Soonicorn Club
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Soonicorn
Health I.Q. (2012, Mountain View, $81M) – Offers health quizzes to improve health consciousness and provides life insurance quotes using science and data
Market: Insurance Tech > Distribution Platforms > Life & Health > Life -
Minicorn
Matic Insurance (2014, Lviv, $7M) – Home insurance quote provider
Market: Insurance Tech > Distribution Platforms > Property & Casualty > Home -
Minicorn
FRISS (2006, Utrecht, $17.6M) – Analytics software for fraud, risk and compliance in the P&C insurance sector
Market: Insurance Tech > Enablers > Back-end Solutions > Fraud & Risk Management
Analyst Picks
- Zego (2016, London, $9.5M) – On-demand auto insurance for delivery drivers
Market: Insurance Tech > Distribution Platforms > On-Demand Insurance
Funding Rounds
Series C, $120M
Lemonade (2015, New York City, $180M) – Online home and renters insurance provider
Investors: GV, General Catalyst Partners, Sequoia Capital, Aleph Venture Capital, Sound Ventures, Thrive Capital, Tusk Ventures, XL Innovate, Allianz, SoftBank Group
Series C, $40M
H2O.ai (2011, Mountain View, $75M) – Provides an open source machine learning platform
Investors: NVIDIA, Wells Fargo, New York Life Insurance, Crane Venture Partners, Nexus Venture Partners, Transamerica Ventures, Aegon
Series C, $30M
Bima (2010, Stockholm, $112.2M) – Provider of mobile-delivered insurance in emerging markets
Investors: Allianz
Series B, $23.4M
Mojio (2012, Vancouver, $40.7M) – Cloud-connected device and platform for cars
Investors: Kensington Capital Partners, Trend Forward Capital, Innogy Venture Capital, BDC Capital, Deutsche Telekom Capital Partners, Relay Ventures, Amazon
Series A, $17.6M
FRISS (2006, Utrecht, $17.6M) – Analytics software for fraud, risk and compliance in the P&C insurance sector
Investors: Aquiline Capital Partners, BlackFin Capital Partners
Series B, $5.9M
Cytora (2013, Cambridge, $8.8M) – Real time data analytics for geographic security threats
Investors: QBE Group, Starr Companies, Cambridge Innovation Capital, Cambridge Enterprise, Parkwalk, Ilkka Paananen, Paul Forster
Series A, $5M
Bayzat (2012, Dubai, $12.5M) – A UAE based aggregator of financial and insurance products.
Investors: Silicon Badia, BECO Capital
Seed, $4.5M
Fuzzy (2016, San Francisco, $4.5M) – Insurance cover for Pets
Investors: Eniac Ventures, Crosscut, Precursor Ventures, SV Angel, FJ Labs
Series A, $3.5M
DreamQuark (2014, Paris, $3.5M) – Uses machine intelligence to develop prevention and diagnostic systems
Investors: CapHorn Invest, Plug and Play Tech Center
Seed, $175K
Medicare Pathfinder (2016, Atlanta, $175K) – Marketplace of medicare products
Investors: Piedmont Investment Group
Series A
Lubi Chexian (2015, Shenzhen, $1.4M) – Usage based insurance for Automobiles
Investors: Walden International
Series A
Inzmo (2015, Tallinn) – Insurance via mobile app
Investors: Helvetia
Series B
Premfina (2015, London, $36M) – Saas for Insurance finance
Investors: Fineqia
Series C
Skymet Weather (2003, Noida, $5.2M) – Crop insurance and weather forecasting data services
Investors: InsuResilience Investment, BlueOrchard Finance
M&A
- GoCompare to buy MyVoucherCodes.co.uk for 35 million pounds Reuters
- Genworth and Oceanwide Extend Merger Agreement PR Newswire
- Verisk Analytics : to Acquire PowerAdvocate 4-Traders
- Actua Announces Successful Completion of Sale of VelocityEHS and Bolt SolutionsGlobeNewswire
- Cover-More acquires majority stake in data analytics firm FitSense Deal Street Asia
- Octo Telematics Completes Acquisition of Willis Towers Watson UBI Assets Business Wire
- TechCanary acquires Atlanta development firm BizTimes
- HMT advises as Acturis acquires insurance software business The Business Magazine
IPO
- Temasek-backed Policybazaar.com starts process for IPO VCCircle
New Product Announcement
- CCC Launches CCC™ X Connected Data Exchange PR Newswire
- Black-owned insurtech startup Fo-Sho to unveil new short-term insurance productVentureburn
- Arity’s New Real-Time Accident Prediction Offerings to Help Reduce Vehicle Collisions and Fatalities on the Road GlobeNewswire
- CLARA analytics Unveils Industry-First Network Analysis Solution to Incorporate Case-Mix Adjusted Scoring Into Network Stacks Business Wire
- SURE Launches First U.S. App-Based Rental Car Insurance PR Newswire
- Clearsurance Launches New Educational Content Platform for Consumers and Announces Strategic New Hires Business Wire
- Latest Capabilities Released for IVANS Exchange 2018 PRWeb
- Malaysian Insurtech Company, Fatberry Launches FinTechnews
New Geo Entry
- eBaoTech Announces Global Launch of eBaoCloud InsureMO PR Newswire
Business Partnership
- Waymo & Trov Partner For Self-Driving Rider Insurance Android Headlines
- Rent Stabilization Association of NYC and Rhino Announce Partnership to Bring Security Deposit Alternative to Members 4-Traders
- KeyBank Forms Strategic Partnership With Snapsheet To Provide Powerful Insurance Claims Payment Solutions PR Newswire
- Verisk Analytics : PICC Re Collaborates with AIR Worldwide to Manage Its Growing Portfolio 4-Traders
- Chinese online insurer ZhongAn forms offshore arm with Sinolink to up bets on fintech, insurtech globally South China Morning Post
- SSP accelerates Pure Insurance implementations with RWITL partnership Bobsguide
- Affinion Insurance Solutions Partners with Tomorrow Ideas PR Newswire
Company Announcement
- Property website ZPG ends pursuit of rival GoCompare Reuters
- Sapiens Announces that Ohio Bureau of Workers Compensation Completes First Year Under StoneRivers PowerSuite Enterprise PressReleasePoint
- FINEOS Announces Three New Customers in the Cloud Business Wire
- Western Reserve Group Deploys Guidewire Systems for Claims Management and Digital Engagement PressReleasePoint
- Collective Health Doubles Enterprise Clients and Prepares for Rapid 2018 ExpansionBusiness Wire
- Sirius Group Selects Insurity SIMS Claims and Oceanwide Bridge with Cloud Deployment Business Wire
Earning Release
- Guidewire Software Announces First Quarter Fiscal 2018 Financial Results Business Wire
Earnings Commentary
- Oscar Health expects to generate $1 billion in revenue and sign up 250,000 members in 2018 TechCrunch
Key People Movement
- Connecture Announces Brian Lindstrom as New Chief Financial Officer GlobeNewswire
- Collective Health : Expands Leadership and Advisory Board with Healthcare and HR Industry Leaders 4-Traders
Board Updates
- Health Insurance Innovations adds John Fichthorn to its Board as Independent DirectorTalent4Boards
- Goji adds to advisory board Wealth Adviser
Award
- Benefitfocus Wins Gold in the 2017 Brandon Hall Group Excellence Awards in Technology PR Newswire
- FAST Earns XCelent Award for Advanced Technology Business Wire