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The funds were mostly later-stage deals to power insurtechs’ geographical expansion: Europe-based wefox raised $650 million, one of the largest Series C rounds on record, and pet insurtech Bought By Many and insurance SaaS provider Shift Technology scored Series D rounds of $350 million and $220 million, respectively. Distribution.

The US car insurance industry is worth about $300 billion—70 times the size of both the renters and the pet insurance markets combined, helping the insurtech further expand its reach beyond renters: Non-renters accounted for one-third of total in force premiums in Q4 2020 compared with one- quarter in Q4 2019, per Lemonade’s financial results.

Pet care, a key component of this category, is also riding a huge wave of pandemic-related demand as pet owners spend more time with furry friends during quarantines and new pet adoption spikes to all-time highs. Key Stat: Health/personal care/beauty will move up one spot to be the No. 4 ecommerce category, rising 32.4% to $72.10 billion.

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Most of these eight retailers have one thing in common: They capitalized on pandemic-induced spending on home improvement, online grocery, and pet care while offering consumers convenient fulfillment options, great prices, or both. Three of the top 15 retailers will post ecommerce sales growth of at least 25.0%, with Amazon coming in just under, at 24.9%.