According to the latest stats from WillisTowersWatson, insurtech investment had its strongest quarter in Q1, 2021 raising US 2.55 billion across 146 deals. Investors are finally giving insurtech some love, but where is headed?
- Top 3 funding rounds this quarter went to Next Insurance, Coalition and Zego.
- Next Insurance and Zego achieved unicorn status with US 1.75 bn and US 1.1 bn valuations.
- Majority of companies were raising Series C rounds.
- 60% of deals this quarter went to early stage companies.
Check out the full report here.
Tim Chan is an insurance & insurtech lawyer at global law firm Norton Rose Fulbright and Founder of The InsurTech Lawyer blog. He regularly advises insurers and startups on emerging legal issues affecting the industry. Follow Tim on Twitter: @timinsydney