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 />
11/02/17 Chechechexian 30.3 46.4 • China Broadband Capital<br />
• China Capital Group<br />
• Shunwei Capital Partners<br />
• Zhongjin Huicai Inv. Mgmt.<br />
11/07/17 Matic 7.0 7.0 • Anthemis Group<br />
• ManchesterStory Group<br />
• Mr. Cooper<br />
• National General Holdings<br />
• Nationwide Mutual<br />
• Plug & Play Accelerator<br />
11/13/17 CLARA<br />
Analytics<br />
11.5 23.0 • Oak HC/FT Partners<br />
• Undisclosed Investors<br />
• China based online platform that provides intelligent<br />
recommendations for auto coverages and immediate quotes<br />
• Technology-driven insurance agency focused on helping lenders<br />
and loan officers better integrate homeowner’s insurance into the<br />
lending process<br />
• Easy-to-use, AI-enabled claims management software solution for<br />
workers’ compensation insurance<br />
• Connects insured workers to a large network of top-rated<br />
healthcare providers<br />
• Full automation of simple claims with 99% accuracy<br />
11/15/17 Goji 15.0 109.9 • Coffin Capital & Ventures<br />
• Five Elms Capital<br />
• Hudson Structured Capital<br />
• Thayer Street Partners<br />
• Village Ventures<br />
• Undisclosed Investors<br />
11/16/17 At-Bay 6.0 6.0 • Lightspeed Ventures<br />
• LocalGlobe<br />
• Shlomo Kramer<br />
• Leading independent online and offline data-driven personal lines<br />
insurance distribution platform combining digital quoting capabilities<br />
with personalized recommendations from licensed insurance agents<br />
and customer service representatives<br />
• Carrier partners include Liberty Mutual (Safeco) MetLife, National<br />
General, Progressive, State Auto, Travelers and others<br />
• Analyzes, models and predicts cyber risk to offer customized cyber<br />
insurance coverages designed to enable companies to innovate<br />
despite the threat of cyber risk<br />
• Product development partnership with Munich Re/HSB Ventures<br />
11/16/17 justInCase – – • 500 Startups • Japan based provider of AI-powered repair cost insurance for<br />
smartphone users<br />
11/20/17 Zego 8.0 9.6 • Balderton Capital<br />
• LocalGlobe<br />
• Undisclosed Investors<br />
11/22/17 Snapsheet 4.4 49.9 • Commerce Ventures<br />
• F-Prime Capital<br />
• IA Capital Group<br />
• Intact Ventures<br />
• Liberty Mutual Ventures<br />
• Lightbank<br />
• Montage Ventures<br />
• OCA Ventures<br />
• Plug & Play Accelerator<br />
• Pritzker Group VC<br />
• Tola Capital<br />
• USAA<br />
• Undisclosed Investors<br />
11/28/17 Fo-Sho – 0.0 • Startupbootcamp<br />
• Undisclosed Investors<br />
12/06/17 Cytora 5.9 8.8 • Cambridge Seed Funds<br />
• Cambridge Innovation Cap.<br />
• Parkwalk Advisors<br />
• QBE Ventures<br />
• Starr Companies<br />
• iLexIR<br />
• Plug & Play Accelerator<br />
• Fintech Innovation Lab<br />
• Individual Investors<br />
12/07/17 INZMO 1.2 1.8 • 500 Accelerator<br />
• Helvetia Venture Fund<br />
• UNIQA Insurance Group<br />
• UK based distribution platform offering hourly insurance for<br />
commercial auto risks, primarily for “gig economy” workers<br />
• Partnership with Aviva to offer pay-as-you-drive insurance for<br />
drivers in sharing economy companies, such as UberEATS,<br />
Deliveroo and Jinn<br />
• Self-service mobile app for estimating auto claims by photo<br />
• Offers a full suite of products to help carriers, adjusters and<br />
customers analyze claims efficiently<br />
• Enables insurers to handle approximately 90% of auto claims<br />
virtually within ~30 days<br />
• Clients receive claims estimates in an average of 2.7 hours after<br />
photos are received<br />
• Hired Andy Cohen as COO in June <strong>2017</strong> (previously CNA VP of<br />
Worldwide Field Operations)<br />
• South Africa based mobile application distributing personal lines<br />
P&C coverages<br />
• UK based data analytics solutions provider<br />
• Cytora’s risk engine captures the online footprint of risks clients<br />
continually face from crawling data from company websites, news<br />
articles and government datasets, and processes data using AI<br />
algorithms to predict future claims, attractive risk profiles and<br />
quality of risk<br />
• Strategic partnerships with QBE, Starr and XL Catlin<br />
• Estonia based mobile insurance comparison platform for everyday<br />
personal lines insurance products<br />
Note: Blue font denotes current round investors.<br />
Quarterly InsurTech Briefing Q4 <strong>2017</strong> 56
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