Since the start of 2015, the small- and medium-sized business insurance market has seen a plethora of tech activity by both large insurers and tech upstarts. Specifically, four different US startups offering tech-enabled distribution of small business insurance have raised over $60M across five deals since October 2015. Among the deals’ backers were VCs and growth equity investors, including Oak HC/FT, Ribbit Capital, and Two Sigma Ventures.