The Inclusive Insurtech Investment Fund announced the successful raising of $12 million aimed at increasing insurance adoption in underserved communities. This blended finance fund plans to invest in insurtech startups by writing pre-seed to Series B checks ranging from $250,000 to approximately $1 million.
The fund will focus its investments on companies working in areas such as climate resilience, health, rural livelihoods, financial inclusion, and small business insurance, according to information provided.
Original Source: https://impactalpha.com/inclusive-insurtech-investment-fund-raises-12-million-to-expand-insurance-adoption-in-underserved-communities/