Venture capital

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.

One company gathered $15 million in funding.

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.

The rising frequency of down rounds -- whereby companies raise equity funding at reduced valuations -- has increased tech firms' appetite for debt, both conventional and convertible.

Findings from Embroker indicate that startup founders are shifting their focus to managing risks surrounding reputation and social responsibility.

With venture funding drying up many young firms' survival is in doubt.

The area promises huge opportunities to gain experience and has the right infrastructure to power long-term growth.

Connective Capital, which debuted this month, has raised $35 million to back technology startups trying to detect, prevent or manage the spread of wildfires.

Pie Insurance Services Inc. raised $315 million in equity funding, even as many early stage investors pull back from financial-technology startups.

The Columbus, Ohio-based VC is bullish on the midwest being the next startup hub.

There were 27 rounds in the month.

Erie Strategic Ventures will primarily focus on early-stage North American-based companies.

Each startup receives $100,000 investment and works with gener8tor, Allianz Life and Securian Financial during the three-month program.

Industry experts weigh in on what to look out for as insurtech enters a new, more mature era.

There were 33 rounds in the month.

Drake Star Partners' Global Insurtech Industry Report 2022: Adoption of new technologies likely increased insurtech M&A.

Global funding to startups fell 23% in the the second quarter from the first, to $108.5 billion, according to a recent report from CB Insights.

Several insurtechs considered or used special purpose acquisition companies, a method of going public, in 2020 and 2021, but the results have been lacking.

There were about 18 funding rounds, including Branch with $147M, Series C.