In a remarkable funding milestone, Danish InsurTech startup Leaf has secured €1.7 million to revolutionize insurance and pension solutions for SMEs, backed by Caesar Ventures and EIFO. Meanwhile, risk intelligence leader Supply Wisdom has raised $14 million and welcomed Jenna Wells as its new CEO, marking a new era of growth and innovation. Grifin, the investing app that lets users invest where they shop, has landed $11 million in Series A funding to further democratize investing. Additionally, UK-based Icon Solutions has received an undisclosed equity investment from UBS, Citi, and NatWest, reinforcing its mission to transform payment solutions for banks. Read more
Leaf Raises €1.7 million in first funding round
Leaf, based in Denmark, has raised €1.7 million in a first funding round funding round. Key investors include Caesar Ventures, EIFO. Read more.
Leaf is a Copenhagen-based InsurTech startup that focuses on automating insurance and pension advisory and broker services for businesses. The company has successfully raised €1.7 million in its first funding round, which will be used to further develop and scale their platform specifically designed for small and medium-sized enterprises (SMEs). This funding round was led by the German investor Caesar Ventures, known for its expertise in the insurance sector, with additional support from EIFO. Leaf aims to address the inefficiencies in the current insurance and pension solutions available to Danish companies, offering a more streamlined and automated approach.
The investment will enable Leaf to enhance its technological capabilities and expand its reach within the Danish market. By leveraging automation, Leaf seeks to simplify the complex processes associated with insurance and pension management, making it easier for businesses to navigate these essential services. The involvement of Caesar Ventures not only brings financial support but also valuable industry insights that can help Leaf refine its offerings and better meet the needs of its target audience. With this new capital, Leaf is poised to make significant strides in transforming how Danish companies manage their insurance and pension needs.
Supply Wisdom Raises $14 million in N/A
Supply Wisdom has raised $14 million in a funding round. Read more.
Supply Wisdom, a leader in risk intelligence, has successfully secured $14 million in new funding. This significant financial boost comes as the company continues to expand its footprint in the fintech industry. Known for its innovative solutions, Supply Wisdom made a notable appearance at FinovateFall 2022 in New York, showcasing its cutting-edge technologies. The company is poised to leverage this new capital to enhance its offerings and further solidify its position in the market.
In addition to the funding news, Supply Wisdom has announced a leadership change with Jenna Wells stepping into the role of CEO. Wells, who previously served as the Chief Operating Officer, brings a wealth of experience and a fresh perspective to the company’s strategic direction. Her appointment is expected to drive the company’s growth and innovation strategies forward. This leadership transition marks a new chapter for Supply Wisdom as it continues to address the evolving needs of its clients with robust risk intelligence solutions.
Grifin Raises $11 million in Series A
Grifin, has raised $11 million in a Series A funding round. Key investors include Nava Ventures, TTV, Draper Associates, Gaingels, Nevcaut Ventures, Alloy Labs. Read more.
Grifin, an approachable investing app, has successfully raised $11 million in a Series A funding round. This latest investment brings the company’s total funding to $20 million. The round was led by Nava Ventures, with significant contributions from TTV, Draper Associates, Gaingels, Nevcaut Ventures, and Alloy Labs. Grifin’s innovative approach allows users to invest in the companies where they shop, making investing more accessible and relatable to everyday consumers. The new funds are expected to enhance the app’s capabilities, expand its user base, and further develop its unique platform.
With the fresh capital, Grifin aims to revolutionize the way people think about investing by integrating it into their daily shopping habits. The app’s user-friendly interface and strategic partnerships with various investors highlight its potential to disrupt the traditional investing landscape. Grifin’s mission is to make investing less intimidating and more aligned with consumers’ lifestyles, encouraging more people to engage with their financial futures. This new funding round marks a significant milestone in Grifin’s journey to democratize investing and empower users to take control of their financial destinies.
Icon Solutions Raises undisclosed in equity investment
Icon Solutions, based in UK, has raised an undisclosed equity investment funding round. Key investors include UBS, Citi, NatWest. Read more.
Icon Solutions, a UK-based paytech company, has secured a new equity investment led by the Swiss bank UBS. This strategic investment also saw participation from existing investors Citi and NatWest, further strengthening Icon Solutions’ financial backing. The specific amount of the investment was not disclosed, reflecting a common practice in the industry to maintain confidentiality in financial dealings. Icon Solutions specializes in empowering banks to lead their own payments transformation, a mission that has been reinforced by this latest round of funding.
The investment from UBS and the continued support from Citi and NatWest highlight the confidence these major financial institutions have in Icon Solutions’ vision and capabilities. Icon Solutions is known for its innovative approach to payment solutions, providing banks with the tools and technologies needed to navigate the rapidly evolving financial landscape. This new funding will likely enable Icon Solutions to expand its offerings and enhance its ability to support banks in their digital transformation journeys, solidifying its position as a leader in the fintech space.
