What’s New at F2 | September 21
Yaffa Abadi
September 30, 2021
Five Sigma raises $12 million Series A
Insurtech startup, Five Sigma, has raised $12 million in a Series A round led by 83North and featuring existing investors F2 Venture Capital and Pipeline Capital. The data-driven, cloud native insurance claims management platform was founded in 2017 and enables insurance firms to handle customers’ claims better and faster.
Oded Barak, co-founder and CEO of Five Sigma states, “[Five Sigma’s] attributes empower our customers with rapid innovation, and enhanced performance operationally and strategically, delivering on the need for a flexible, cloud-native solution that leverages claims data in new, innovative ways.”
Read more on Five Sigma’s round
Avo Raises $45 million Series B led by Insight Partners
Avo, a vertically integrated residential and office delivery platform, has raised $45 million in Series B funding. Starting in Tel Aviv, Avo has expanded into the US serving thousands of residential communities, corporations, hospitals and universities. They will use this new funding for 1000% growth.
“Our belief is that people shouldn’t be surprised by last-minute fees at checkout. If you’ve ever had the experience of building a $15 cart with a delivery service, only to reach the checkout page and find that the amount has doubled due to fees, you can relate. At Avo, you can order as little as a single avocado, and that’s all you’ll pay for,” shared Dekel Valtzer, CEO and Co-Founder of Avo
Explorium Launches “Explorium Starters”
External data platform, Explorium, launches a new offering, “Explorium Starters.” Designed for organizations with limited or non-existent data, Explorium Starters instantly generates a targeted dataset that can be used to kick off machine learning, analytics projects or sales and marketing campaigns- saving endless time and costs.
“It used to be that if you didn’t have a foundation of internal data to begin with, you’d have a really hard time building datasets for customer, competitor or supplier analysis,” said David Menninger, Research Director & SVP at Ventana Research. “Explorium Starters flips that narrative on its head — it gives every company an entry point to begin analysis by building datasets from thousands of external data signals. The new capability extends Explorium’s end-to-end business solutions across external data access, enrichment, analysis and feature engineering.”
Read more on Explorium’s new offering
VOOM Partners with RightSure
VOOM has partnered with RightSure, an independent insurance agency offering insurance in 42 states, to become one of the first agencies in the U.S. to offer pay-as-you-ride motorcycle insurance.
“VOOM’s new offering is nothing short of revolutionary and we are thrilled to bring this smart insurance option to our customers,” says RightSure President, Jeffery Arnold “Pay-per-mile insurance is ideal for those who ride short distances or don’t use their bikes every day,” he adds.
Read more on this new partnership
AcroCharge Recognized as LinkedIn’s Top Israeli Startups
AcroCharge has been chosen as one on LinkedIn top 15 Israeli companies. The list is based on which companies have continued to attract investment, employees, and attention in 2021 based on LinkedIn data across four pillars: employee growth; jobseeker interest; member engagement with the company and its employees; and how well these startups pulled talent from LinkedIn’s flagship LinkedIn Top Companies list.
Find out what other companies made the list
Parametrix Wins the 2021 Business Insurance Innovation Awards
Parametrix, the insurtech startup providing downtime insurance, has been included in the business Insurance winners of the 2021 Innovation Awards.
The Business Insurance Innovation Awards recognize leadership, inventiveness and ingenuity in products and services designed for risk management professionals.
