Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round

Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners.

Existing investors Jerusalem Venture Partners, Vintage Investment Partners and Israel Growth Partners joined the New York firm in the $75 million round that vaulted Earnix to so-called unicorn status. Earnix’s first new funding since 2017 brings total capital raising to more than $100 million.