As more venture capital investors turn their eye to disrupting the global insurance industry, annual funding to the insurance tech startups has already tripled in growth in 2015 year-to-date. But a handful of companies have amassed considerably bigger war chests than the rest.
We used CB Insights data to highlight the five most well-funded insurance tech startups, below. Four of them are operating in the health insurance space, including software-enabled health insurance broker Zenefits, employer-provided insurance platform Collective Health, and tech-driven health insurer Oscar Health. Together, the five have raised over $2.5B in aggregate funding to date.
| Company | Description | Total Funding ($M) |
|---|---|---|
![]() Zhong An Insurance |
Chinese online P&C insurance seller | 931 |
![]() Oscar Health |
Tech-driven health insurer | 728 |
![]() Zenefits |
HR software and health insurance broker | 584 |
![]() Gusto |
HR software and health insurance broker | 161 |
![]() Clover |
Analytics-driven health insurance model for Medicare Advantage members | 135* |
*Includes debt financing
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