Stand Raises $35 Million to Reinvent Insurance for America’s Most Vulnerable Homes, Expands into Florida

The insurance industry faces an unprecedented reckoning as climate change drives up the frequency and severity of natural disasters. Stand, a San Francisco-based startup, is taking a data-driven, mitigation-first approach to insuring homes exposed to catastrophic risks like wildfire, flood, and wind. Having underwritten over $1 billion in insured value in wildfire-prone California within a…

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Irys Lands $12.5M to Rebuild the Backbone of Insurance — From Legacy Engines to an AI-Native Core

Irys, a Tampa‑based insurtech, has closed a $12.5 million seed round led by Markd, with backing from Deepwork Capital, Florida Opportunity Fund, Ansay & Associates, HICO Ventures, and JMG Capital. The new capital will accelerate engineering hiring, deployment of its platform across U.S. and Canadian markets, and further integrations with distribution partners. At the heart…

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Eir Insurance Raises €20M from Endeit Capital to Power Europe’s Embedded Insurance Engine

In a vote of confidence for embedded insurance’s growing role in European fintech, Stockholm-based Eir Insurance has secured €20 million in growth capital. The round was led by Endeit Capital, an Amsterdam-based investment firm focused on scaling European tech ventures, with participation from select family offices and existing shareholders. Eir Insurance operates with a B2B2X…

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Zinnia Secures $300 Million in Strategic Financing to Transform Life and Annuity Market

In a significant move poised to reshape the life and annuity (L&A) insurance technology landscape, Zinnia, a leading innovator in the sector, has successfully raised $300 million in strategic financing from Vista Credit Partners, a subsidiary of Vista Equity Partners. This funding marks a pivotal moment for Zinnia, enabling it to accelerate its market penetration…

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DeepOpinion Secures €11 Million to Revolutionize Disaster Claims Automation

In a significant stride towards enhancing disaster claims processing, Austrian startup DeepOpinion has successfully raised €11 million in a Series A funding round. Specializing in enterprise-level process automation, DeepOpinion harnesses advanced AI technology to tackle the complexities of knowledge-intensive tasks within business operations. Recent natural disasters, particularly floods in Austria, have illuminated the urgent challenges…

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Roots Automation Secures $22.2 Million Funding to Revolutionize Unstructured Data Utilization in Insurance with AI

In a significant leap forward for the insurance industry, Roots Automation, renowned for its innovative AI solutions, has successfully closed a $22.2 million Series B funding round. This investment, spearheaded by Harbert Growth Partners, alongside support from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures, aims to enhance the capabilities of its AI-driven tools and…

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Walnut Insurance Secures $4.6M in Funding to Pioneer Embedded Insurance Solutions

Walnut Insurance, a trailblazer in the insurance distribution sector, has announced the successful closing of a $4.6 million funding round. This investment marks a significant milestone for the company, which aims to revolutionize the industry through its advanced embedded insurance technology platform. The newly acquired capital will be channeled towards scaling Walnut’s innovative solutions, expanding…

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