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Gil Arazi

FinTLV took part in the Series C funding round at Wefox

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By on Investments

wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding round led by Target Global, resulting in a post-money valuation of US$3 billion. Funding round was led by Target Global with participation from existing investors, including OMERS Ventures, G Squared, Merian, Horizons Ventures, Eurazeo, Mubadala Capital, Salesforce Ventures, Speedinvest, CreditEase, GR Capital and Seedcamp. Israeli venture capital firm FinTLV took part in the round. This round is the largest for an insurtech globally and one of largest series C rounds ever recorded. wefox intends to invest the proceeds in strengthening its presence in existing…

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Gil Arazi

Fintlv Raises 120 Million Dollar Second Fund For Investment In Insurtech And Fintech Companies Worldwide

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By on Investments

The FinTLV venture capital fund has raised its second fund – FinTLV II. The new 120 million dollar fund will be focusing mainly on growth companies around the world in the insurtech and fintech sectors. FinTLV invested some 200 million dollars in the past year. Investors in the fund include Clal Insurance and Finance, Psagot and Hapoalim Capital Markets as anchor investors, Ayalon, Japanese insurance giant MS&AD and additional insurance companies from around the world, including FWD from Hong Kong, LB from Denmark and Reale Mutua from Italy. Additional investors: BDO Israel, Metrix as a technological partner as well as…

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Direct Corona Impact – Significant Growth In Israeli Insurtech Sector

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By on news

There is no doubt that Corona, alongside the huge challenges and the damage to extensive areas of the economy, also resulted in massive development of the technological and digital aspects of the world of insurance. The main gainers from the technological push are the insuretech companies, who develop digital systems for the insurance companies and the agents or those operating in the area of direct insurances vis-à-vis the end customers. In 2020 Israel has strengthened its position as one of the global insuretech capitals, with a number of the world’s leading companies in the sector being Israeli – for example…

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Israeli Insurtech Next Insurance Raised $250 Million in Series D Financing

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By on Investments, P&C

Next Insurance, The Israeli insurtech company transforming small business insurance,  has raised $250 million in Series D financing led by CapitalG, Alphabet’s independent growth fund, with participation from FinTLV, a global leading insurtech VC, and existing investor Munich RE. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors. Next Insurance has now raised $631 million to bring simple, affordable, and tailored insurance products to the American economy’s most important growth engine: small businesses and the self-employed. Next Insurance’s technology-first approach drives down costs by up to 30 percent when compared to traditional policies. Other examples of Next…

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