Newly launched InsurTech Covu has raised $10mn in seed funding led by ManchesterStory Group to back its AI-enabled digital platform for insurance agencies.
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BrokerTech Ventures Announces $34 Million BrokerTech Fund
DES MOINES, Iowa, May 2, 2023 /PRNewswire/ — BrokerTech Ventures (BTV), the industry’s first broker-led convening platform and accelerator program, has partnered with leading insurtech venture capital investor ManchesterStory Group (ManchesterStory) to launch the BrokerTech Fund, LP, the first venture capital fund focused on early-stage insurtech companies developing broker-centric technology solutions. Limited Partners of the $34 million Fund include Holmes Murphy, M3 Insurance, Baldwin Risk Partners, UNICO Group, IMA Financial Group, Christensen Group, and The Graham Company.
Property risk intelligence provider Betterview secures funding
Betterview, an InsurTech that provides property risk intelligence, has closed a round of funding. The round was led by existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory. Betterview is a provider of actionable intelligence to property and casualty (P&C) insurance companies.
OMERS Ventures Leads Series A in Joyn Insurance Services
Insurance technology company Joyn Insurance Services Inc. announced that it exceeded its fundraising target with a US$ 17.7 million Series A funding round led by OMERS Ventures with participation from Avanta Ventures, ManchesterStory, Cohen Circle, SiriusPoint, and several private individual investors. Joyn Insurance Services Inc. is a Delaware-domiciled, licensed producer and general agent that operates under its “Joyn”TM and “Joyn Insurance”TM brands. Launched in July 2021, Joyn Insurance integrates insurance, data, and technology expertise. Joyn offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, D.C. Representatives from OMERS Ventures, ManchesterStory and Avanta Ventures will also be joining the Board of Directors of Joyn Insurance.
Vision benefits company XP Health raises $17.1M and more digital health fundings
XP Health, a company developing a digital-first vision benefits platform, raised $17.1 million in a Series A funding round led by HC9 Ventures, Valor Capital Group and ManchesterStory. Additional investors include Core Innovation Capital, GSR Ventures, Canvas Ventures, Plug and Play, CameronVC, Ken Goulet, Kevin Hill, Jeff Epstein and Brett Rochkind. This recent funding round followed a $5.5 million raise in 2021.
Better Agency Raises $8 Million in Series A Financing
PHOENIX, May 2, 2022 (Newswire.com) - Better Agency, the agency success platform for insurance agents, announced today that they raised $8m in a Series A round, led by Teamworthy Ventures. There was additional participation from ManchesterStory Group, PHX Venture Partners, and Crystal Venture Partners.
Plum Life Secures $5.3 Million in Seed Round to Accelerate Growth of its Agent-Only Digital Life Insurance Platform
BERKELEY HEIGHTS, N.J.--(BUSINESS WIRE)--Plum Life Inc announced today it closed a $5.3 Million seed round led by ManchesterStory with additional participation from MTech Capital, Sonostar Ventures and other investors. This round of funding will position Plum Life to build upon its initial success attracting new Insurance Agents to its best-in-class digital life insurance sales platform. The company will make several key hires, continue to enhance the platform and drive sales through targeted advisor outreach.
Credit InsurTech Firm LimitFi Closes Seed Funding Round
Limit Financial (LimitFi), a managing general underwriter (MGU) specializing in credit insurance and reinsurance solutions, is pleased to announce the company recently closed a seed funding round led by Des Moines-based ManchesterStory, a venture capital (VC) firm focused primarily on the InsurTech sector.
FloatMe Banks On $3.7M Seed To Prevent ‘Vicious Cycle’ Of Overborrowing
Financial app FloatMe aims to change the way millennials interact with their money, starting with covering cash gaps and saving for emergencies. The startup, headquartered in San Antonio, Texas, and Cleveland, brought in a $3.7 million seed funding round to assist with its mission. The financing was led by ManchesterStory.
Trusty.care Raises $1.5M to Offer Healthcare and Financial Planning Solutions for Medicare Patients
After working in a nursing home for five years, the founders of Trusty.care saw an opportunity to reduce the burden on the elderly population facing financial and high healthcare costs for retirees. Trusty.care raised a $1.5M Seed extension with ManchesterStory, Clearstone Capital and angel investors.
Verikai Secures $6 Million in Series A Funding
SAN FRANCISCO - July 8, 2020 - (Newswire.com) - Insurance technology company Verikai has raised $6 million in Series A funding. Leveraging alternative data and machine learning to define risk, Verikai will use the funding to build out their corporate structure, with a strong focus on expanding their sales and marketing resources.