# Insurtech lead investors (2026 list) > 128 insurtech lead investors, 83% active in the last 12 months. Led by Sequoia Capital, Andreessen Horowitz, Plug and Play. Ranked by what they funded. Source: https://millionrounds.com/lists/insurtech-lead-investors (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Insurtech lead investors Updated 7 November 2026 Firms we have watched lead a round raised by an insurtech company in the last two years. Leading is rarer than taking part, and it is the role a founder most needs filled. [See all 128 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finsurtech-lead-investors)The top 25 **128** investors on the list *+4* this week **2,334** cheques in 12 months *-2%* against the market **$13M** median round they joined *+63%* against the market median **83%** wrote a cheque in 12 months **100%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 2 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) *Deploying now* VC firm · United States **1,661** **$27M** median round **Nov 2026** last seen - 3 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 4 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen - 5 [Index Ventures](https://millionrounds.com/fund/index-ventures) *Deploying now* VC firm · United Kingdom **1,027** **$31M** median round **Nov 2026** last seen - 6 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen - 7 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **658** **$32M** median round **Nov 2026** last seen - 8 [CRV](https://millionrounds.com/fund/crv) *Deploying now* VC firm · United States **588** **$20M** median round **Oct 2026** last seen - 9 [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures) *Deploying now* VC firm · United States **524** **$27M** median round **Nov 2026** last seen - 10 [Madrona Venture Group](https://millionrounds.com/fund/madrona) *Deploying now* VC firm · United States **435** **$14M** median round **Nov 2026** last seen - 11 [Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) *Deploying now* VC firm · United States **381** **$10M** median round **Oct 2026** last seen - 12 [Octopus Ventures](https://millionrounds.com/fund/octopus-ventures) *Deploying now* VC firm · United Kingdom **355** **$10M** median round **Oct 2026** last seen - 13 [Speedinvest](https://millionrounds.com/fund/speedinvest) *Deploying now* VC firm · Austria **345** **$6.7M** median round **Nov 2026** last seen - 14 [K Fund](https://millionrounds.com/fund/kfund) *Deploying now* VC firm · Spain **340** **$3M** median round **Oct 2026** last seen - 15 [ff Venture Capital](https://millionrounds.com/fund/ff-venture-capital) *Deploying now* VC firm · United States **337** **$3.1M** median round **Nov 2026** last seen - 16 [International Finance Corporation](https://millionrounds.com/fund/international-finance-corporation-ifc) *Deploying now* Government · United States **283** **$39M** median round **Oct 2026** last seen - 17 [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) *Deploying now* VC firm · United States **261** **$50M** median round **Nov 2026** last seen - 18 [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) *Deploying now* Family office **240** **$50M** median round **Oct 2026** last seen - 19 [Altos Ventures](https://millionrounds.com/fund/altos-ventures) *Deploying now* VC firm · South Korea **230** **$11M** median round **Sept 2026** last seen - 20 [Gobi Partners](https://millionrounds.com/fund/gobi-partners) *Deploying now* VC firm · Malaysia **212** **$10M** median round **Oct 2026** last seen - 21 [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) *Deploying now* VC firm · United States **205** **$60M** median round **Oct 2026** last seen - 22 [TCV](https://millionrounds.com/fund/tcv) *Deploying now* Private equity · United States **200** **$100M** median round **Oct 2026** last seen - 23 [Wing Venture Capital](https://millionrounds.com/fund/wing-venture-capital) *Deploying now* VC firm · United States **163** **$25M** median round **Oct 2026** last seen - 24 [Kaszek Ventures](https://millionrounds.com/fund/kaszek) *Deploying now* VC firm · Brazil **155** **$20M** median round **Oct 2026** last seen - 25 [Bond](https://millionrounds.com/fund/bond) *Deploying now* Growth equity · United States **154** **$47M** median round **Sept 2026** last seen **103 more on this list** All 128 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finsurtech-lead-investors) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *Led by* [Galaxy](https://millionrounds.com/fund/galaxy) - **5** Nov **[Kalepa](https://millionrounds.com/company/kalepa)** Series B · $75M *Led by* [Updata Partners](https://millionrounds.com/fund/updata-partners) - **5** Nov **[Finpilot](https://millionrounds.com/company/finpilot)** Series A · $10M *With* [Madrona Venture Group](https://millionrounds.com/fund/madrona) - **5** Nov **[Zipline](https://millionrounds.com/company/zipline)** Growth · $1.5B *With* [Valor Equity Partners](https://millionrounds.com/fund/valor-equity-partners) - **5** Nov **[Pliant](https://millionrounds.com/company/pliant)** Series C · $80M *Led by* [Speedinvest](https://millionrounds.com/fund/speedinvest) - **4** Nov **[Biograil](https://millionrounds.com/company/biograil)** Other · $23M *With* [HTGF High-Tech Gründerfonds](https://millionrounds.com/fund/high-tech-grunderfonds-htgf) ## Stages This Year 1,851 rounds - Series A **19%** - Seed **18%** - Venture **13%** - Series B **11%** - Series C **8%** - Other **30%** ## What They Backed Sectors, last 12 months - AI **930** - Fintech **194** - Healthcare **124** - Big Data & Analytics **114** - Financial Services **100** - Cybersecurity **86** ## Cheques by Quarter Led Joined 542 Q1 25 647 Q2 25 671 Q3 25 709 Q4 25 709 Q1 26 599 Q2 26 582 Q3 26 194 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI lead investors 1,723](https://millionrounds.com/lists/ai-lead-investors) - [Lead investors in United States 1,370](https://millionrounds.com/lists/lead-investors-in-united-states) - [Seed lead investors 1,091](https://millionrounds.com/lists/seed-lead-investors) - [Series A lead investors 920](https://millionrounds.com/lists/series-a-lead-investors) - [Fintech lead investors 763](https://millionrounds.com/lists/fintech-lead-investors) - [Series B lead investors 579](https://millionrounds.com/lists/series-b-lead-investors) - [Growth lead investors 555](https://millionrounds.com/lists/growth-lead-investors) - [Robotics lead investors 397](https://millionrounds.com/lists/robotics-lead-investors) - [Pre-seed lead investors 396](https://millionrounds.com/lists/pre-seed-lead-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about insurtech lead investors ### Who are the most active insurtech lead investors? By cheques observed, the most active are Sequoia Capital, Andreessen Horowitz, Plug and Play, General Catalyst and Index Ventures. ### How many insurtech lead investors are there? 128 are on record. 83% made an investment in the last 12 months and 100% have led a round. ### Which stages do insurtech lead investors back? Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (24%). ### How big are the rounds insurtech lead investors join? The typical (median) round among the leading investors here is $27M. ### Which sectors do insurtech lead investors back most? In the last 12 months, mostly AI, Fintech and Healthcare. ### Which insurtech lead investors lead the most rounds? Andreessen Horowitz (114 led), General Catalyst (97 led) and Sequoia Capital (91 led). ### Where are insurtech lead investors based? Among the most active, most are based in the United States (17), the United Kingdom (2) and Austria (1). ### What have insurtech lead investors invested in recently? Recent rounds include Soter Insure (Series B, Nov 2026, with Galaxy), Kalepa (Series B, Nov 2026, with Updata Partners) and Finpilot (Series A, Nov 2026, with Madrona Venture Group). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)