The pandemic and resulting economic toll has presented challenging headwinds for startups. In this post we look back on Q2 ending funding trends for insurtech startups to determine the trajectory of innovation in this emerging technology sector.
Below we see that the number of funding events per quarter has been on a downward trend, with 43 deals closing in Q2. This implies that new innovations in the insurtech sector are slowing down as measured by the volume of disruptive companies attracting investments.
That said, below we can see that for the companies that are getting financed, the average funding per deal has been on a general upward trend with an average deal size of $42M in Q2. This implies that the market is bullish on the traction and growth potential of these insurtech startups.