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Insurtech startup Inshur has secured $19 million in Series B funding. AdvertisementNew York-based startup Inshur, which provides bespoke insurance for workers in the on-demand economy, has secured $19 million in Series B funding. AdvertisementIts products are used by ride-hailing clients such as Uber and can be embedded into a company's existing platform. For example, Uber drivers can log in using their Uber credentials on the Inshur app, to get a quote, said Bratshpis. The Series B, led by Viola Growth and with participation from MS&AD, brings the startup's total funding to $80 million.
Persons: , Dan Bratshpis, Viola Growth, Inshur Organizations: Service, Uber, American Business Insurance Services Locations: New York
Coverdash, a New York-based embedded insurance startup, has raised $13.5 million. The startup offers insurance products via partners to SMEs. Coverdash, a New York-based embedded insurance startup, has raised $13.5 million in VC funding. Coverdash's platform lets insurance providers offer commercial insurance products to businesses, which are embedded into their own front-end systems through code. This story is available exclusively to Business Insider subscribers.
Organizations: Business Locations: New York
What was supposed to be a way to get through the summer doing "the lame insurance thing" turned into a career, she said. "People's expectations of this industry are generally quite wrong," Robic told Business Insider. What makes insurance unique, Robic said, is that "the thing you're promising people doesn't change." What's one thing you're excited about for 2024? And it sounds silly, because it's insurance, and I think you're inundated with images on TV as to what insurance is.
Persons: Ana Robic, Chubb, She's, , Robic, It's, I'm, we've, you've, We're, There's, We've, we're, Ana Robic's Organizations: Service, Chubb, Business Locations: Business, Canada, North America, New Jersey, Dallas
Belgian insurance tech startup Qover has raised $30 million in Series C funding. Belgian insurance tech startup Qover has raised $30 million in a Series C funding round. "2022 was pivotal for our business because VC funding slowed down, metrics changed and we have a strong exposure to VC-backed companies," Colmant said. The Series C funding round came from investors including Anthemis, Alven, Kreos Capital and Zurich Global Ventures at an increased valuation. Check out Qover's 18-slide Series C pitch deck below:
Persons: Qover, Quentin Colmant, Colmant, Monese Organizations: Kreos, Zurich Global Ventures Locations: Belgian, Brussels, Kreos Capital
Accenture — The stock fell 2.6% after the consulting firm shaved the top end of its revenue expectations for the fiscal year. Darden posted earnings of $2.58 per share on revenue of $2.77 billion in its latest quarter. Tesla — Tesla shares traded flat amid a choppy session after Morgan Stanley downgraded the electric-vehicle giant to an equal weight rating from overweight, citing valuation concerns. Loop also reiterated its buy rating and raised its price target given what it sees as an opportunity for the stock to rally further. Expedia , TripAdvisor — Expedia and TripAdvisor gained 1.5% and 3.2%, respectively, after B. Riley initiated coverage on each stock as buy.
Persons: AeroSystems, Max, Darden, Eugene Lee, influencer Dylan, Tesla, Morgan Stanley, Root, JPMorgan Chase, Dow, , TripAdvisor, Riley, Expedia, Eli Lilly —, Samantha Subin, Michelle Fox, Jesse Pound Organizations: Bed, Boeing, Accenture, Darden, FactSet, Anheuser, Busch InBev —, Deutsche Bank, NRG Energy, Wall Street, Elliott Investment Management, Embedded Insurance, Alcoa, JPMorgan, Amazon Prime, Bank of America Locations: Salt Lake City , Utah, Wichita , Kansas, Illinois
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