PriyaPatel
TLDR:
The top three largest global insurtech equity deals in Q2 had an average funding round of $117 million, earning an average of 9.20% of their total funding in Q2. In total, the top ten deals earned $763 million in funding. Sidecar Health ranked first with $165M, followed by ICEYE and Vitesse tying for second with $93M each.
10 biggest global insurtech equity deals in the second quarter
The second quarter of the year saw significant investments in the insurtech sector, with the top three largest deals averaging $117 million per funding round. These deals accounted for 9.20% of the total funding in Q2. In total, the top ten insurtech equity deals in Q2 earned $763 million in funding.
The top three deals were as follows:
- Sidecar Health: $165M Series D on June 26, earning 13.0% of total funding.
- ICEYE: $93M Series D on April 17.
- Vitesse: $93M Series C on May 21.
Other notable companies in the top ten list included Cover Genius, Honey Insurance, Arbol, FintechOS, Clearcover, Chapter, and Honeycomb, with funding rounds ranging from $36M to $80M. These investments indicate a strong market interest and growth potential in the insurtech sector.
Overall, the second quarter of 2024 demonstrated a continued trend of significant investments in insurtech companies, highlighting the industry’s potential for innovation and growth.
