: 1,000-5,000
  • Funding: $247.20M
  • Funding rounds: 3
  • Number of investors: 9

You can find their website here.

16) Cambridge Mobile Telematics

Cambridge Mobile Telematics

Cambridge Mobile Telematics provides full-stack telematics solutions that connect data from vehicles to a suite of behavioral analytics tools.

Details of the startup:

  • Valuation: $1.50B (December 2018)
  • Country: United States
  • State: Massachusetts
  • City: Cambridge
  • Started in: 2010
  • Founders: Bill Powers, Hari Balakrishnan, Sam Madden, Tim Vogel
  • Number of employees: 100-250
  • Funding: $626.63M
  • Funding rounds: 2
  • Number of investors: 1

You can find their website here.

17) Marshmallow

Marshmallow

Marshmallow is a full-stack insurance carrier driven by technology.

Details of the startup:

  • Valuation: $1.25B (September 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2017
  • Founders: Alexander Kent-Braham, David Goate, Oliver Kent-Braham
  • Number of employees: 100-250
  • Funding: $116.20M
  • Funding rounds: 4
  • Number of investors: 8

You can find their website here.

18) AgentSync

AgentSync

AgentSync is a Producer Management Platform that enables brokers to be onboarded, licensed, and compliant.

Details of the startup:

  • Valuation: $1.20B (December 2021)
  • Country: United States
  • State: Colorado
  • City: Denver
  • Started in: 2018
  • Founders: Jenn Knight, Niranjan Sabharwal
  • Number of employees: 100-250
  • Funding: $111.10M
  • Funding rounds: 4
  • Number of investors: 19

You can find their website here.

19) Guideline

Guideline

Guideline is a retirement plan platform that offers the all-inclusive 401(k) and full-stack solution for growing businesses.

Details of the startup:

  • Valuation: $1.15B (June 2021)
  • Country: United States
  • State: California
  • City: San Mateo
  • Started in: 2015
  • Founders: Jeremy Caballero, Kevin Busque, Mike Nelson
  • Number of employees: 100-250
  • Funding: $339.00M
  • Funding rounds: 6
  • Number of investors: 18

You can find their website here.

20) At-Bay

At-Bay

At-Bay is a cybersecurity insurance company that specializes in assisting businesses in confronting digital risk.

Details of the startup:

  • Valuation: $1.12B (July 2021)
  • Country: United States
  • State: California
  • City: Mountain View
  • Started in: 2016
  • Founders: Etai Hochman, Roman Itskovich, Rotem Iram, Tilli Kalisky-Bannett
  • Number of employees: 100-250
  • Funding: $292.00M
  • Funding rounds: 7
  • Number of investors: 13

You can find their website here.

21) Caribou

Caribou

Caribou creates a payment platform that puts drivers in charge of their vehicle finances.

Details of the startup:

  • Valuation: $1.10B (May 2022)
  • Country: United States
  • State: District of Columbia
  • City: Washington
  • Started in: 2016
  • Founders: Kevin Bennett
  • Number of employees: 251-500
  • Funding: $189.10M
  • Funding rounds: 5
  • Number of investors: 16

You can find their website here.

22) Zego

Zego

Zego is revolutionising the self-employed insurance industry with a suite of products that offer competitive rates and unparalleled service.

Details of the startup:

  • Valuation: $1.10B (March 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2016
  • Founders: Harry Franks, Sten Saar, Stuart Kelly
  • Number of employees: 250-500
  • Funding: $255.50M
  • Funding rounds: 6
  • Number of investors: 12

You can find their website here.

23) Acko General Insurance

Acko General Insurance

Acko is a digital insurance firm that has been granted the authority to underwrite and market bite-sized insurance products.

Details of the startup:

  • Valuation: $1.10B (October 2021)
  • Country: India
  • City: Bengaluru
  • Started in: 2016
  • Founders: Ruchi Deepak, Varun Dua
  • Number of employees: 250-500
  • Funding: $428.00M
  • Funding rounds: 6
  • Number of investors: 21

You can find their website here.

24) Vesttoo

Vesttoo

Vesttoo is a risk transfer and investment marketplace for non-catastrophe insurance.

Details of the startup:

  • Valuation: $1.00B (October 2022)
  • Country: Israel
  • State: Tel Aviv
  • City: Tel Aviv
  • Started in: 2018
  • Founders: Alon Lifshitz, Ben Zickel, Yaniv Bertele
  • Number of employees: 101-250
  • Funding: $103.00M
  • Funding rounds: 5
  • Number of investors: 9

You can find their website here.

25) Tractable

Tractable

Tractable is a software company that develops artificial intelligence for accident and disaster recovery.

Details of the startup:

  • Valuation: $1.00B (June 2021)
  • Country: United Kingdom
  • State: England
  • City: London
  • Started in: 2014
  • Founders: Adrien Cohen, Alexandre Dalyac, Razvan Ranca
  • Number of employees: 100-250
  • Funding: $119.83M
  • Funding rounds: 8
  • Number of investors: 17

You can find their website here.

26) Sidecar Health

Sidecar Health

Sidecar is a personalized health insurance platform that automates the matching of risks and rewards, getting people to better health and lower healthcare costs.

Details of the startup:

  • Valuation: $1.00B (January 2021)
  • Country: United States
  • State: California
  • City: El Segundo
  • Started in: 2018
  • Founders: Patrick Quigley, Veronica Osetinsky
  • Number of employees: 50-100
  • Funding: $163.00M
  • Funding rounds: 3
  • Number of investors: 11

You can find their website here.

27) Hyperchain

Hyperchain

Hyperion offers a wide range of risk management solutions to businesses and individuals across the globe.

Details of the startup:

  • Valuation: $1.00B (April 2021)
  • Country: China
  • State: Zhejiang
  • City: Hangzhou
  • Started in: 2016
  • Founders: David Howden
  • Number of employees: 1,000-5,000
  • Funding: $249.00M
  • Funding rounds: 4
  • Number of investors: 4

You can find their website here.

28) The Zebra

The Zebra

The Zebra operates as an online insurance comparison marketplace, giving users access to the most affordable rates available. They allow everyday people to provide real-time feedback to their providers for better service.

Details of the startup:

  • Valuation: $1.00B (April 2021)
  • Country: United States
  • State: Texas
  • City: Austin
  • Started in: 2012
  • Founders: Adam Lyons, Joshua Dziabiak
  • Number of employees: 250-500
  • Funding: $255.08M
  • Funding rounds: 8
  • Number of investors: 13

You can find their website here.

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