In The News

December 17, 2020
Cloud-based platform securely connects vehicles with owners, dealers and developers to unlock the potential of connected cars for safety, convenience and innovation
December 1, 2020
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RapidSOS announces its collaboration with Google in Mexico RapidSOS’s emergency response data platform brings life-saving data, including location and additional emergency data, to first responders Google’s Android Emergency Location Service (ELS) provides faster and more accurate location information to emergency responders and has saved countless lives around the world Mexico City, December 01, 2020 – With COVID-19 putting immense strain on Mexico’s emergency services, RapidSOS and Google announced today a collaboration to deliver life-saving Android ELS 911 caller location data to public safety agencies across the country. Despite the advancement of technology in our lives during the past 50 years, […]
November 3, 2020
October 27, 2020
Backed by IDEO and four corporations, IDEO CoLab Ventures has invested in and helped incubate over 30 blockchain startups to date Today, we’re excited to announce our $21M early-stage crypto fund. The fund is backed by IDEO, Avanta Ventures (the venture capital arm of CSAA Insurance Group), GS Group, Hanwha Asset Management, Fineqia, and other institutional investors, as well as executives from IDEO, Coinbase, Twitter, Fortress, and other major tech companies and financial institutions. To date, IDEO CoLab Ventures has invested in and helped incubate over 30 crypto startups by bringing IDEO’s full range of capabilities — in the areas of product, […]
October 21, 2020
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 […]
September 16, 2020
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 […]
September 3, 2020
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.
August 26, 2020
Discover Financial Services and California-based financial technology startup, Car IQ, are partnering to create a payment platform for machine-initiated payments beginning with automotive fleets. Fleet vehicles connected to the Car IQ platform will be able to pay for services autonomously through the Discover Global Network infrastructure, according to a press release. Car IQ’s touchless machine payment platform turns the vehicle into a payment mechanism enabling it to automatically initiate and complete payments for automotive services such as repairs, tolls, fuel, insurance, parking and more. Once the service is complete, the vehicle generates a payment file for Discover via a virtual […]
August 13, 2020