Our monster raise this week comes in the form of Next Insurance and a whopping $250M Series C. Don’t be spooked: this online insurance giant just locked in a $1B valuation with $381M in funding in just three years. The digital insurance leviathan has surfaced.
On the list for this week is a grab bag of Series A all-stars. NY-based Thimble – formerly known as Verifly – managed to pull together a cool $22M funding round. Gradient A.I. is working behind the scenes to make digital insurance explosive – Forté Ventures just dropped in $6M. Barn2Door pulled in $3.4M to further its mission to empower farmers to sell direct. Late to the cookie jar is executive diligence firm Paragon Intel with its $2.4M funding.
This week’s party punchbowl comes replete with a delightful mix of seed rounds. Standouts include the cryptically named Toggle and its aim to supercharge industrial construction methods with its $3M seed. Chugging along is Rho Business Banking with a $4.9M seed to help offer financial power to needy startups. Reno-based BlocWatch continues to gather steam with a solid $5.5M seed – Bitcoin and crypto-woes notwithstanding.