Unicorn Nest news
Corvus Welcomes New Investors With $15M Series C Financing Extension
– Corvus Insurance secured extensions to its recent Series C funding, led by venture capital firms FinTLV and Aquiline Technology Growth (ATG).
– The latest investments will add to Corvus’s three rounds of venture capital previously announced — including its $100M Series C funding — bringing Corvus’s overall funding to $162M.
– Corvus’s broker-focused approach uses AI and machine learning to analyze unique and proprietary sets of data to better predict and prevent loss.
– This novel approach helps policyholders, brokers, underwriters, and reinsurers incorporate data science into the dynamic commercial insurance marketplace.
Unicorn Nest news
Next Insurance Raises $250M in Funding; Valued at $4 Billion
– Next Insurance, a Palo Alto, Calif.-based digital insurtech company transforming small business insurance, raised $250m in funding.
– The round was led by FinTLV Ventures and Battery Ventures with participation from CapitalG, Group 11, Zeev Ventures, Founders Circle and G Squared.
– FinTLV Ventures founder and managing partner Gil Arazi and Battery Ventures general partner Michael Brown will join as board observers.
– The company intends to use the funds to continue to expand operations and its business reach.