Fairmatic emerges from stealth with $42mn Series A funding
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Fairmatic emerges from stealth with $42mn Series A funding

Farhin Lilywala
August 31, 2022
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Fairmatic logo fundraise.jpg

InsurTech Fairmatic has raised $42mn in a Series A funding round amid a poor fundraising backdrop for InsurTechs.

The round was led by Foundation Capital, along with Aquiline Technology Growth.

The company is also backed by angel investors, including Yahoo co-founder Jerry Yang; Israeli-American investor Oren Zeev; Hippo Insurance co-founder Assaf Wand and entrepreneur Bill Tai.

Fairmatic

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Farhin Lilywala
Section Editor, Distribution & Specialty
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