As Metromile looks to go public, insurtech funding is on the rise
https://techcrunch.com/2020/12/03/as-metromile-looks-to-go-public-insurtech-funding-is-on-the-rise/
Earlier this week, TechCrunch covered the latest venture round for AgentSync, a startup that helps insurance agents comply with rules and regulations. But while the product area might not keep you up tonight, the company’s growth has been incredibly impressive, scaling its annual recurring revenue (ARR) 10x in the last year and 4x since the start of the pandemic.
Little surprise, then, that the company’s latest venture deal was raised just months after its last; investors wanted to get more money into AgentSync rapidly, boosting a larger venture-wide wager on insurtech startups more broadly that we’ve seen throughout 2020.