The InsurTech sector is expanding globally, with companies emerging from key hubs like the United States, the United Kingdom, and Singapore. These startups are attracting large investments, with some raising hundreds of millions of dollars.
For example, London-based FNZ has secured $5.8 billion in funding for its wealth management platform. Meanwhile, companies like Coalition focus on the growing field of cyber insurance, having raised $800 million.
Below is our list of 100 InsurTech startups worth keeping an eye on.
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Get the Sheet for $50Cowbell provides cyber insurance for small to mid-sized companies and upmarket businesses. Their AI-driven platform continuously assesses risk factors to help organizations strengthen their security and get the right coverage.
| Headquarters | Pleasanton, California, United States |
| Year Founded | 2019 |
| Founders | Jack Kudale, Prab Reddy, Rajeev Gupta, Trent Cooksley |
| Funding Amount | $208.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Anthemis, Permira, Viola FinTech, Nyca Partners, PruVen Capital |
CyberCube builds a cyber risk analytics platform tailored for the insurance industry. Their modeling solutions help carriers quantify financial exposure from cyber events and make better underwriting decisions.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2015 |
| Founders | Ashwin Kashyap |
| Funding Amount | $285M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Morgan Stanley, Spectrum Equity, Forgepoint Capital, Stone Point Capital, MTech Capital |
Quantexa develops a Decision Intelligence Platform to help organizations connect their data and see the full context behind their decisions. This allows public and private sector clients to better manage risk, detect financial crime, and uncover new growth opportunities.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2016 |
| Founders | Imam Hoque, Vishal Marria |
| Funding Amount | $545M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | HSBC, Warburg Pincus, Accenture, Dawn Capital, BNY |
bolttech runs a global insurance exchange that connects insurers, distributors, and customers on a single platform. Their technology enables other businesses to easily embed and offer a wide range of insurance products.
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2020 |
| Founders | Richard Li |
| Funding Amount | $690.2M |
| Startup Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Activant Capital, LeapFrog Investments, MetLife, Khazanah Nasional, Baillie Gifford |
Kin Insurance has built a direct-to-consumer platform for homeowners insurance, simplifying how people buy and manage their policies. They focus on providing affordable coverage options, especially for homes located in regions prone to extreme weather.
| Headquarters | Chicago, Illinois, United States |
| Year Founded | 2016 |
| Founders | Lucas Ward, Sean Harper, Sebastian Villarreal, Stephen Wooten |
| Funding Amount | $708.2M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | QED Investors, Gaingels, 500 Global, Wellington Management, Long Journey Ventures |
Carbyne builds a cloud-native platform for mission-critical contact centers used by public safety and government agencies. Their technology modernizes emergency response by delivering rich data like live video and accurate location to 911 call takers and first responders.
| Headquarters | New York, New York, United States |
| Year Founded | 2014 |
| Founders | Alex Dizengof, Amir Elichai, Lital Leshem, Yoni Yatsun |
| Funding Amount | $226.3M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Venture Round |
| Top Investors | Valor Equity Partners, Founders Fund, Axon, Hercules Capital, Socium Ventures |
Coalition builds a platform that integrates cyber insurance with security services for businesses. They help companies manage digital risks through a combination of comprehensive coverage and proactive threat detection.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2017 |
| Founders | John Hering, Joshua Motta |
| Funding Amount | $800M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Corporate Round |
| Top Investors | Valor Equity Partners, General Atlantic, Index Ventures, Ribbit Capital, Hillhouse Investment |
FNZ builds a wealth management platform that helps financial institutions combine their operational workflows with investment services. The platform provides an end-to-end solution for managing client assets, from initial onboarding through the entire investment lifecycle.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2004 |
| Founders | Adrian Durham |
| Funding Amount | $5.8B |
| Startup Size | Enterprise Organization (5,001+) |
| Last Funding Status | Corporate Round |
| Top Investors | Temasek Holdings, General Atlantic, La Caisse, Motive Partners, Generation Investment Management |
Coterie Insurance builds an API-based platform to simplify the process of selling small business insurance. Their technology allows agents, brokers, and partners to instantly quote and bind policies.
| Headquarters | Appleton, Wisconsin, United States |
| Year Founded | 2018 |
| Founders | David McFarland, Kevin Mackey, Tim Metzner |
| Funding Amount | $97M |
| Startup Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Allos Ventures, RPM Ventures, Weatherford Capital, Frontier Venture Capital, Sure Ventures |
Mercury builds a banking platform designed specifically for startups and internet businesses. They offer a suite of financial tools, including checking and savings accounts, credit cards, and treasury management, to help ambitious companies scale.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2017 |
| Founders | Immad Akhund, Jason Zhang, Max Tagher |
| Funding Amount | $452.2M |
| Startup Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Andreessen Horowitz, 500 Global, Sequoia Capital, Sapphire Ventures, Quiet Capital |
90 Additional InsurTech Startups Worth Following
The top 10 are a small sample of the activity happening in the insurance space. Founders are focusing heavily on AI and financial tools, raising billions of dollars to bring their ideas to life. Some of these companies are just starting out, while others are already growing quickly. Here’s a look at the other startups shaping the future of insurance.
