Venture capital

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.

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.

Digital Insurance spoke with Adam Blumencranz, partner, Distributed Ventures