Vaulation : US $ 1.5bn

Vaulation : US $ 1.65bn

Collective Health is an insurtech startup that supports businesses to simplify their employee healthcare programme . It was founded in 2013 by Ali Diab , who found traditional health insurance companies complicated , slow and difficult to navigate . After raising nearly US $ 120mn in its first three funding rounds , the company secured US $ 110mn in a Series D round in 2018 and US $ 210mn in a Series E in 2019 . Last year , it closed a US $ 280mn Series F round that valued it at US $ 1.5bn .

Lemonade is a US insurtech best known for providing low-cost renters ’ and homeowners ’ insurance . It was founded by Daniel Schreiber and Shai Wininger , securing over 14,000 customers within the first six months of launch back in 2016 . Although neither Schreiber nor Wininger had any experience in insurance before Lemonade , it has not stopped them from building a tour de force within insurtech . Lemonade has raised nearly US $ 500mn since its Series A six years ago , and today employs 1,000 people .

72 November 2022