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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

billion as of this year and was declining slightly since 2016, IBIS World reported. Breeze raised $10 million in Series A funding in a round led by Link Ventures that Nabity boasts is the “largest first round of institutional capital ever invested in a Nebraska-based software startup.” market for disability insurance was valued at $19.1

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Fintechs could see $100 billion of liquidity in 2021

TechCrunch

For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index. For the fourth straight year, the publicly traded fintechs massively outperformed the incumbent financial services providers as well as every mainstream stock index.

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Truepill’s latest funding boosts valuation to $1.6B as it works on B2B side of healthcare

TechCrunch

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. The company’s “big focus is continuing the vision of transforming healthcare,” said Sid Viswanathan, president and co-founder of Truepill.

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Digital freight forwarder Forto raises another $50M in round led by Inven Capital

TechCrunch

It’s now raised $103 million since its launch in 2016. Additional investment came from Iris Capital, with strong participation from current investors, including Rider Global, Northzone, Cherry Ventures and the Italian venture fund H14. The round was led by Inven Capital, a growth fund out of the Czech Republic.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. Today, Teampay has hundreds of customers and significant venture capital financing behind it.

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Indonesian fintech startup Ayoconnect raises $13m more in Series B funding

AsiaTechDaily

The Series B extension financing round was anchored by SIG Venture Capital and backed by CE Innovation Capital and PayU, the payments and fintech business of Prosus. Founded in 2016, Ayoconnect is Southeast Asia’s largest Open Finance API platform.

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The Metric that Matters for Startups in 2016

Tomasz Tunguz

In 2016, the question that will immediately follow, “What is your annual growth rate?” Inexpensive equity dollars enable capital-intensive companies to amass the warchest necessary to dethrone incumbents. 2015 is the end of an era, the era of startup growth at any cost. ” will be “What are your unit economics?”