International startups shrug off US insurtech meltdown

International startups shrug off US insurtech meltdown

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/02/international-startups-shrug-off-us-insurtech-meltdown/

Given the recent run of concerned headlines that insurtech companies have generated, you’d be forgiven for anticipating that the startup category would find itself in dire straits. Not a bit of it.

As The Exchange explored recently, insurtech fundraising was strong in 2021 despite some notable public-market misfires from the sector in the year. After a strong fundraising period, a number of U.S.-based insurtech startups went public in 2020 and 2021. After some initially strong trading, the cohort has since been decimated by valuation declines.