Capital markets

Some tech startup clients had to scramble to retrieve money as the bank was closing. Many wonder which financial institution will fill the void. 

Panic withdrawals brought down a bank within two days, and many point to some venture capitalists, who urged companies to pull money out of the bank.

Some venture capitalists raced to assist in setting up temporary cash funds to help affected startups make payroll next week.

The funds were seen as safe havens when word spread that SVB's finances were worsening.

Lenders have focused on front-end cost differences since key secondary market players opened up the option, but what happens when a problem emerges down the road is worth weighing too.

Being immersed in the startup ecosystem can be the answer to staying ahead of the innovation curve.

Most rounds were Series A or earlier.

Digital Insurance spoke with Alex Cook, head of strategic capabilities at New York Life Ventures.

The initiative enables insurtechs based in the U.K. to enter the U.S. insurance market through regimented programs and networking opportunities.

Backers of Chicago-based Buoyant include the Microsoft Climate Innovation Fund, Bank of America Corp., Xcel Energy Inc. and the Office of the Illinois State Treasurer, according to a statement.

Dayforward announced a $25 million Series B funding round.

Insurance core systems company going private for $19 per share.

Digital Insurance spoke with Adam Blumencranz, partner, Distributed Ventures

Managed by Mendoza Ventures, which backs companies with founders from minority and other diverse backgrounds in the financial-technology, artificial-intelligence and cybersecurity industries.

The rate of venture funding to startups run by women continues to decline.

One company gathered $15 million in funding.

TalentBridge23 is a six month program to connect startups to opportunities within the Hartford insurtech community.

The value of new VC deals globally is down 42% in the first 11 months of this year compared to last, to $286 billion, according to research firm Preqin.

Five startups that eclipsed $20 million in funding this month.

Climate-tech venture funding is holding strong , according to the latest figures from clean energy research firm BloombergNEF.