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The investment, which brings total fundraising to $55mn, will be used to expand into fresh markets.
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Digital Risks, which focuses on the small and medium-sized enterprise market, said it is growing by 25 percent month-on-month.
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Acrew Capital led the round, with Munich Re Ventures also participating.
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The consultant urges incumbents to connect with big tech super-gatekeepers.
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The latest fundraising exceeds the cumulative $14.3mn raised previously, according to Crunchbase.
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The company makes its Nasdaq debut.
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Nine cedants including Allianz and Generali were involved in the pilot.
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The digital notice of loss product allows customers to report accidents online or through an app.
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The MGA is backed by (re)insurance capacity from Markel, through the carrier’s Nephila insurance-linked securities fund.
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The series C fundraising round was led by Accel and joined by other investors including Weatherford Capital.
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Despite a record $2bn funding quarter, early-stage funding volumes decreased year on year.
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In total, 184 InsurTechs have failed over the last three years.
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