insurtech Archives

Kiwi insurtech veteran Javln raises $6 million for Australian push

Startup Daily - October 2, 2025 < 1 MIN READ

Cloud-based insurance software-as-a-service scaleup Javln has raised A$6 million for its Australian expansion. The round was led by boutique fund manager Microequities Asset Management and alongside crossing The Ditch, will be used for R&D and entry into other markets New Zealand entrepreneur Dale Smith founded Javln in 2011. It simplifies clients, policies, claims, and document management… Read more »

Funding

Commercial insurance broking startup lands UpCover $11 million Series A

Startup Daily - February 10, 2025 2 MIN READ

Commercial insurance broking startup UpCover has raised $19 million in a Series A round. On top of the $11 million equity investment, the insurtech also secured $8 million in debt. The round was led by RealVC, with support from existing investors Antler Elevate’s Global Fund – Upcover was part of its inaugural accelerator program in… Read more »

Funding

Insurtech startup banks $108 million Series A

Startup Daily - April 8, 2024 < 1 MIN READ

Three-year-old insurtech startup Honey Insurance has raised $108 million in a Series A that’s lured in US investors Founded by entrepreneur Richard Joffe, cofounder of US-based Park Assist and Stella.ai, Honey launched in 2021. It raised a record $15.5 million in a Seed round led by underwriting partner RACQ and other institutional investors, including AGL,… Read more »

Other tech

How insurtech is transforming a $7 trillion global market

Startup Daily - December 14, 2023 3 MIN READ

The Australian insurance market is worth $100 billion annually and $7 trillion worldwide, offering a massive opportunity for startups in the space With that prize in mind, Insurtech Australia brought together startups in the space, early-stage investors and business leaders in Sydney at at event sponsored by Investment NSW to debunk investment myths around early-stage… Read more »

Simfuni cofounders Damon O'Neill and Shaun Quincey

Funding

Kiwi insurtech Simfuni banks NZ$2.8 million in Series A

Startup Daily - July 20, 2023 2 MIN READ

Auckland-based insurance premium payments platform Simfuni has raised NZ$2.8 million in a Series A to save brokers time and money. The round was led by Kiwi VC funds Icehouse Ventures and GD1, with support from K1W1 and NZVC. The insurtech platform integrates with any insurer, broker group or premium funder’s quoting and invoicing software in… Read more »

Funding

Proptech startup Downsizer bags $3.75 million in Seed round to help boomers move out and on

Apurva Chaudhry - March 15, 2023 2 MIN READ

Sydney-based proptech startup, Downsizer, has secured A$3.75 million in seed capital. The round was led by Correlation Australia Holdings (CAH), supported by existing shareholders, including family offices and high-net-worth individuals. It brings the total raised to date to $6.1 million. Downsizer is an award-winning startup that provides digital solutions for the finance, property, and insurance… Read more »

Funding

Business insurance startup Upcover raises $2.7 million Seed round

Simon Thomsen - July 5, 2022 2 MIN READ

Insurtech startup Upcover has raised $2.7 million in a Seed funding alongside $2 million in debt as it looks to transform the small business insurance sector. The round was backed by venture funds Antler Australia – Upcover was part of its inaugural accelerator program in 2019 – and Betterlabs, as well as a range of … Read more »

Funding

Insurtech startup AuditCover books $1.7 million Seed round

Simon Thomsen - April 11, 2022 2 MIN READ

Tax office audit insurtech AuditCover has raised $1.7 million in a Seed round led by Hunter Equity Group. Other strategic investors included local angel investors Ron Lesh of BGL) and Guy Pearson of Ignition, as well as Nasda-listed global reinsurance business Greenlight Re. Founder and CEO Gil Snir has built AuditCover as an insurance distribution… Read more »

Other tech

Insurtech Ride Protect launches to cover gig economy drivers

Simon Thomsen - November 25, 2021 2 MIN READ

Australian car insurance startup Ride Protect, which is designed specifically for rideshare drivers, launched this week. Ride Protect founder and CEO Jeremy Bennett developed the insurtech solution after realising that up to a third of gig economy drivers had not told their insurer they are part of a rideshare/food delivery service or are unaware they… Read more »

Funding

Insurtech Cover Genius hits unicorn after $100 million series C raise

Simon Thomsen - October 1, 2021 2 MIN READ

Sydney insurtech Cover Genius has capped a staggering month of capital raises for Australian startups, raising $100 million in a series C. The round was led by Singapore office of Japanese insurer Sompo Holdings, chipping in around $68 million, joined by Silicon Valley VC G Squared and existing investors. The funding will be used to… Read more »

Funding

Insurtech Open raises $31 million series B to go global

Simon Thomsen - August 31, 2021 2 MIN READ

Australian insurtech Open has raised a $31 million series B as it looks to launch in New Zealand and the UK in the 12 months. The round was led by Kiwi VC Movac and Latitude in the UK. Existing investor AirTree Ventures backed the scale-up once again, taking the total capital raised to $53 million.… Read more »

Topic

A leading UK insurance tech incubator is launching in Sydney

Simon Thomsen - July 31, 2019 2 MIN READ

London’s Insurtech Gateway is launching its first international program in Australia Former Insurtech Australia CEO Simon O’Dell will run the incubator The program aims to support 4-6 startups over the next 2 years London’s Insurtech Gateway incubator is launching its first international program: Insurtech Gateway Australia. The venture will be based at Sydney’s Stone and… Read more »

Advice

How insurtech startups are transforming insurance through collaboration

Simon O'Dell - March 2, 2019 2 MIN READ

The insurtech conversation in Australia has moved on from “if” to “how”. Leading insurance firms of the future will be those who successfully partner with insurtechs to realise their digital transformation strategy. After all, 67 percent of insurtechs exist solely to aid digital transformation. As we know, there are high barriers to entry to the… Read more »

Advice

New Zealand startup Cove wants to help consumers manage their insurance experience via chatbot

Gina Baldassarre - November 30, 2017 3 MIN READ

With consumers time-poor, the aim is for Cove to deliver “the most intuitive mobile experience of any insurer in the world”.

Topic

Insurtech is an expanding global industry thanks to claim and drone startups, says report

James Ward - September 22, 2017 2 MIN READ

InsurTech has been pinned as a growing industry thanks to claim and drone startups, although it is faced with fundamental challenges, according to a report.