Fast-growing insurtech Bolttech is expected to raise more than $100mn through a Series C fundraise led by Dragon Fund, by Liquidity and MUFG, alongside investors Baillie Gifford and Generali, through its private equity arm Lion River.

Centana Growth Partners, a growth equity firm and insurtech investor, has closed its oversubscribed third fund with $600mn from limited partners.

AI-powered underwriting platform Federato has raised $40mn in a Series C funding round led by global private markets investor StepStone Group, with participation from existing Federato investors including Emergence Capital, Caffeinated Capital and Pear VC.

Additional funding for the Pacific Catastrophe Risk Insurance Company (PCRIC) has been announced at the COP29 climate conference.

Boston, Massachusetts-based Herald, a digital infrastructure provider for commercial insurance, has closed a $12mn Series A funding round co-led by Lightspeed Venture Partners and Brewer Lane Ventures.

Commercial auto insurtech Inshur has raised $19mn in its latest funding round led by Viola Growth, bringing its total funding to $78.5mn since 2019.

Tech-enabled wholesaler Arqu has raised $10mn in a Series A funding round led by Crosslink Capital and backing from Intact Ventures along with existing investors Lightspeed Venture Partners, and Nationwide Ventures,

New York City-based insurance software developer Roots Automation has secured $22.2mn in a Series B funding round led by Harbert Growth Partners, with additional investments from MissionOG, Liberty Mutual Strategic Ventures, and Vestigo Ventures.

Claims management provider Sedgwick has announced a strategic minority investment from private equity firm Altas Partners in a transaction that implies a total enterprise value of $13.2bn.

E&S-focused insurtech Ledgebrook has completed a $17mn Series B funding round that brings in family offices Duquesne and the Stephens Group as it looks to use funds to accelerate the expansion of its current operations and embark on “new, innovative projects”,

Global insurtech funding reached $1.27bn in the second quarter of 2024, the highest level since the beginning of 2023, according to Gallagher Re.

New York-based middle-market private equity firm Lee Equity Partners has announced the final closing of Lee Equity Partners Fund IV, raising $1.3bn, surpassing its initial target of $1.0bn.

Madison, Wisconsin-based climate risk insurance provider Understory has closed a $15mn Series A funding round, co-led by True Ventures and Prelude Ventures.

New York-based insurtech startup Authentic Insurance has secured $11mn in a Series A funding round led by First Mark Capital, with participation from Slow Ventures, Altai Ventures, MGV, Upper90, and Commerce Ventures.

Commercial auto insurtech MGA Cover Whale has secured a $27.5mn Series A fundraise after reaching operating profitability earlier this year,