Auto insurance investors pushing telematics and UBI startups

Auto insurance is changing faster than carriers can keep up. Usage-based insurance, embedded coverage, and telematics are replacing traditional pricing models. These 15 investors funded auto insurance startups from 2025 to 2026. Most focus on tech that reduces claims costs or improves underwriting accuracy.

Quick list

Finding investors who get distribution

Experience matters more than you'd think. Look for investors who've backed companies through state-by-state insurance licensing. It takes 18-24 months to get licensed in all 50 states. Most VCs don't understand that timeline. Find funds that have portfolio companies past the 10-state mark.

Network means actual insurance carrier relationships. Ask if they can intro you to reinsurance partners. That's what kills most insurtech startups - running out of capacity. Generic fintech investors won't have these connections. Stage alignment is critical. Seed investors often don't understand the capital requirements for insurance reserves. You'll need $50M+ to scale nationally. Make sure they've backed companies through Series B at minimum. When sending your intro materials, ensure your confidential documents are shared securely.

Track record shows up in loss ratios. Check if their portfolio companies actually have better underwriting performance than incumbents. Most don't. Use Ellty to share your deck with trackable links. You'll see who actually opens your loss ratio projections. Value-add should be specific. "We have insurance experts" means nothing. Ask which former state insurance commissioners or actuaries they have as advisors.

Getting meetings with auto insurance investors

Identify potential investors by checking which funds led recent insurtech rounds. PitchBook shows OMERS and Accel are most active in 2025-2026. Skip generalist VCs who dabbled in one insurtech deal three years ago. They won't understand your combined ratio metrics.

Craft a compelling pitch that leads with loss ratios, not market size. Every investor has seen the "$330B auto insurance market" slide. Show your actual claims data from 1,000+ policies. Telematics investors want to see correlation between driving behavior and accidents. Ellty makes tracking engagement straightforward.

Share your pitch deck through Ellty with unique trackable links for each investor. Monitor which pages they spend time on. If they skip your state licensing roadmap, they probably don't understand regulatory complexity. That's useful information before you waste time on calls.

Utilize your network by reaching out to founders of Clearcover, Root, or Metromile. Most will tell you which investors actually helped with reinsurance negotiations versus which ones just showed up to board meetings. Cold outreach to insurance-focused funds works better than general VCs. Ensure your shared materials follow modern GDPR principles for sensitive data.

Attend networking events like the Insurtech Connect conference or InsureTech NY meetups. Those are where reinsurance partnerships actually form. Skip general startup conferences where you'll meet investors who think car insurance is "boring."

Engage on online platforms by connecting with partners after you've messaged their portfolio founders first. Insurance investors are conservative. Cold LinkedIn messages rarely work without warm intros. Post your claims data analysis on Twitter - several auto insurance investors actively source there.

Organize due diligence materials before first meetings. Set up an Ellty data room with your actuarial models, state licensing progress, and reinsurance agreements. Investors will want to see your reserve calculations. Having this ready speeds up the process by weeks. Prepare polished decks so you’re not repeatedly sending sensitive PDFs afterward.

Set up introductory meetings focused on your underwriting edge. Don't spend 20 minutes explaining how car insurance works. They know. Lead with why your loss ratios beat GEICO by 15%. That's what matters.

Why funding is available now

Auto insurance premiums jumped 25% in 2024-2025. Traditional carriers can't price risk accurately enough. Telematics and real-time data create an opening for startups with better underwriting models. Investors poured $2.3B into auto insurtech in 2025, up from $1.1B in 2024.

Regulatory changes are making embedded insurance easier. Several states approved usage-based insurance regulations in 2025. That unlocked distribution through car manufacturers and rideshare platforms. Investors see this as a rare moment when both technology and regulation align.

15 top auto insurance investors

1. Accel

Accel led multiple auto insurtech rounds and understands the capital intensity of insurance reserves better than most Silicon Valley funds.

• Recent Deals: Clearcover $50M Series C (2025), Root Insurance Series D (2024), Alan Health expansion (2025)
• LinkedIn: Accel Partners
• Sector Focus: insurtech, telematics, usage-based insurance, embedded insurance
• Stage Focus: Series A, Series B, Series C
• Location: Palo Alto, USA
• Website: accel.com

2. Khosla Ventures

Backed Metromile early and continues funding usage-based insurance models that challenge traditional pricing.

• Recent Deals: Driveway $30M Series B (2025), Metromile acquisition by Lemonade (2022), Commonwealth Fusion (2024)
• LinkedIn: Khosla Ventures
• Sector Focus: usage-based insurance, telematics, insurtech, climate tech
• Stage Focus: Seed, Series A, Series B
• Location: Menlo Park, USA
• Website: khoslaventures.com

3. Ribbit Capital

Fintech-focused fund that backed Lemonade's car insurance launch and understands digital distribution better than insurance-focused VCs.

• Recent Deals: Hugo $15M Series A (2025), Lemonade Car (2024), Brex Series D (2025)
• LinkedIn: Ribbit Capital
• Sector Focus: embedded insurance, insurtech, fintech, digital distribution
• Stage Focus: Series A, Series B, Series C
• Location: Palo Alto, USA
• Website: ribbitcap.com

4. RRE Ventures

Early-stage fund with health insurance experience now backing embedded auto insurance platforms that integrate with car purchases.

• Recent Deals: Blink Health Series D (2025), Oscar Health IPO (2021), Cover Genius expansion (2024)
• LinkedIn: RRE Ventures
• Sector Focus: embedded insurance, health insurance, auto insurance, insurtech platforms
• Stage Focus: Seed, Series A, Series B
• Location: New York, USA
• Website: rre.com

5. OMERS Ventures

Canadian pension fund's VC arm that led Zego's large rounds and understands commercial auto insurance economics.

• Recent Deals: Zego $150M Series C (2024), Shopify growth investment (2025), Dialog $100M Series C (2025)
• LinkedIn: OMERS Ventures
• Sector Focus: fleet insurance, commercial auto, telematics, mobility
• Stage Focus: Series B, Series C, growth
• Location: Toronto, Canada
• Website: omersventures.com

6. Lightspeed Venture Partners

Backed Sure's embedded insurance platform and focuses on API-first insurance distribution models.

• Recent Deals: Sure $100M Series C at $400M valuation (2024), Affirm IPO (2021), Carta Series F (2025)
• LinkedIn: Lightspeed Venture Partners
• Sector Focus: embedded insurance, API platforms, insurtech infrastructure
• Stage Focus: Series A, Series B, Series C
• Location: Menlo Park, USA
• Website: lsvp.com

7. Munich Re Ventures

Corporate VC with actual reinsurance capacity, which matters more than most founders realize until they hit policy limits.

• Recent Deals: Cambridge Mobile Telematics Series D (2024), Hippo Insurance growth round (2024), Next Insurance Series E (2025)
• LinkedIn: Munich Re Ventures
• Sector Focus: telematics, reinsurance tech, claims automation, risk assessment
• Stage Focus: Series B, Series C, growth
• Location: Munich, Germany
• Website: munichre.com/ventures

8. Anthemis Group

Fintech and insurtech specialist that backed Next Insurance's auto product expansion for small business fleets.

• Recent Deals: Next Insurance $250M Series E (2025), Betterment Series F (2024), Tilt growth investment (2024)
• LinkedIn: Anthemis Group
• Sector Focus: small business insurance, embedded insurance, insurtech, fintech
• Stage Focus: Series A, Series B, Series C
• Location: London, UK
• Website: anthemis.com

9. Foundation Capital

Led Clearcover to unicorn status and has deep relationships with traditional carriers looking to acquire insurtech companies.

• Recent Deals: Clearcover Series D (2024), Sunbit Series E (2025), Zipline Series D (2024)
• LinkedIn: Foundation Capital
• Sector Focus: direct-to-consumer insurance, usage-based insurance, claims automation
• Stage Focus: Series B, Series C, Series D
• Location: Menlo Park, USA
• Website: foundationcapital.com

10. Route 66 Ventures

Mobility-focused fund backing autonomous vehicle insurance solutions and understanding the shift from personal to fleet coverage.

• Recent Deals: Arity growth investment (2024), Motional partnership (2024), autonomous vehicle insurance platform (2025)
• LinkedIn: Route 66 Ventures
• Sector Focus: autonomous vehicle insurance, mobility, fleet insurance, telematics
• Stage Focus: Seed, Series A, Series B
• Location: Tulsa, USA
• Website: route66ventures.com

11. MS&AD Ventures

Japanese insurance conglomerate's VC arm investing in North American telematics startups for cross-border technology transfer.

• Recent Deals: Arity strategic investment (2024), IoT insurance platform (2025), telematics data provider (2024)
• LinkedIn: MS&AD Ventures
• Sector Focus: telematics, IoT insurance, connected car, data analytics
• Stage Focus: Series A, Series B, strategic
• Location: Tokyo, Japan
• Website: ms-ad-hd.com

12. Digital Garage

Backed Carpe Data's fraud detection platform, which reduces loss ratios by catching application fraud before policies are issued.

• Recent Deals: Carpe Data Series C (2024), Kakaku.com investment (2024), insurtech data platform (2025)
• LinkedIn: Digital Garage
• Sector Focus: fraud detection, underwriting data, alternative data, insurtech infrastructure
• Stage Focus: Series B, Series C, growth
• Location: Tokyo, Japan
• Website: garage.co.jp

13. TransLink Capital

Cross-border fund investing in Asian-US auto insurance tech and understanding regulatory differences between markets.

• Recent Deals: ZhongAn Insurance partnership (2024), cross-border insurtech platform (2025), telematics startup (2024)
• LinkedIn: TransLink Capital
• Sector Focus: cross-border insurance, telematics, Chinese market, digital insurance
• Stage Focus: Series A, Series B, Series C
• Location: Palo Alto, USA
• Website: translinkcapital.com

14. IA Capital Group

Insurance-focused PE firm with growth investments in profitable insurtech platforms past the venture stage.

• Recent Deals: Bold Penguin growth equity (2024), insurance distribution platform (2025), agency management system (2024)
• LinkedIn: IA Capital Group
• Sector Focus: insurance distribution, agency tech, mature insurtech, profitable platforms
• Stage Focus: growth equity, late stage
• Location: New York, USA
• Website: iacapitalgroup.com

15. SixThirty

Insurtech accelerator and fund with portfolio companies focused on specific insurance problems rather than full-stack carriers.

• Recent Deals: Accelerator batch 2025 (multiple companies), Corvus Insurance follow-on (2024), claims automation startup (2025)
• LinkedIn: SixThirty
• Sector Focus: claims automation, underwriting tools, distribution tech, insurance infrastructure
• Stage Focus: pre-seed, seed, Series A
• Location: St. Louis, USA
• Website: sixthirty.co

Track which investors open your deck

These 15 auto insurance investors closed deals from 2025 to 2026. Before you start reaching out, set up proper tracking. Most founders send the same deck to 20 investors and have no idea who's actually interested.

Upload your deck to Ellty and create a unique link for each investor. You'll see exactly which slides they view and how long they spend on your loss ratios. Most founders are surprised when investors skip market size slides but spend 10 minutes on actuarial assumptions. That tells you what questions are coming.

When investors ask for reinsurance agreements or state licensing documentation, share an Ellty data room instead of messy email threads. Your actuarial models, cap table, and carrier partnerships in one place with view analytics. You'll know if they're serious based on whether they actually review your reserve calculations.

Common questions

How do I know if an investor understands insurance economics?

Ask if they can explain combined ratios and loss adjustment expenses. Most can't. Check if their portfolio companies are still operating or went bankrupt trying to scale too fast without enough reserves.

Should I pitch insurance-focused VCs or general fintech funds?

Insurance-focused investors understand state licensing and reinsurance partnerships. Fintech VCs move faster but often don't grasp the capital requirements. You'll probably need both - insurance VCs for early rounds and larger funds for growth capital.

What's the difference between seed and Series B auto insurance investors?

Seed investors fund proof-of-concept with 500-1,000 policies. Series B investors expect you to be licensed in 10+ states with $50M+ in written premiums. The capital requirements jump significantly because you need reserves for all those policies.

How many auto insurance investors should I talk to?

Narrow it down to 8-10 who've actually backed auto insurtech in the past two years. Going wide with 50 investors wastes time. Focus on funds that led rounds in Root, Clearcover, or Metromile. They understand the model.

When should I set up a data room?

Before your first investor meeting. Auto insurance due diligence takes longer than typical SaaS because investors need to review actuarial models, state licenses, and reinsurance agreements. Having this ready speeds up the process by 4-6 weeks.

Do investors actually care about pitch deck analytics?

Yes, especially for knowing which financial metrics they care about. If an investor spends 5 minutes on your claims data but skips your team slide, that tells you to lead with underwriting performance in the meeting. Use that information.