Tracker
Insurtech funding statistics
208 rounds · $6.0B disclosed · $13.0M median · since Aug 8, 2024
The summary figures behind the round-by-round tracker — how big a round is at each stage, where capital concentrates, how this year compares with last, and how much of the underlying data is complete. Rebuilt every time the tracker is, and free to download and cite.
Year to date, against the same weeks of 2025
Each column runs from 1 January to Aug 8 of its own year, so the comparison is like for like — the open year is not being measured against a whole one.
| 2025 to date | 2026 to date | Change | |
|---|---|---|---|
| Disclosed capital | $1.9B | $2.4B | +29% |
| Disclosed rounds | 68 | 72 | +4 |
| Median round | $11.5M | $17.9M | +55% |
Capital and round count move together only when the market is doing the same thing at every size — where they diverge, the median row is the one to read. Round-by-round tables: 2026 · 2025.
How big an insurtech round is
The median round is $13.0M and the average is $28.7M — a gap that is the whole story of this table. Capital concentrates in a handful of large rounds while most rounds are small.
| Round size | Rounds | Share of rounds | Capital | Share of capital |
|---|---|---|---|---|
| Under $10M | 92 | 44% | $403.6M | 7% |
| $10M to $50M | 82 | 39% | $1.9B | 32% |
| $50M to $100M | 18 | 9% | $1.2B | 19% |
| $100M and above | 16 | 8% | $2.5B | 42% |
Median round size by stage
What a round at each stage is worth in this market, from the 94 rounds whose stage a publication stated outright. Stages with fewer than 8 rounds are left out rather than shown with a median their sample can't carry.
| Stage | Rounds | Median | Average | Total |
|---|---|---|---|---|
| Seed | 27 | $3.5M | $4.0M | $107.3M |
| Series A | 22 | $16M | $15.9M | $349.1M |
| Series B | 20 | $32.5M | $43.5M | $869.2M |
| Series C | 12 | $55M | $62.8M | $754M |
Capital and round count by quarter
The median column is what a single quarter's total cannot show: a quarter carried by one very large round and a quarter with broad activity read the same on capital alone.
| Quarter | Capital | Rounds | Median |
|---|---|---|---|
| Q3 2026 (in progress) | $473.8M | 17 | $20M |
| Q2 2026 | $1.1B | 21 | $17M |
| Q1 2026 | $867.0M | 34 | $15M |
| Q4 2025 | $986.2M | 28 | $20M |
| Q3 2025 | $420.4M | 25 | $7.5M |
| Q2 2025 | $725.7M | 25 | $13.0M |
| Q1 2025 | $823.0M | 27 | $15.2M |
| Q4 2024 | $173.9M | 17 | $5.3M |
| Q3 2024 | $406.3M | 14 | $13.1M |
The earliest quarters are thinner because the archive was backfilled from dated searches, which surface less the further back they reach — read a rise across the first few as this tracker seeing more, not necessarily the market doing more.
Capital by market
Where the disclosed money went, by the home market of the company that raised it. Company locations come from the market pages, so this covers the countries this archive tracks in enough depth to name.
| Market | Capital | Rounds | Companies |
|---|---|---|---|
| United States | $2.2B | 50 | 332 |
| France | $1.0B | 10 | 17 |
| India | $251.0M | 14 | 92 |
| United Kingdom | $205.3M | 12 | 97 |
| Singapore | $191.3M | 4 | 22 |
| Germany | $180.4M | 3 | 18 |
| Australia | $100M | 1 | 11 |
| South Africa | $76M | 2 | 8 |
| Canada | $72.2M | 7 | 28 |
| Hong Kong | $70M | 1 | 11 |
| Bermuda | $50M | 1 | 10 |
| Malaysia | $48.2M | 3 | 12 |
What is in the data
Anyone citing a figure above should know how complete the field behind it is. These are the disclosure rates across all 208 rounds, counted rather than described.
| Field | Rounds | Coverage |
|---|---|---|
| Amount in US dollars | 208 | 100% |
| Company attributed to the round | 199 | 96% |
| Stage stated by a publication | 94 | 45% |
| Lead investor stated by a publication | 33 | 16% |
| Reported in a currency other than USD, converted | 41 | 20% |
| Corroborated by more than one outlet | 81 | 39% |
Blank beats guessed: stage and lead investor are filled in only where a headline states them outright, which is why those two rows are the low ones. Every figure links to the reporting it came from in the full tracker.
Download the data
All 208 rounds as CSV or JSON — company, amount in US dollars, the figure as originally printed, stage, lead investor, date and a link to the reporting behind every row. Rebuilt with this page, so a download is never older than what is shown above.
New rounds as they are found: RSS feed. Free to use with attribution to Insurtech Daily and a link back to insurtechdaily.io/funding/. Please read how the numbers are compiled below before citing them.
How this is compiled
Every row is a funding round announced in the insurtech press and aggregated by Insurtech Daily. A round is counted only when a publication states a figure, so rounds closed without a number are absent. Amounts are shown in US dollars; a round reported in another currency is converted at a fixed reference rate and the row shows the figure as it was originally printed, so it can be checked against the reporting it links to. Market-size forecasts, earnings, acquisition prices and catastrophe losses are excluded, as are valuations — a headline that gives only what a company is now worth, and not what it raised, is not counted as a round. So are money raised by investors into their own funds, capital a company is spending rather than raising, public offerings and placings, and rounds still described as planned or rumoured. The same round reported by several outlets is collapsed into one row, with the extra outlets counted in the source column. Stage and lead investor are filled in only where a headline states them outright and left blank otherwise. Totals are therefore a floor on real activity, not a market estimate. Figures link to the reporting they come from — check it before citing.
The earliest months here were backfilled from dated searches rather than collected live, and those searches surface less the further back they reach. Coverage is thinner at the start of the archive than at the end, so a rise across the earliest periods may be this tracker seeing more rather than the market doing more. The quarter-on-quarter and year-on-year figures on the period pages are shown only between periods the archive covers in full.
This tracker is a work in progress, and data may contain errors and/or some rounds may be missing from this tracker. We do not guarantee the accuracy or completeness of the data tracked here.