Insurtech Gateway has accomplished the primary shut of its Seed Fund II, enabling it to again 20 startups over the following 4 years from pre-seed to Collection A.
Statistics from Dealroom present insurtech startups are woefully underfunded in comparison with the likes of fintech, well being and mobility. From 2016 to 2022, fintech (excluding insurtech) received $323 billion, whereas insurtech obtained $43 billion.
Based in 2016, Insurtech Gateway is attempting to shut the hole, already supporting 24 portfolio firms, stay in 37 international locations, working with 26 insurers. It additionally has authorised incubators in London and Sydney.
Richard Chattock, CEO, Insurtech Gateway, says: “We imagine that insurance coverage and know-how can remodel society. We’re proud to have created a spot the place unbiased founders can construct sustainable partnerships with progressive insurers, regulators and co-investors.”