Top 5 P&C insurtech funding rounds of Q2 2019

July 16, 2019 5:45 AM

Buildings stand in the skyline of downtown in this aerial photograph taken above San Francisco, California, U.S., on Monday, Oct. 5, 2015. With tech workers flooding San Francisco, one-bedroom apartment rents have climbed to $3,500 a month, more than in any other U.S. city. Photographer: David Paul Morris/Bloomberg

David Paul Morris/Bloomberg

Insurtech funding activity in the second quarter of the year continued strong momentum and larger sums, as winning players emerge. Here are the top rounds of the period. (Data is sourced from Crunchbase)

Lemonade

Series D, $300 million

News: The renter's insurance company, which built its brand around the opportunity for charitable giving, just announced its 2019 Giveback amount is more than $600,000. Policyholders choose a Giveback charity when they sign up,, and Lemonade then gives back any leftover money up to 40% of premiums to their chosen cause.

Zego

Series B, $42 million

News: Zego recently announced an upgrade to its Quick Estimates feature, allowing Private Hire coverage to be purchased without a phone call.

Coalition

Series B, $40 million

News: Launched a cyberinsurance program for charities and non-profits in Oct. 2018.

Cytora

Series B, £25 million

News: Won award for ‘most strategic impact’ from the Digital Insurance Agenda conference in Europe in January.

Snapsheet

Series E, $29 million

News: Claims tech company signed Union Standard Insurance Group (USIG), a W.R. Berkley Company, as a customer in March.