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Eargo raises $52M for virtually invisible, rechargeable hearing aids

Eargo wants to become the ultimate consumer hearing brand. The company’s small and virtually invisible direct-to-consumer hearing aids, which come in an AirPods-style chargeable case, are designed to help destigmatize hearing loss. One month after revealing its newest product — the Eargo Neo ($2,550), which can be customized remotely via the case’s Bluetooth connectivity — the startup has closed a $52 million Series D, bringing its total raised to date to The latest round of capital comes from new investor Future Fund (Australia’s sovereign wealth fund) and existing investors NEA,…

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Waggel launches fully digital pet insurance

Waggel, a new “insurtech” startup in the U.K., is officially launching today to offer what it describes as “fully digital” pet insurance. Founded by Andrew Leal and Ross Fretten (a contestant of The Apprentice 2017), the company wants to offer more transparent coverage for your pet, where you’ll know exactly how much you’re paying and for what provision, as well as offer rewards for improving the care of your animal. “The biggest problem in pet insurance and insurance in general is the lack of value that customers get with a…

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Startups want to change what you insure and how you insure it

Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn In an insurers ideal world, thered be a profitable policy for every conceivable risk. Click once, and youre covered. In the real world, however, insurance coverage hasnt kept up with the social and economic changes of recent years. Sharing economies have gained scale. Jobs have gonefrom full-time to gig-based. And the vast millennial generation has entered adulthood intent on completing any complex transaction…

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VCs love insurance, even if you dont

Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn Most people hate shopping for insurance, and they dont enjoy talking about it either. Thats probably why youre unlikely to hear about the industrys current transformation in conversation, even in startup circles. But make no mistake, there are vast sums of venture dollars going into insurance deals. Investment has risen dramatically, with VCs betting that, in the coming years, well see major shifts…

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Health insurance startup Alan adds life insurance

French startup Alan launched a brand new full-stack health insurance last year. This week, the company is launching corporate-owned life insurance so that it can become a one-stop shop for all your corporate insurance needs. When Alan launched its health insurance product, it was the first new one in France in decades. The life insurance market has remained stagnant for years as well. This time, Alan didnt get its own license to launch a life insurance. Instead, the company is relying on its main investors license, CNP Assurances. But clients…

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Cover raises $8 million to insure your belongings

Applying for homeowners insurance should be as easy as waving your phone camera around your room. Thats the premise behind Cover, an app that recommends insurance based on whats photographed in your home. Whether its electronics, jewelry or even your pet, Cover will cover just about anything. Cover is licensed to sell insurance and they work with Progressive, Allstate, Nationwide and other major providers to tailor a plan for the customer, taking about a 10 to 15 percent commission for referring the business. Now theyve raised an $8 million Series…

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