Best Internet First Insurance Platforms Companies in Australia
The 92 best Internet First Insurance Platforms companies in Australia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Honey Insurance.
Ranking the strongest Internet First Insurance Platforms companies in Australia by disclosed equity funding and recent momentum, this directory tracks 92 operators with $316M in total capital raised. No unicorns yet. But the numbers underneath that headline tell a more interesting story.
Honey Insurance leads the funding table at $120M, followed by BizCover at $89M and health.com.au at $36M. Those three alone account for the bulk of the $316M pool, which means you're looking at a sector where capital is concentrating fast at the top while most players operate lean. The global market sat at roughly $102.2B in 2020 and is forecast to reach $186.4B by 2027 at a 9.0% CAGR, so Australian platforms are building into genuine tailwinds. App-level traction confirms it: median install growth across internet and insurance apps is running at roughly +14% YoY across 4,132 tracked apps. And as shown in 2022 research, digital distribution models are reshaping how consumers engage with insurance products at every touchpoint. Security concerns remain the structural friction worth watching, especially as cloud-native platforms scale. I'd weight that risk seriously before reading funding momentum as the whole picture.
- ResearchAndMarkets.com
Ranked: Best Internet First Insurance Platforms companies in Australia
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Honey Insurance Online property insurance platform for homeowners, renters and landlords 29Tech top 29%Moat top 29%Funding top 40%Talent bottom 49% All 10 signals ▾Techtop 29% Moattop 29% Fundingtop 40% Talentbottom 49% Productbottom 48% Marketbottom 39% Globalbottom 36% Growthbottom 32% Newsbottom 27% Customersbottom 22% Tech: 48 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Editorial + unicorn rating 7/10 · 1 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 29/100 | $120M | 26 mo ago | Series A | Richard Joffe Founder & CEO | 2016 | SentryApple iCloud MailFroala Editor+30 | — |
| 2 | BizCover Quote comparison platform for business insurance | $89M | 76 mo ago | Series C | Bradley Miller Co-Founder | 2008 | WordPressMySQLPHP+43 | 1 job opening · 2 partnerships · 1 expansion |
| 3 | health.com.au Internet-first health insurance provider | $36M | 180 mo ago | Acquired | — | 2011 | — | — |
| 4 | iSelect Financial products aggregator | $30M | 183 mo ago | Public | — | 1999 | WordPress Block EditorWordPressGetFeedback+38 | 5 job openings |
| 5 | Huddle Online insurance platform offering quotes, online policy management, and claims processing | $28M | 70 mo ago | Series A | Jason Wilby Co-Founder | 2016 | WebflowBootstrapAmazon Web Services+20 | — |
| 6 | Precision Autonomy Drone inspection solutions for insurers | $4M | 74 mo ago | Series A | Mark Halverson Co-Founder & CEO | 2015 | TypeScriptZone.jsAngular+12 | — |
| 7 | Upcover Online comparison platform for business insurance 37Tech top 28%Talent top 38%Moat top 48%Funding top 49% All 10 signals ▾Techtop 28% Talenttop 38% Moattop 48% Fundingtop 49% Innovationbottom 46% Productbottom 45% Growthbottom 40% Marketbottom 36% Globalbottom 29% Newsbottom 21% Tech: 48 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $3M | 16 mo ago | Series A | Skye Theodorou Co-Founder & CEO | 2019 | Node.jsFirebaseJSS+36 | — |
| 8 | Hillridge Provider of AI-based crop insurance platform for farmers | $2M | 45 mo ago | Seed | Dale Schilling Co-Founder & CEO | 2018 | — | — |
| 9 | Mozo Comparison platform for financial products with crowd soured data serving as reference | $1M | — | Acquired | — | 2008 | SentryRubyRuby on Rails+27 | — |
| 10 | Butter Insurance SaaS-based insurance platform offering diversified insurance products | $1M | 28 mo ago | Seed | Steph Skevington Co-Founder | 2021 | WebflowAmazon Web ServicesGSAP+24 | — |
| 11 | KOBA Insurance Online platform offering usage-based auto insurance | $1M | 46 mo ago | Seed | Andrew Wong Founder | 2020 | — | — |
| 12 | smile.com.au Provider of dental health insurance coverage solutions for consumers | $791K | — | Early Stage | Dion Kramer Founder & CEO | 2005 | Google MapstoastrTikTok Pixel+22 | — |
| 13 | ExtrasJar Provider of healthcare card to pay for their healthcare extras for users | $600K | 45 mo ago | Seed | John Connor Co-Founder | 2019 | — | — |
Top 12 Internet First Insurance Platforms companies in Australia
#1
Series A · Sydney, New South Wales · founded 2019$2.8Mraised▾
Online comparison platform for business insurance. It offers solutions for products liability insurance, professional indemnity insurance, property damage, and more. It offers solutions for small businesses, startups & freelancers, online businesses & associations, and more. It also offers claims assistance solutions.
- Feb 2025Conventional Debt$8M
- Feb 2025Series A$11M
- Jul 2022Conventional Debt$2M
- Jul 2022Seed$2.7M
#2
Series A · Sydney, New South Wales · founded 2016 · 59 employees$119.9Mraised▾
Online property insurance platform for homeowners, renters and landlords. It offers coverage for natural disaster damage, Rebuilding, damage to equipment, theft or vandalism, temporary accommodation, liability & legal protection, and more. It offers protection of contents from unpredictable weather and the impacts of cyclones, floods, storms and bushfires.
- Apr 2024Series A$108M
- Jun 2021Seed$11.9M
#3
Seed · Sydney, New South Wales · founded 2021 · 5 employees$1.3Mraised▾
SaaS-based insurance platform offering diversified insurance products. It enables users to insure their phones, laptop, jewelry, and bike. It also offers an app that allows users to view and manage policies, track claims and update payments under one dashboard.
- Feb 2024Grant (prize money)$260.1K
- Dec 2022Seed$1.3M
#4
Series C · Surry Hills, New South Wales · founded 2008 · 200 employees$88.6Mraised▾
BizCover is an online quote comparison platform for small business. It offers insurance quotes for Professional Indemnity, Public Liability, Management Liability, Cyber Liability from over 9 insurance carriers.
- Feb 2020Series C$88.6M
#5
Series A · Sydney, New South Wales · founded 2016$28.4Mraised▾
Online insurance platform offering quotes, online policy management, and claims processing. It offers online services for buying, managing, and claiming insurance. It provides quotes and support, to make insurance accessible for customers.
- Aug 2020Series A$3.1M
- Nov 2018Series A$19.2M
- Jun 2016Angel$6M
#6
Acquired · Melbourne, Victoria · founded 2011 · 41 employees$36Mraised▾
health.com.au is an internet-first health insurance startup that provides health insurance to individual consumers in Australia. The company allows consumers to file claims online without sending any receipts, verifying the authenticity of the claim afterward.
- 2011Seed$3.6M
- Series A$5M
#7
Public · Cheltenham, Victoria · founded 1999 · 300 employees$30.2Mraised▾
iSelect is an online aggregator of financial products. Offers comparison services for health and life insurance, car insurance, home insurance, travel insurance, credit cards and home loans. Users enter the required details on the platform and an advisor contacts for providing assistance. The advisor helps the users to choose from the multiple products provided by service providers. Also provides the comparison of utility services including electricity, gas, broadband and mobile phone plans.
- Mar 2011PE$30.2M
#8
Seed · Sydney, New South Wales · founded 2018 · 12 employees$1.5Mraised▾
Provider of AI-based crop insurance platform for farmers. It offers protection against losses due to bad weather. It takes weather data, machine learning, and personalization based on farm produce to provide insurance and self-executing contracts based on blockchain. It helps farmers mitigate the financial impact of poor weather on crops or livestock.
- Sep 2022Seed$1.5M
- Dec 2020Seed—
#9
Seed · Docklands, Victoria · founded 2020 · 14 employees$1Mraised▾
Online platform offering usage-based auto insurance. It offers an app-based plugin solution that securely measures km traveled and offers real-time data via the app. It follows the pay-as-you-drive model and charges its users based on the kilometers traveled. Users get cover for incidents such as fire, theft, and third-party damage. The mobile application is available on iOS and Android platforms.
- Jul 2022Seed—
- Sep 2021Seed$1M
#10
Series A · Sydney, New South Wales · founded 2015 · 12 employees$3.5Mraised▾
Precision Autonomy provides cloud-based drone inspection solutions for insurers and brokers. It offers data and monitoring solutions for property, flight, and fleet management. It features algorithmic analysis for insurance pricing and claim processing. Also helps in tracking flight status and reviewing flight details.
- Apr 2020Series A$450K
- Jun 2019Series A$3.1M
#11
Seed · Sydney, New South Wales · founded 2019 · 4 employees$600Kraised▾
Provider of healthcare card to pay for their healthcare extras for users. It enables people to save and use their savings to pay for their healthcare extras. It offers digital cards that give members immediate access to invested funds for health treatments at the point of sale.
- Aug 2022Seed$600K
#12
Acquired · Sydney, New South Wales · founded 2008 · 46 employees$1.4Mraised▾
Mozo.com.au is an online comparison service that lets people help each other through the money markets. The portal combines price comparison tools with the customer ratings system for financial products. Consumers can get the inside story on the best banks and banking products from thousands of real customers, and compare financial providers on everything from rates and fees to customer service. Mozo’s personalized comparison tools help consumers determine the benefit from switching and find the best value products for a situation. Mozo's service is available free of charge to consumers.
- Post IPO$1.4M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Internet First Insurance Platforms coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding flat · growth flat
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.