Insurer’s VC Arm Sees Synergy with the Rapidly Growing Fintech SAN FRANCISCO, Oct. 21, 2020 (GLOBE NEWSWIRE) — LoanSnap, the company that helps consumers own their financial future and creator of the world’s first smart loan technology, announced today it has raised an additional $5 million strategic investment led by Avanta Ventures, the venture capital arm of CSAA Insurance Group, a AAA insurer, rounding out the total Series A extension investment to $15 million. LoanSnap’s mission to improve the finances of every consumer is a vision shared by its new investors. Avanta Ventures’ goal is to invest in disruptive technologies […]
Sanjiv Parikh is managing partner for Avanta Ventures, the corporate venturing subsidiary of US-based insurer CSAA Insurance, where he oversees venture capital deals, startup incubation and acceleration initiatives, and corporate development with partner Steve Bernardez. Parikh helped CSAA launch the unit in 2017 and defined its areas of focus on insurance and financial technologies, advanced mobility and adjacent fields involving risk management and customer experience. Bernardez was brought on board from an institutional venture capital firm, Onset Ventures, in March 2019 to help Avanta Ventures identify opportunities in verticals including mobility and insurtech, applying artificial intelligence (AI), the internet of […]
PLEASANTON, Calif. – September 3, 2020 – Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), today announced its cyber insurance program, Cowbell Prime, is now admitted in 18 states, including Texas as well as Ohio, Indiana and Michigan which were also opened in the past two weeks. The accelerated roll-out reflects Cowbell’s commitment to close the insurability gap for small businesses by simplifying and expediting the process of delivering cyber insurance.
Buzz Solutions, a StartX accelerator startup, announced yesterday that it raised $1.2M from Blackhorn Ventures with participation from a syndicate comprising Ulu Ventures, Vodia Ventures, and Advisors.fund to help advance the company’s technology.
A recent study out of Harvard found that lack of data leads to millions of false 911 calls for security alarms, with an average response time of over 30 minutes. We are excited to announce that Cove is the first security company to partner with RapidSOS to solve this challenge by directly sharing critical alarm information with 911 during emergencies – transforming home security emergency response. Advancing security response with life-saving data Security systems generate an estimated 62 million emergency calls in the United States annually. 911’s legacy infrastructure means that most 911 centers can only receive information that is verbally […]
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