Overhaul, an Austin, Texas-based logistics tech startup, has raised $35 million Series B funding led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (a venture arm of CSAA Insurance Group). Overhaul will use the fresh capital infusion to accelerate its roadmap in continuing to optimize its current category-creating products.

Fighting Fire with Insights: CAPE Analytics Uses Computer Vision to Put Geospatial Data and Risk Information in Hands of Property Insurance Companies

Upsie, a consumer warranty startup, has raised $18.2 million in a Series A round led by True Ventures. The financing brings the total raised for the St. Paul, Minnesota-based startup to $25 million since its 2015 inception.

Kin Insurance is expanding to offer homeowners insurance coverage in Louisiana. The company said the expansion into the underserved Louisiana market creates new opportunities for residents — especially for those in high-risk areas. Kin Insurance describes itself as an insurtech that relies on data models that provide over 10,000 property data points to find coverage accurately priced for each home. It currently offers homeowners insurance in California and Florida. Kin Insurance Network Distributor (KIND) can offer Louisianans HO3 coverage. The Kin Interinsurance Network is Rated A, Exceptional, by Demotech, a testament to the underwriter’s ability to pay out claims, even after widespread […]

A reciprocal exchange is the ideal structure for insurtech investors. I’ve written before about how reciprocal exchanges are the original peer-to-peer (P2P) insurance model and have many benefits for consumers. Reciprocals also have some big benefits for investors because they: Aren’t directly exposed to insurance risk Have stable earnings / higher valuations Have a simple gross margin calculation Better match capital structure to investor preferences Offer full control and stability Background: What Is a Reciprocal Exchange? Let’s rewind a bit. Reciprocals started way back in 1881 when dry-good merchants in New York got fed up with overpaying to insure their […]

Pleasanton, California-based Cowbell Cyber raised a $20 million Series A as more small and medium-sized enterprises look for insurance against the growing number of cyberattacks.