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Flashaid, a pioneering healthcare and insurtech enterprise, has raised $2.5 million in its pre-Series A financing round. The investment was led by Piper Serica Angel Fund and globally renowned venture capital firm SOSV. Early-stage investors z21 Ventures Fund and ZNL Growth Fund participated in this significant funding round. Co-founded by Manoj Gupta and Gunjali, FlashAid offers a comprehensive health solution encompassing proprietary pre-underwritten products, open APIs, and integrated solutions. With an impressive track record, FlashAid boasts partnerships with over 20 platforms, facilitating the distribution of 30,000 health covers in the past year alone. Furthermore, the company has achieved profitability at the EBITDA level. FlashAid boasts an ARR (annual run rate) of $1 million, with projections indicating a substantial growth trajectory to reach $10 million ARR within the next two years. #Startupfunding #venturecapital #Startupcommunity #Startupecosystem #Startupnews

Exciting times ahead! Our CEO and Co-Founder, Gbenle Habeeb ACA, CIFE, joined Umar Munshi, Managing Partner at HASAN.VC, in an insightful session hosted by Adl Advisory! They tackled the real challenges venture capital firms and startups face with SAFE-i Agreements, breaking down alternative solutions for sustainable growth. Missed it? Watch the full video on YouTube to gain practical, actionable insights from these industry leaders. #STECS #VentureCapital #FundingSolutions #SAFEiAgreements

#fundingalert 💼Company: Embea 💰Funding: €4 Million ⚡Round: Seed 👥Investors: astoryaVC., Atlantic Labs, Michael Cassau, Daniel Khachab, Jamie Hale. Embea was founded by Dr. Johannes Becher (Co-founder and CEO), This investment is being made during a difficult time for the #insurtech industry as a whole. According to a fintech Global analysis, overall investment in European InsurTech #startups is expected to drop by 84% by 2023. Embea, which was established in 2022, plans to introduce additional insurance products to its portfolio and develop its pan-European #embedded life insurance platform with the #money raised. Florian Graillot Read more - https://lnkd.in/einnvrWh To share your startup story write us on - contact@startuprise.co.uk #embea #fintech #berlin #germany #funding #eustartup

💼 Venture Capital Watch: Key Updates This Week Despite a quieter week in venture capital, there’s still plenty of movement: 💡 Bokra (Egypt 🇪🇬) launched a $207,000 fund for student entrepreneurs, fostering innovation among Egypt’s future changemakers. 📊 WiASSUR (Ivory Coast 🇨🇮) raised new investment from AXIAN Group to scale its insurtech platform, making insurance more accessible across Africa. As Africa continues to attract global venture interest, it’s clear that patient capital and strategic partnerships are key for growth and scaling internationally. Stay tuned for more updates! 🚀 #vcfunding #africanstartups #innovation

💸🚀 "Led by Solo GP Noa Khamallah, the fund aims to #empower early-stage local #founders solving real problems in these largely untapped regions, accounting only 9% of #global #VC #funding being invested in these lightspeed #economies leaving a #goldrush #opportunity up for grab for anyone willing to widen it’s vision of the world." Don't Quit Ventures (DQV) launches a £7.76M #fund to catch the gigantic #AI wave #opportunity in #EmergingMarkets. https://lnkd.in/eG3nRiNE

HealthTech & life sciences lead way for VC investment so far in 2024💷 Apparently, UK #HealthTech #startups raised $2.3 billion in year to date, including nearly $1 billion in Q3 alone, making it the fastest-growing sector for #VC #funding, This is according to new analysis from HSBC Innovation Banking and Dealroom.co This surprises me as I've noticed quite a significant LACK of money in the market this year, I'd like to see the detailed analysis of where it has gone. Dominick Kennerson - please can you share this, if you have it? https://lnkd.in/eEFKqMPE

Reading this article about the "horror"(1) of the current VC fundraising climate due to the paucity of funds raised in Q1 - especially the below sentence …. "Honestly, it is hard to see how VC firms can argue to their LPs that they really need fresh capital in a market where dealmaking remains slow, exits are few and far between and they are sitting on a massive amount of dry powder." …. spurred the following thoughts: Our fundraising success to date at Emmeline Ventures is extra incredible At Emmeline, we are investing in “uncharted terrain” and thus require fresh capital to invest in those sectors and founders that have been under-funded and over-looked by traditional investing mandates and pattern matching. Once our "uncharted terrain” investment thesis gets noticed for its promising returns (Unrealized MOICs above 2x for our 2021 vintage year fund and other good news that I can't yet share), i predict this massive amount of dry powder will start migrating towards our sectors. I see this as both good and bad news for us. ➕ On the good side, these increased funds will pull our companies beyond Series A, and ultimately to an exit when markets open up - which they have to do. If not, it’s bad not only for venture ➖ On the bad side, once traditional players become aware of our lucrative sectors and formidable founder types, this will increase competition for deals at pre-seed and seed rounds. Bring it on. We’re already seeing traditional players enter the women’s health spaces. And we're seeing players like Midi Health successfully raise massive amounts of capital in record time since they're creating scalable solutions in new categories that customers desperately need and want. Let's go! (1) personally I can think of many other stories in the world that deserve to be termed a "horror." The record level lack of VC funds raised isn't on par. https://lnkd.in/d3TrfEPc #femalefounders #femalefunders #womenshealth #menopause #careeconomy #womeninfinance #venture Show Her The Money Thanks for the nudge La Keisha Landrum Pierre

AI is buoying the VC market, but it's not a cure-all From the surface, #US #VC activity has shown signs of #bottomingout, but it is far too early to claim a #rebound. As long as #inflation and #highrates remain in the economy, VC will continue to be plagued by this prolonged #slowdown. #Fundraising has particularly struggled. Several #brandname funds have #failed to #reach their #targets and raised significantly less than their last fund. #Exitactivity has not picked up meaningfully despite two #unicorn #IPOs this quarter, preventing #LPs from receiving distributions. In fact, the #median DPI in #fundvintages back to 2015 is under 1.0x, so these investors have not #broken even yet. #LPs are rightfully hesitant to add more #capital to #VC in this #highinterestrateenvironment. Consequently, #fundraising is on #track to reach the lowest level since 2019. By #branding themselves with the market's two favorite letters, #AI-focused #startups and #funds have been seemingly #immune to VC's troubles. Investors' fear of missing out on this technology has led to #highvaluations, #dealsizes, and large #AIspecificfunds. The US VC market has likely bottomed out. Also thanks to AI, the market appears to be recovering, with quarterly deal value ascending to an eight-quarter high. However, 26% of Q2's VC deal value comes from just two AI companies: CoreWeave and xAI. So far, #AI is merely a #bandage for #dealmaking, not the cure. VC will not fully recover until we see a meaningful decrease in #interestrates—but it may find some relief for its symptoms in the meantime. https://lnkd.in/ed-h3scf

In just 4 weeks, we've achieved a major milestone by raising over $1M on the equity crowdfunding platform, StartEngine! 🎉 This achievement is significant, especially in today's challenging investment landscape where thinking outside the box is crucial. We made a conscious decision to avoid giving away our company to "bloodthirsty" investors and instead focused on innovative strategies. Winning Gordon Ramsay's Food Stars was a game-changer, bringing massive visibility to Smart Cups. Keeping that secret was tough, but the gamble paid off! If you've been considering investing in Smart Cups, now is the perfect time to join our journey to "change the world." Click the link below to visit our investment page and be part of our mission. https://lnkd.in/g3Zv6Tkx To all fellow entrepreneurs, remember to stay true to your vision, think creatively, and never give up on your dreams! 💪 #DrinktheFuture #JustAddWater #SmartCups

Discover how the venture secondaries market is emerging as a hotbed for innovation, with new entrants raising billions and LPs drawn to novel fund structures. #VentureCapital #SecondaryMarket #Innovation