# Top 25 Embedded Insurance Startups Worldwide by Funding (2026)

> The 25 best-funded embedded insurance startups worldwide, ranked by total funding raised: $335M combined.

Source: https://millionrounds.com/top-lists/embedded-insurance-startups (Millionrounds; every figure on the page links to its filing or article)

- 1 [**OpenFin** Openfin is the venture studio for insurance and insurtech.](https://millionrounds.com/company/openfin) Openfin is the venture studio for insurance and insurtech. *Founded* - United States **$82M** last round May 2023
- 2 [**Zopper** Zopper is a prominent Indian insurtech platform founded in 2011, specializing in embedded insurance distribution through an API-enabled SaaS platform.](https://millionrounds.com/company/zopper) Zopper is a prominent Indian insurtech platform founded in 2011, specializing in embedded insurance distribution through an API-enabled SaaS platform. *Founded* 2011 Noida, India **$45M** last round Nov 2024
- 3 [**Vertical Insure** Vertical Insure is a Minneapolis-based InsurTech company founded in 2020.](https://millionrounds.com/company/vertical-insure) Vertical Insure is a Minneapolis-based InsurTech company founded in 2020. *Founded* 2022 Minneapolis, United States **$30M** last round Aug 2026
- 4 [**Salty.** Salty Dot, Inc.](https://millionrounds.com/company/salty) Salty Dot, Inc. *Founded* 2019 Salt Lake City, United States **$26M** last round Jan 2026
- 5 [**Wrisk** Wrisk is a London-based insurtech company founded in 2016, specializing in embedded insurance technology for the automotive OEM sector.](https://millionrounds.com/company/wrisk) Wrisk is a London-based insurtech company founded in 2016, specializing in embedded insurance technology for the automotive OEM sector. *Founded* 2016 London, United Kingdom **$24M** last round Jul 2025
- 6 [**Hepster** Hepster is an InsurTech company that focuses on the insurance sector.](https://millionrounds.com/company/hepster) Hepster is an InsurTech company that focuses on the insurance sector. *Founded* 2016 Rostock, Germany **$21M** last round Jul 2023
- 7 [**Coverdash** Coverdash is a digital insurtech business insurance agency founded in 2022 and headquartered in New York.](https://millionrounds.com/company/coverdash) Coverdash is a digital insurtech business insurance agency founded in 2022 and headquartered in New York. *Founded* 2022 New York, United States **$14M** last round Feb 2024
- 8 [**UpCover** Upcover is an Australian insurtech company founded in 2019, based in Sydney.](https://millionrounds.com/company/upcover) Upcover is an Australian insurtech company founded in 2019, based in Sydney. *Founded* 2019 Sydney, Australia **$11M** last round Feb 2025
- 9 [**The CareVoice** The CareVoice is a global health insurtech and embedded health orchestrator founded in 2014, with headquarters in Shanghai, China, and additional offices in Hon](https://millionrounds.com/company/the-carevoice) The CareVoice is a global health insurtech and embedded health orchestrator founded in 2014, with headquarters in Shanghai, China, and additional offices in Hon *Founded* 2014 Luxembourg City, Luxembourg **$10M** last round Mar 2024
- 10 [**JustiFi** JustiFi offers Embedded Finance Infrastructure for platforms that enables embedded payments, insurance, lending and more.](https://millionrounds.com/company/justifi) JustiFi offers Embedded Finance Infrastructure for platforms that enables embedded payments, insurance, lending and more. *Founded* 2021 Saint Paul, United States **$10M** last round May 2024
- 11 [**Indeez** Beloy is a modern insurance platform offering embedded insurance solutions for businesses, freelancers, and modern workforces.](https://millionrounds.com/company/indeez) Beloy is a modern insurance platform offering embedded insurance solutions for businesses, freelancers, and modern workforces. *Founded* 2020 Paris, France **$9.2M** last round Jan 2022
- 12 [**Alicia Insurance** Alicia Insurance, based in Rotterdam, Netherlands, is an insurtech scale-up founded in 2019.](https://millionrounds.com/company/alicia-insurance) Alicia Insurance, based in Rotterdam, Netherlands, is an insurtech scale-up founded in 2019. *Founded* 2019 Rotterdam, Netherlands **$7.4M** last round Dec 2022
- 13 [**Penni.io** Penni.io is a Danish insurtech company based in Copenhagen, founded in 2016.](https://millionrounds.com/company/penni-io) Penni.io is a Danish insurtech company based in Copenhagen, founded in 2016. *Founded* 2016 Copenhagen, Denmark **$7.0M** last round Dec 2020
- 14 [**Elma** Elma Electronic is a global leader in embedded computing solutions and electronic enclosures, founded in 1986 in Wetzikon, Switzerland.](https://millionrounds.com/company/elma) Elma Electronic is a global leader in embedded computing solutions and electronic enclosures, founded in 1986 in Wetzikon, Switzerland. *Founded* 2017 Barcelona, Spain **$6.6M** last round Jan 2022
- 15 [**MIC Global** MIC Global is a digital microinsurance company based in New York, specializing in embedded parametric microinsurance aimed at providing income protection for in](https://millionrounds.com/company/mic-global) MIC Global is a digital microinsurance company based in New York, specializing in embedded parametric microinsurance aimed at providing income protection for in *Founded* 2020 New York, United States **$6.0M** last round Jan 2024
- 16 [**bsurance** bsurance is a Vienna-based InsurTech company founded in 2017, specializing in an embedded insurance platform.](https://millionrounds.com/company/bsurance) bsurance is a Vienna-based InsurTech company founded in 2017, specializing in an embedded insurance platform. *Founded* 2018 Vienna, Austria **$4.6M** last round May 2022
- 17 [**Embea** Embea is a Berlin-based insurtech company founded in 2022, specializing in embedded digital life and health insurance.](https://millionrounds.com/company/embea) Embea is a Berlin-based insurtech company founded in 2022, specializing in embedded digital life and health insurance. *Founded* 2022 Berlin, Germany **$4.3M** last round Feb 2024
- 18 [**Omocom** Omocom is a Swedish insurtech company founded in 2017 and based in Stockholm.](https://millionrounds.com/company/omocom) Omocom is a Swedish insurtech company founded in 2017 and based in Stockholm. *Founded* 2017 Stockholm, Sweden **$4.0M** last round May 2020
- 19 [**Loxa** Loxa is a London-based insurtech company founded in 2023, originally named Bolt Cover.](https://millionrounds.com/company/loxa) Loxa is a London-based insurtech company founded in 2023, originally named Bolt Cover. *Founded* 2023 London, United Kingdom **$3.6M** last round Mar 2026
- 20 [**BeSafe Group** BeSafe Group is an insurtech company based in Rome, Italy, founded in 2017.](https://millionrounds.com/company/besafe-group) BeSafe Group is an insurtech company based in Rome, Italy, founded in 2017. *Founded* 2017 Rome, Italy **$3.2M** last round Sept 2023
- 21 [**Frankly Insure** Frankly Insure helps brands and businesses provide protection to their customers.](https://millionrounds.com/company/frankly-insure) Frankly Insure helps brands and businesses provide protection to their customers. *Founded* 2021 Copenhagen, Denmark **$2.0M** last round Jun 2022
- 22 [**Avata** Avata is an MGA-licensed insurance orchestration platform based in the Netherlands, founded in 2021.](https://millionrounds.com/company/avata) Avata is an MGA-licensed insurance orchestration platform based in the Netherlands, founded in 2021. *Founded* 2021 The Hague, United States **$2.0M** last round May 2023
- 23 [**BLUECYBER** Cyber insurance, simplified.](https://millionrounds.com/company/bluecyber) Cyber insurance, simplified. *Founded* - São Paulo, Brazil **$1.5M** last round Mar 2024
- 24 [**Quotall** Quotall is a London-based insurtech company founded in 2010.](https://millionrounds.com/company/quotall) Quotall is a London-based insurtech company founded in 2010. *Founded* 2010 London, United Kingdom **$968K** last round Jan 2023
- 25 [**Embri** Embri is an Insurtech platform providing integrated and embedded insurance solutions to the high-end luxury retail sector.](https://millionrounds.com/company/embri) Embri is an Insurtech platform providing integrated and embedded insurance solutions to the high-end luxury retail sector. *Founded* 2024 London, United Kingdom **$410K** last round Jun 2026

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose own description names this theme, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

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## More lists worldwide

[See all](https://millionrounds.com/top-lists?r=Global)

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