blog Market Intelligence /marketintelligence/en/news-insights/blog/fintech-funding-flows-to-insurtech-in-february content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List
Fintech

Fintech Funding Flows To Insurtech In February

Blog

Is new ad tax a threat to Poland's media sector?

Blog

Banking Essentials Newsletter - February Edition

Blog

The 2021 Technology M&A Outlook

Blog

Domestic box office plummets 80% in 2020

Fintech
Fintech Funding Flows To Insurtech In February

Mar. 21 2018 — Insurance technology companies took center stage in the month of February, attracting the most investor dollars of the various financial technology subsectors that S&P Global Market Intelligence tracks. Overall funding in the financial technology sector declined about 10% from the prior month, however, based on the disclosed value of deals involving private U.S.-based companies that closed in each period.

Two health-insurance-focused startups were key drivers of the $216 million that flowed into insurtech. These were CollectiveHealth and Bind Benefits, which closed on $110 million and $60 million funding rounds, respectively. Both provide tech solutions to companies that self-insure (i.e. provide health coverage for their employees with their own money rather than using an outside insurance company.)

This was a departure from last month, when investment and capital markets technology was the most well-funded, bolstered by capital raises from several robo-advisors, including Wealthfront and Acorns. Meanwhile, insurance technology companies only closed on $71.3 million worth of transactions during the month.

Already a client? Access more data and insights from the full report here.

Learn More About Sector Intelligence
Request a Demo