Wilson’s insurtech Abacai Group, the newcomer set up in partnership with Sun Capital Partners, is acquiring short-term car insurance firm Dayinsure for an undisclosed sum.
Insurtech startup Riskcovry has received $5 million in Series A funding, led by Omidyar Network India. Pune-based venture capital fund Pentathlon Ventures and Delhi-based DMI Sparkle Fund were also among the new investors.
Colorado-based insurtech AgentSync has raised $25m in a Series A funding round co-led by Elad Gil and David Sacks’ Craft Ventures, taking its valuation to $220m.
Corvus Insurance, the commercial insurance MGA leveraging big data, has secured $100 million in a Series C funding round led by Insight Partners, increasing Corvus’s valuation to $750 million.
Ephesoft, an intelligent document processing automation and data enrichment solutions provider will help APRIL expedite and automate its insurance claims and hospital invoices.
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