Q1 2018

Company: Snapsheet

Capital Raised: $49.9m

Disclosed Investors: Commerce Ventures, IA Capital Group, Intact Ventures, Liberty Mutual, Lightbank,

OCA Ventures, Plug and Play, Pritzker Group Ventures, USAA, Other investors


  • Self-service mobile app for estimating auto claims by photo
  • Clients receive claims estimates in an average of 2.7 hours after photos are received
  • Enables insurers to handle approximately 90% of auto claims virtually within 30 days
  • Offers a full suite of products to help carriers, adjusters and customers analyze claims efficiently

Company: Clearcover

Capital Raised: $14m

Disclosed Investors: 500 startups, Greycroft Partners, Lightbank, Silicon Valley Bank, undisclosed investors


  • AI-enabled online MGA that generates auto coverage recommendations depending on specific customer needs
  • Allows customers to shop directly through their mobile device

Company: Paladin Cyber

Capital Raised: $4.1m

Disclosed Investors: Lightbank, undisclosed investors


  • Offers comprehensive cyber security protection to small and medium size businesses
  • Provides a free phishing test to assess company risk as well as cyber protection services and cyber attack support
  • Offers a single plan with up to $1 million of cyber liability coverage

Q4 2017

Company: Oscar

Capital Raised: $727.5m

Disclosed Investors: 8VC, BoxGroup, Brainchild Holdings, Breyer Capital, capital, Fidelity Investments, Formation 8, Other Investors


  • Technology-enabled health insurer founded in 2013
  • Sells individual and small group health plans, distributing both directly and through brokers (including online marketplaces)
  • Originally only offering coverage in New York, Oscar has since expanded to New Jersey, California and Texas
  • Offers an easy-to-use, comprehensive mobile app where customers can customize their policies, consult with a doctor and schedule appointments with in-network providers

Company: Clover Health

Capital Raised: $425m

Disclosed Investors: AME Cloud Ventures, Arena Ventures, Athyrium Capital, Brainchild Holdings,

Casdin Capital, First Round Capital, Other Investors


  • Data-driven health insurance start-up founded by Vivek Garipalli (founder of CarePoint) that aims to lower costs of health insurance and managed care for elderly / low-income members
  • Uses analytics and custom software to direct clinical staff to proactively fill in gaps in care
  • Acquired Ullico Life Insurance Company from Ullico, Inc. for $8.3 million in April 2016

Company: Bright Health

Capital Raised: $240m

Disclosed Investors: Bessemer Ventures, Cross Creek Advisors, Flare Capital Partners, GE Ventures, Other Investors


  • Online health insurance marketplace delivering a smarter, more connected health care experience based on its exclusive partnerships with health systems, affordable health insurance plans, and simple technology driven user interface

Company: Lemonade

Capital Raised: $180m

Disclosed Investors: Allianz Ventures, Google Ventures, Sequoia Capital Israel, SoftBank, XL Innovate, Other Investors


  • Licensed insurance carrier offering homeowners’ and renters’ insurance powered by artificial intelligence and behavioral economics through a direct-to-consumer online platform
  • Targets urban dwellers promising zero paperwork and instant servicing (policy issuance, claims, communication, etc.)

Source: Willis Towers Watson Securities

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