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The series B round also featured capital from MS&AD Ventures, Portag3 Ventures and 8VC.
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The InsurTech scans satellite data to provide underwriters with data on the risks facing 90 million properties in the US.
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Jeff Greenberg’s private equity firm joins CapStreet on the shareholder roster at the records retrieval specialist.
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The company announced a $50mn Series C investment round led by Omers Ventures. -
The brand’s retirement slated for next year is emblematic of a broader shift in InsurTech.
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The startup also offers up to $4mn of general liability cover online and sells business owner policy packages.
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Arceo.ai hires John Soughan, Michael Phillips of Allianz Global Corporate & Specialty (AGCS) and Sam Lisi, a product manager at Beazley.
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The former Zurich EMEA CEO adds another non-executive role.
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The funding is understood to give Apax a small partial exit from its three-year-old majority shareholding.
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A past industry critic of Root has shifted to a more optimistic view of the company’s future.
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Donavan’s arrival follows the appointment of former Aspen Insurance CEO Mario Vitale as president in September.
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New filings show the InsurTech is expanding far faster than either Lemonade or Metromile but its losses have almost doubled.
