Murchinson Takes Action to Replace Board of Directors of Nano Dimension at Upcoming Annual General Meeting
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Murchinson Takes Action to Replace Board of Directors of Nano Dimension at Upcoming Annual General Meeting
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Israeli Insurtech Earnix Reaches $1 Billion Valuation After Financing Round By Ivan Levingston | February 22, 2021
Israeli startup Earnix Ltd., which uses advanced analytics to help insurers and banks offer personalized financial products, reached a $1 billion valuation in a financing round led by Insight Partners.
Existing investors Jerusalem Venture Partners, Vintage Investment Partners and Israel Growth Partners joined the New York firm in the $75 million round that vaulted Earnix to so-called unicorn status. Earnix’s first new funding since 2017 brings total capital raising to more than $100 million.
“The company is growing to a point where this was a pre-IPO round,” said Erel Margalit, the founder of Jerusalem Venture Partners who is set to become Earnix chairman. “This is an industry that’s been waiting for the disruption. Its been waiting for a platform that is both AI and very dynamic.”