Insurtech is showing signs of life.
The vertical witnessed a 53% increase in deal value in Q3 compared to the previous quarter, hitting $1.7 billion raised across 115 deals, according to PitchBook’s Q3 2023 Insurtech Report. It’s a turning point for the vertical, which has been on a downward trajectory since 2021. The rise has been driven partially by more private equity investors getting involved: PE firms invested $6.8 billion into the vertical through the first three quarters of the year, surpassing 2022’s total of $4.2 billion.
These are the 10 most active VC investors in insurtech since 2018, according to PitchBook data.
Featured image by Julia Midkiff/PitchBook News
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