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100 Top Unicorns
Download The List of the 100 Highest-Valued Unicorns

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100 Top Unicorns
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The Founder's Handbook

Top 18 InsurTech Unicorns in 2024

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The InsurTech industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the InsurTech space, these 18 companies should be your inspiration.

18 InsurTech Unicorns Companies

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2,189 Accelerators & Incubators

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Complete Unicorns List
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1,016 Unicorns

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1,190 Unicorns

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250 FinTech Investors

List of startup investors in the FinTech industry, along with their Twitter, LinkedIn, and email addresses.

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List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.

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250 AI Investors

List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.

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1) 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.

2) 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.

3) 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.

4) 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.

5) 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.

6) Mercury

Mercury

Mercury is a digital banking company that provides banking services and bank accounts designed specifically for startups.

Details of the startup:

  • Valuation: $1.60B (July 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2019
  • Founders: Immad Akhund, Jason Zhang, Max Tagher
  • Number of employees: 100-250
  • Funding: $462.00M
  • Funding rounds: 6
  • Number of investors: 39

You can find their website here.

7) 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.

8) Collective Health

Collective Health

Collective Health provides quality and affordable health insurance plans to individuals, employers, and groups.

Details of the startup:

  • Valuation: $1.50B (June 2019)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Ali Diab, Rajaie Batniji
  • Number of employees: 500-1,000
  • Funding: $714.00M
  • Funding rounds: 6
  • Number of investors: 30

You can find their website here.

9) Extend

Extend

Extend provides extended warranties as a service to merchants and innovates the broken customer experience associated with them.

Details of the startup:

  • Valuation: $1.36B (May 2021)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2018
  • Founders: Joe Moss, Michael Darmousseh, Rohan Shah, Woodrow H. Levin
  • Number of employees: 100-250
  • Funding: $387.90M
  • Funding rounds: 4
  • Number of investors: 19

You can find their website here.

10) 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.

11) 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.

12) 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.

13) 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.

14) 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.

15) Wrapbook

Wrapbook

Wrapbook provides digital profiles that facilitate onboarding, paying and insuring project workforces compliantly.

Details of the startup:

  • Valuation: $1.00B (November 2021)
  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2018
  • Founders: Ali Javid, Cameron Woodward, Hesham El-Nahhas, Naysawn Naji
  • Number of employees: 50-100
  • Funding: $130.60M
  • Funding rounds: 3
  • Number of investors: 10

You can find their website here.

16) 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.

17) Betterfly

Betterfly

Betterfly is a mission-driven platform for community wellness that turns healthy behaviors into charity donations.

Details of the startup:

  • Valuation: $1.00B (February 2022)
  • Country: Chile
  • City: Santiago
  • Started in: 2018
  • Founders: Cristobal della Maggiora, Eduardo della Maggiora
  • Number of employees: 100-250
  • Funding: $202.50M
  • Funding rounds: 5
  • Number of investors: 17

You can find their website here.

18) Clearcover

Clearcover

Clearcover is a digital car insurance provider using innovative technologies and data-driven insights to give clients the best possible prices.

Details of the startup:

  • Valuation: $1.00B (April 2021)
  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2016
  • Founders: Derek Brigham, Kyle Nakatsuji
  • Number of employees: 250-500
  • Funding: $307.00M
  • Funding rounds: 4
  • Number of investors: 11

You can find their website here.

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