Two insurtechs raise funds to strengthen their position in Canada

In less than a week, two Canada-based insurance technology companies announced they had raised funds.

HelloSafe announced on September 20 that it had raised $4.2 million. With this money, the company wants to “strengthen its teams, continue to improve the user experience offered on its platforms and expand to new products in Canada”.

partner of Hard bacon in particular, the international company offers solutions for comparing insurance, investment, savings and credit products for private individuals and companies. It states that it has “more than 100 comparators in total” and welcomes “more than a million visitors to its platform every month”.

This fundraiser was led by the investment platform OneRagtime and the mutual fund Kima Ventures.

A fundraiser on the damage side

On his side, ProNavigator announced on September 14 that it had raised $10 million. These funds will allow him to “accelerate sales in the United States and Canada, product development and expand his team.”

ProNavigator’s platform combines a natural language understanding engine with a conversational interface that allows users to ask questions and find information about a library of digital resources. International hub, NFP, TD Insurance or Wawanesa are customers of the company.

This round of financing was led by Graphite Ventures and Luge Capitalwith the participation of EDC, Tacticaland CIBC Innovation Financial Services. Insurtech had previously raised $5.6 million in September 2020.

Jillian Snider

Extreme problem solver. Professional web practitioner. Devoted pop culture enthusiast. Evil tv fan.

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