quarterly-insurtech-briefing-q4-2017
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The Data Center<br />
Q4 <strong>2017</strong> InsurTech Transactions – P&C<br />
Date<br />
Company<br />
Funding ($mm)<br />
Round Total Investor(s) Description<br />
10/03/17 Canopy 2.1 2.8 • Direct Line Ins. Group<br />
• FinTech Innovation Lab<br />
• Individual Investors<br />
• UK based technology-enabled portal fka. InsureStreet that<br />
distributes landlord and renters insurance that replaces the need for<br />
a security deposit<br />
• Round Hill Capital made a subsequent Series A investment on<br />
11/13/17 (terms not disclosed)<br />
10/03/17 PremFina – 36.0 • Draper Esprit<br />
• Emery Capital<br />
• Fineqia International<br />
• Microsoft Accelerator<br />
• Rakuten Ventures<br />
• Rubicon Venture Capital<br />
• Talis Capital<br />
• Thomvest Ventures<br />
• Undisclosed Investors<br />
10/03/17 Souqalmal 10.0 15.9 • 500 Accelerator<br />
• Gocompare.com<br />
• Hummingbird Ventures<br />
• Taqnia<br />
• UA Exchange Centre<br />
• Womena<br />
10/04/17 Clearsurance 4.0 6.0 • Davis Capital Partners<br />
• Michael Crowe<br />
• Undisclosed Investors<br />
10/04/17 Pie Insurance 4.3 4.3 • Elefund<br />
• Moxley Holdings<br />
• Sirius Insurance Group<br />
10/04/17 TensorFlight – – • Boost VC<br />
• Hemi Ventures<br />
10/05/17 CoverWallet 18.5 28.3 • Benzinga Global Fintech<br />
• Foundation Capital<br />
• Founder Collective<br />
• Highland Capital Partners<br />
• Index Ventures<br />
• Starr Companies<br />
• Two Sigma Ventures<br />
• Union Square Ventures<br />
• Undisclosed Investors<br />
10/05/17 Slice Labs 11.6 20.3 • Horizons Ventures<br />
• Munich Re / HSB Ventures<br />
• Plug & Play Accelerator<br />
• Sompo Holdings<br />
• Tusk Ventures<br />
• XL Innovate<br />
• Undisclosed Investors<br />
10/09/17 Coverfy 4.1 5.5 • K Fund<br />
• Sabadell Venture Capital<br />
• Seaya Ventures<br />
• SeedRocket<br />
• Individual Investors<br />
10/11/17 ValueInsured 6.5 6.5 • Everest Re Group<br />
• Houston Int’l Insurance<br />
• UK based white labeled software-as-a-service solution for<br />
insurance brokers enabling customized marketing and distribution<br />
• Fineqia International made a corporate minority investment in<br />
December <strong>2017</strong> (terms undisclosed)<br />
• Largest insurance and financial product aggregator in the UAE<br />
and Saudi Arabia allowing users to compare retail banking and<br />
insurance products<br />
• Insurance reviews site allowing consumers to share and compare<br />
experiences on personal lines coverages<br />
• Pre-launch worker’s compensation insurer using data analytics to<br />
provide affordable policies for small businesses<br />
• Targeted launch in early 2018<br />
• Analyzes satellite, aerial, drone, and street view imagery in order to<br />
automate manual in-person property inspections<br />
• Assists property insurers with underwriting, reins., risk and claims<br />
• Provides a concierge-like service that provides small businesses<br />
with insurance advice, quotes and policy management<br />
• Proprietary intelligent assessment system will identify the insurance<br />
needed based on specific business inputs and find a policy that fits<br />
within a desired budget<br />
• Offers GL, workers’ comp, BOP, commercial property, commercial<br />
auto, umbrella and other commercial lines coverages<br />
• The first on-demand insurance platform for the on-demand “gig”<br />
economy, providing pay-per-use insurance (e.g. ride sharing)<br />
• Spain based mobile application that allows users to compare prices,<br />
purchase or revise existing policies and report claims<br />
• Offers housing down payment protection coverage underwritten by<br />
Everest Re and Houston International Insurance<br />
• Product will reimburse homeowners’ down payment or refinanced<br />
equity in the event of a sale during fallen market prices<br />
Note: Blue font denotes current round investors.<br />
Quarterly InsurTech Briefing Q4 <strong>2017</strong> 54
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