Startup Rise EU News’ Post

Some startups are great at building innovative & impactful tech. 💓 Some startups are great at raising money. 😬 #insurtech #innovation #vaporware #insurance #vcfunding

A91 Partners on Track to Raise Funds at $700-750mn ·      A91 Partners has sourced out 550m for its second maiden funding which is actually a bigger fund from 2018, when its raised 350m and one of the fastest scaleups among its peers. ·      The company which has backed companies like Digit Insurance, HealthKart, Blue Tokai Coffee, is targeting to raise $700-750 million for its third India-focussed fund, people in the know told ETtech. ·      So far the organization has invested half of its capital from Fund II across 9 firms. ·      “A91 has expressed to its LPs (limited partners, or sponsors in funds) that they are aiming to raise their third fund at $700-750 million. ·      The company will launch and market the fund after a few months,” one of the sources said. ·      Digit Insurance, which figures in its portfolio, is likely to go public this year. #Startup #Venturecapital #funding #capital #maidenfunding A91 Partners FounderLabs https://lnkd.in/gbke6DE7

Madrid-based insurance startup, Tuio, has successfully raised $16.7 million in a combination of equity and debt. In a statement, Tuio’s founders, Josemaría Lucas, CFA , Asis Pardo Martin, and Juan García, said: “Tuio is already very close to profitability.” They added “This allows us to adopt an investment model where we can use part of this advantage to focus on structural investments, further enhancing the service we provide to our clients.” Read the full story here: https://lnkd.in/dXFjCfRD #insurtechinsights #insurtech #insurance #funding

Could the future of once high-value insurtech, wefox hang in the balance? Lead investor Mubadala can't decide whether to refinance or sell their assets to rival The Ardonagh Group New CEO Mark Hartigan and the founders are in a tight spot. Will the June 28 meeting bring clarity? #Insurtech #Wefox #Startups

💼 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

#fundingalert 💼Company: Continuity 💰Funding: €10Million ⚡Round: Series A 👥Investors: 115K , historical investors Elaia and Bpifrance through their Digital Irish Venture Fund, follows an initial capital injection of €5 million in 2021. Continuity is the go-to partner for professional insurers, specializing in data intelligence for P&C in SME and Professional segments. They empower #commercial insurers to make smarter, faster underwriting decisions by leveraging the power of Data and AI. Continuity analyzes each insurance contract and new subscription request to identify risk factors, concerns, and discrepancies, offering the best recommendations based on the insured company’s actual situation. Damien Launoy, Benoît Pastorelli, Clarisse Blandin, Pierre Beauhaire, Benoît Pastorelli, Victor CLEMENT, Yassine Laaboudi, Hugo Marcone, Salomé Jay, Lucie Cadorel Read more - https://lnkd.in/g3xvtbaQ To share your startup story write us on - contact@startuprise.co.uk #Continuity #insurance #discrepancies #news #funding #fundingnews #startup #startupnews #startuprise

#Startups first #raise funds to #scale, but transition to using #profits for operations as they.......? Join our Upcoming Angel Investing Workshop to uncover more such fascinating insights! #VC #Funding #Market #Growth (Link in comments) Pushkar Singh | Vivek Jhorar | Siddharth S. | Hasitha Reddy | Doulos J.

🚨🚨🚨ELVISH BHAI K AAGEY KOI BOL SAKTA HAI KYA??🚨🚨🚨 ..... ..... WELL, KOI BOLE YA NA BOLE, HUM VCs(Venture Capital Firms) KAISE KAAM(WORK) KARTEY HAI USKI BAAT KARENGEY!! 🫡 ⚡ How do VC firms actually work? - If you INVEST in or know about MUTUAL FUNDS, you probably know there are hundreds of schemes offered by both large and small firms - DSP, PPFAS, SBI, AXIS and many more. - To invest, you pick the best ones and put your money in them. Now, each such mutual fund scheme has a FUND MANAGER who puts money on your behalf according to your RISK APPETITE. 🚀 VC FIRMS work similarly. They consist of professionals who RAISE a large sum of INSTITUTIONAL FUNDS from HNIs/ULTRA-HNIs(High Networth Individuals), Insurance firms etc., and INVEST the money on their behalf into STARTUPS. - VC firms promise RETURNS to their INVESTORS in a TIMELINE of 7-10 years. Hence, they themselves need to generate enough returns to give back to their investors. #startups #growthmindset #cofounders #linkedIn LinkedIn Guide to Creating #linkedInsales #ConnectX #entrepreneurship #dataengineer #fundraising #venturecapital

👉 Few days left to apply for the Focal Demo Day, powered by HSBC Innovation Banking! 🚨 Applications for Focal’s W24 demo day are open to startups raising in the next 6 months. It takes 7 minutes to apply on their website: https://lnkd.in/dFGAFrQs, and even those who don’t make it to demo day can get introductions to over 250 leading VC fund partners, including Tilia Impact Ventures. 🌍 Last demo day alone, applicants received over 1600 introductions from investors; it's one of the highest leverage activities you can do for your fundraise. The CEE region had a top 20 representation by the awesome Carmen Kivisild from Elnora AI and Mateusz Gawałkiewicz from Avalio. CEE founders, this is a great way to get your startups on the global stage :) #focal #startup #fundraising #vc #demoday

Is the glass half full or half empty? One can't help but wonder when reading about the biggest funding round in the European InsurTech scene this month. Indeed, Element was reportedly seeking double the amount it ultimately raised. Nevertheless, that's a nice update for a full-stack player, which enjoyed a 150% year on year growth in terms of revenues. Note there was notable diversity in terms of positioning as the second-largest round was secured by a parametric InsurTech, while the third was in the Embedded Insurance space in France. And for sure, these three startups serve as exemplary illustrations of the benefits technology can offer within the insurance industry. Overall, 4 InsurTech startups raised €72m across Europe in April. #insurtech #insurance #venturecapital