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Clearcover Raises $200M As Global Insurtech Funding Goes Full Throttle

Summary List PlacementThe US-based auto insurtech's large Series D round is rumored to have pushed its valuation over $1 billion, per its press release. It'll use the funding to double its overall headcount and expand to 25 states by next year, up from 15 today. Clearcover's app allows drivers to buy and manage their auto insurance policies, and it underwrites its own policies in eight states as of October. Clearcover is growing fast thanks to its use of tech to automate insurance processes and remove friction from the customer journey.
Read by 55% of LPs April 14, 2021

Slice Closes $40M Investment Round With Plans To Keep Growing Local Businesses Amid Pandemic

Cross Creek leads Series D round with additional funding from former Twitter CEO and COO, Dick Costolo and Adam Bain of 01 Advisors, GGV Capital, KKR, and Primary Venture Partners. NEW YORK, April 14, 2021-- Slice today announced that former Twitter CEO Dick Costolo and former Twitter COO Adam Bain of 01 Advisors are the latest investors of the rapidly growing innovative tech platform powering the largest network of pizzerias nationwide. This latest investment of $40 million in Series D funding was led by Cross Creek with participation from existing investors, including GGV Capital, KKR, and Primary Ventures.
Read by 32% of LPs April 14, 2021

Benchling Raises $200M Series E To Accelerate Biotech R&d

SAN FRANCISCO, April 14, 2021 /PRNewswire/ -- Benchling, the leading life sciences R&D cloud, has raised $200 million in Series E funding led by Sequoia Capital Global Equities and joined by Altimeter Capital, Byers Capital and Elad Gil. Existing investors participated, including Thrive...
Read by 80% of LPs April 14, 2021

Us Venture Mega-deals Spike In Q1 Fueled By Record Nontraditional Investor Participation

SEATTLE, April 14, 2021 /PRNewswire/ -- Venture capital (VC) dealmaking started strong in the first quarter of 2021 with an uptick in mega-deals and increased participation of nontraditional investors, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on...
Read by 70% of LPs April 13, 2021

Insurtech: Austin's The Zebra, An Insurance Comparison Tool Provider, Secures $150M Via Series D, Achieves Unicorn Status

Insurtech: Austin's The Zebra, an Insurance Comparison Tool Provider, Secures $150M via Series D, Achieves Unicorn Status Crowdfund Insider. : Austin-based The Zebra, a company that provides an insurance comparison solution, has secured $150 million in capital through its Series D round. The Zebra has reportedly achieved Unicorn status (valued at $1 billion or more) following its latest round. The Zebra's latest investment round size and new valuation are a considerable increasse from the $38.5 million Series C that the company raised in February of last year.
Read by 73% of LPs April 13, 2021

Temasek Holdings And Blackrock Form Decarbonization Partners

Singapore's Temasek Holdings and BlackRock, Inc. agreed to establish a partnership called Decarbonization Partners. The partnership will launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050. BlackRock and Temasek intend [...]
Read by 34% of LPs April 12, 2021

Ourcrowd Is Most Active Vc In Record-breaking Israeli Tech Fundraising

Israeli startups had a record-breaking year in 2020 and a record-breaking first quarter of 2021.: Raising $4.9 billion, Israeli startups had a record-breaking year in 2020, according to PitchBook. This was up from $3.9 billion in 2019 and 5 times what it was ten years ago. Previous records have continued to be shattered in the first quarter of 2021, with $2.11 billion raised by Israeli startups by the end of March, up almost 250% from the $870 million raised in the first quarter of 2020 and $1.03 billion raised in Q1 2019.
Read by 38% of LPs April 12, 2021

The Zebra Raises $150M Series D At $1b+ Valuation

AUSTIN, Texas, April 12, 2021 /PRNewswire/ -- The Zebra, the nation's leading insurance comparison site, announces a Series D fundraise totalling $150 million, valuing the company at more than $1 billion. The company's fundraise comes at a time of sustained growth, with investment from...
Read by 71% of LPs April 12, 2021

Austin's Newest Unicorn: The Zebra Raises $150M After Doubling Revenue In 2020 - Techcrunch

The Zebra, an Austin-based company that operates an insurance comparison site, has raised $150 million in a Series D round that propels it into unicorn territory. Both the round size and valuation are a substantial bump from the $38.5 million Series C that Austin-based The Zebra raised in February of 2020. (The company would not [...]
Read by 57% of LPs April 12, 2021

Ngk Spark Plugs Launches $100M Corporate Venture Fund, Will Seek M&a Opportunities - Techcrunch

NGK Spark Plug, one of the world's largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. The fund was launched with Pegasus Tech Ventures, the "venture capital as a service" firm that has also worked with corporations like Sega Sammy Holdings, [...]
Read by 38% of LPs