This morning, Anna Heim and Alex Wilhelm dig into the EU InsurTech market, interviewing European VCs and collating the biggest recent rounds to take water temperatures across the pond:
- Alex Tim, CEO, Root
- Dan Preston, CEO, Metromile
- Luca Bocchio, Partner, Accel
- Florian Grillot, Investor, Astoria.VC
- Stephen Brittain, Director and Founder, Insurtech Gateway
Several European-based insurtech startups entered the unicorn arena this year, such as Bot by Manny, which offers pet insurance; London-based Zego; and Alan, a French startup that raised a $220 million round.
According to Brittain, EU startups in this area are “still in the early stages of innovation,” with only “a fraction of what’s possible” shown in a market that is “as big as banking”. Interestingly, he predicted that AI will play a bigger role in the future as companies deploy it more quickly for fraud detection, better customer experience and processing claims.
“We are fully looking forward to unlocking the next generation of AI-powered business with real-time risk analysis, pricing and claims resolution in the next few years,” he added.
Many thanks for reading Extra Crunch; I hope you have a safe, relaxing weekend.
Senior Editor, ClearTips
- 1 What do these 4 IPOs tell us about the state of the market?
- 2 Toast’s Aman Narang and BVP’s Kent Bennett on How Customer Passion Is Everything
- 3 AI startup investment on pace for record year
- 4 Dear Sophie: What is a Diversity Green Card and How Do I Apply for It?
- 5 How to start a company in 4 days
- 6 Health Clouds poised to play key role in healthcare innovation
- 7 What SOSV’s Climate Tech 100 tells founders about investors in the space
- 8 Fintech endgame: New supercompanies combine the best of software and financials
- 9 After 30 Years, ‘Crossing the Chase’ Is Due for a Refresh
What do these 4 IPOs tell us about the state of the market?
Earlier this week, the exchange assessed Monday.com’s IPO before reading tea leaves about that floatation and three others to reconcile the overall state of the market.
So what do Marketa, Monday.com, Zeta Global and firstdibs debuts tell us? Maybe we’ve been too conservative.
Toast’s Aman Narang and BVP’s Kent Bennett on How Customer Passion Is Everything
On a recent episode of Extra Crunch Live, we talked to Bessemer Venture Partners’ Toast founders Aman Narang and Kent Bennett about how they came together for a deal, what the fundraising makes a difference for both founders and investors, and The biggest lesson they’ve learned so far.
The episode also featured an Extra Crunch live pitch-off, where audience members showed their products to Bennett and Narang and received live feedback.
Xtra Crunch Live is open to everyone every Wednesday at 3 p.m. EDT/noon PDT, but only Xtra Crunch members are able to stream these seasons afterwards and watch past shows on demand in our episode library.
AI startup investment on pace for record year
“The startup investment market today is crowded, expensive, and rapid-fire as venture capitalists work to undo each other in hopes of deploying funds into hot companies before their competitors,” they write. “The AI startup market could be even hotter than the average technology niche.”
But this is not surprising. The exchange was on it.
“In the wake of the Microsoft-Nuance deal, the exchange pointed out that it would be reasonable to anticipate an even more active and competitive market for AI-powered startups,” Alex and Anna note. “Our thesis was that after Redmond dropped about $20 billion for an AI company, there would be a new incentive for investors to invest in upstarts with an AI focus or strong AI component exits, especially large transactions. , is a way of increasing the interest of investors in the respective companies.”
Their hope is being fulfilled: Investors report a fierce market for AI startups.
Dear Sophie: What is a Diversity Green Card and How Do I Apply for It?
I started a tech company about two years ago, and have since dreamed of expanding my company to the United States.
I would love to have a green card. Someone mentioned that I should apply for a diversity green card. Would you please provide me more details about it and how to apply?
– technical in Tanzania
How to start a company in 4 days
Pulley founder and three-time YC alum Yin Wu offers a strategic guide to running a startup in four days. Yes, only four days.
“The logistics of setting up a startup should be simple because, in the long run, complex equity setups and cap tables cost more money in legal fees and administration time,” notes Wu.
Read on for guidance on how to start your own business in less than a week.
Health Clouds poised to play key role in healthcare innovation
Abhinav Shashank, founder and CEO of Innovacar, and Mike Sutton, CTO, wrote in a guest column that the US healthcare industry is in the midst of a massive transformation.
This change, they write, is “driven by a federal mandate, technological innovation and the need to improve clinical outcomes and communication between providers, patients and payers.”
Improving healthcare means we need to process massive amounts of health care data. how do we do it? The cloud, which “plays a vital role in meeting the current needs of healthcare organizations.”
What SOSV’s Climate Tech 100 tells founders about investors in the space
SOSV’s Benjamin Joffe and Meghan Hind round up the “Who is Who” from venture capital firm’s SOSV Climate Tech 100, a list of the best startups addressing climate change that SOSV has supported since its inception.
“What can the founders learn from the list about climate tech investors? In other words, who invested in the Climate Tech 100?” they ask.
Fintech endgame: New supercompanies combine the best of software and financials
Now that we can transact from anywhere, a new, hybrid class of embedded financial services software companies is appealing to consumers — and investors are following the action.
Using data from the Battery Ventures report on the “intersection of software and financial services,” this post examines why it can be so difficult to value these companies and improve their business models and investor appeal. Provides a framework for understanding
After 30 Years, ‘Crossing the Chase’ Is Due for a Refresh
Geoffrey Moore’s “chasm”, a framework for marketing technology products that has been one of the canonical fundamentals for product-marketing for three decades, needs a slight upgrade, writes Flybridge Capital’s Jeff Busgang.
“I am pondering why it is that we venture capitalists and founders keep making the same mistake over and over – a mistake that has become even more apparent in recent years,” he writes.
Bussgang considered the ditch – and proposed a change in the way we think about market size in the modern era.