Alloy Automation Emerges From Stealth with $5M In Seed Funding
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The ecommerce industry s first automation platform will use funds from Bain Capital Ventures and Abstract Ventures to rapidly expand its team and develop new product lines. SAN FRANCISCO (PRWEB) February 02, 2021 Alloy Automation, the ecommerce industry’s first automation platform, emerged from stealth today with $5M in seed funding led by Bain Capital Ventures and Abstract Ventures. Other investors include Y Combinator, BoxGroup, Webflow founder Bryant Chou, Shippo founder Laura Wu, and Attentive founder Brian Long, among others. Alloy Automation’s no-code platform enables ecommerce stores to create automated workflows for logistics, marketing, store operations, and more.
P/C Insurtech Funding Reaches $4.7B Record in 2020 – A Story in Charts
After a slow start in 2020, insurtech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of insurtech funding volume.
According to the latest quarterly insurtech briefing from Willis Towers Watson and CB Insights, the year’s 377 deal count also marked a record level, with the third- and fourth-quarter dollar volumes and deal counts more than making up for depressed levels of funding in the first and second quarters last year.
Insurtechs raised $2.5 billion across 104 deals in the third quarter and $2.1 billion across 103 deals in the fourth quarter. In contrast, the sector saw less than $1 billion of funding in the first quarter.
Global insurtech investment soared to record high in 2020: WTW
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Investments in insurtech ventures reached a new accumulated annual high in 2020 despite the unprecedented challenges faced by the re/insurance industry due to COVID-19 and a relatively slow start to the year, according to Willis Towers Watson.
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Newfront Insurance in San Francisco, Calif., has brought Nichole Parker on as a principal and employee benefits producer. Parker joins Newfront from TSM
/PRNewswire/ Newfront Insurance, a tech-enabled, full-service brokerage based in San Francisco, CA, has brought Nichole Parker on board as a Principal &.