Insurance Technology Market Overview and Innovation Quadrant – Q2 2017

The following post highlights how Venture Scanner categorizes the Insurance Technology startup landscape, and presents our Innovation Quadrant showing how those categories compare to one another. The data for this post is through April 2017.

Insurtech Q2 2017 Logo Map

The above sector map organizes the sector into 14 categories and shows a sampling of companies in each category.

Insurtech Innovation Quadrant Q2 2017

Our Innovation Quadrant provides a snapshot of the average funding and average age for the different Insurance Technology categories and how they compare with one another.

  • Heavyweights: These categories are comprised of companies that have reached maturity with significant financing.
  • Established: These categories are comprised of companies that have reached maturity with less financing.
  • Disruptors: These categories are comprised of companies that are less mature with significant financing.
  • Pioneers: These categories are comprised of companies that are less mature with earlier stages of financing.

The definitions of the Insurance Technology categories are as follows

Auto Insurance: Companies that offer car insurance, including car telematics products which detect your mileage and driving behavior to customize your insurance plan

Consumer Insurance Management Platforms: Companies that enable consumers to manage their insurance and claims, including mobile apps that allow users to file claims right at the spot of an accident

Employee Benefits Platforms: Companies that help enterprises build or acquire employee benefits platforms that deliver healthcare and other insurance products to their employees

Enterprise/Commercial Insurance: Companies that offer insurance plans to businesses, including corporations, startups, and freelancers

Health/Travel Insurance: Companies that offer health or travel insurance, either for individuals or for businesses

Insurance Comparison/Marketplace: Companies that serve as a marketplace for consumers to buy insurance of any kind (car to home to health), or compare different insurance providers. These are 3rd party companies that don’t offer insurance plans themselves, but act as a brokerage agent between insurance providers and consumers

Insurance Data/Intelligence: Companies that collect, process, and analyze data analytics and business intelligence for the insurance industry

Insurance Education/Resources: Companies that provide educational material and resources that give information about how insurance works

Insurance Infrastructure/Backend: Companies that help insurance companies with their day-to-day operations, including CRM for agents, communication tools, and claim filing tools

Insurance User Acquisition: Companies that help insurance companies find and manage new leads and then to acquire those leads as clients

Life, Home, Property & Casualty Insurance: Companies that offer life, home, and property insurance, as well as other kinds of insurance such as disability and marriage insurance

P2P Insurance: Companies that offer peer-to-peer insurance, in which a group of policyholders jointly pay for the insurance of an item that they mutually own, share, or rent (such as a car, a house, or media equipment)

Product Insurance: Companies that offer insurance and/or warranties for products that a user purchases, from tech gadgets to diamonds

Reinsurance: Companies that provide insurance products to other insurance companies, helping them hedge their bets and streamline their costs

We are currently tracking 1,220 Insurance Technology companies in 14 categories across 61 countries, with a total of $18 Billion in funding. Click here to learn more about the full Insurance Technology startup market report.

Real Estate Technology Companies Founded by Year – Q2 2017

The following graph shows the founding date distribution in the Real Estate Technology sector. The graphic includes data through March 2017.

Real Estate Technology Companies Founded by Year
Real Estate Technology Companies Founded by Year

The above graph summarizes the number of Real Estate Technology companies founded in a certain year. 2014 ranks at the top with 221 companies founded in that year. 2013 is close behind with 182 companies founded.

We are currently tracking 1440 Real Estate Technology companies in 12 categories across 62 countries, with a total of $35.4 Billion in funding. Click here to learn more about the full Real Estate Technology market report.

3D Printing Technology Funding Trends – Q2 2017

The following graphs highlight recent trends in 3D Printing startup funding activity. The graphics include data through March 2017.

3D Printing Funding by Year Q2 2017

The above graph summarizes the total funding raised by 3D Printing startups for each year. 2015 is the best year with over $350M in funding. 2016 comes in at second with around $275M in funding.

3D Printing Q2 2017 Vintage Year Funding

The above graph summarizes the total amount of funding raised by 3D Printing companies founded in a certain year. Companies founded in 2013 have raised the most funding at just over $350M.

We are currently tracking 377 3D Printing companies in 9 categories across 40 countries, with a total of $1.4 Billion in funding. Click here to learn more about the full 3D Printing report.

Where in the world are Security Technology startups? Q2 2017

The analyses below summarize where Security Technology innovations are occurring. The graphic includes data through February 2017.

Security Tech Q2 2017 Company Count by Country

The above map shows the number of Security Technology companies located in different countries. The United States ranks as the top country with around 440 companies.

Security Tech Q2 2017 VC Funding by Country

The above map shows the amount of total Security Technology startup venture capital funding in different countries. The United States has the most VC funding at around $12B.

We are currently tracking 875 Security Technology companies in 14 categories across 41 countries, with a total of $17B in funding. Click here to learn more about the full Security Technology market report.

Venture Investing in Marketing Technology – Q2 2017

The following graphs highlight venture investing trends into the Marketing Technology (martech) sector. The graphics include data through February 2017.

Marketing Technology Q2 2017 Venture Investing

The above graph compares the total venture funding in each Martech category to the number of companies in the category. The Marketing Platforms category takes the lead in funding, with around $4B. Social Media Marketing has the highest number of startups, at around 250.

Marketing Technology Average Funding by Category Q2 2017

The above analysis summarizes the average company funding in each Martech category. The Social Discovery category leads the sector with around $52M in average funding per company, followed by the Ad Networks and Marketing Platforms categories.

We are currently tracking 1,585 Marketing Technology companies in 15 categories across 57 countries, with a total of $24B in funding. Click here to learn more about the full Marketing Technology market report.

Average and Median Age by Future of TV Category – Q2 2017

The following graph shows average and median age in the Future of TV sector. The graphic includes data through February 2017.

Average and Median Age by Future of TV Category
Average and Median Age by Future of TV Category

The above graph summarizes the average and median age of companies in each Future of TV category. The Video Infrastructure category has the highest average age at around 12 years. Video Infrastructure, Video Management, and Video Licensing categories all have the highest median age at around 10 years.

We are currently tracking 748 Future of TV companies in 11 categories across 39 countries, with a total of $24 Billion in funding. Click here to learn more about the full Future of TV report and database.

Retail Technology Exits by Category and by Year – Q2 2017

The following two graphs show exit activity in the Retail Technology sector. The graphics include data through February 2017.

Exit Activity by Category in Retail Technology
Exit Activity by Category in Retail Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in each Retail Technology category. The In-Store Experience category is leading the sector with 20 acquisitions and 5 IPOs, followed by the Marketing Platforms category with 21 acquisitions.

Exit Activity by Year in Retail Technology
Exit Activity by Year in Retail Technology

The above graph summarizes the number of exits (acquisitions and IPOs) in the Retail Technology sector by year. 2015 leads the sector with 48 acquisitions and 5 IPOs, followed by 2014 with 41 acquisitions and 1 IPO.

We are currently tracking 1580 Retail Technology companies in 22 categories across 56 countries, with a total of $38.6 Billion in funding. Click here to learn more about the full Retail Technology market report.