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Distributed Ventures Leads Armadillo’s $3.5 Million Seed Round
Distributed Ventures, a Seed to Series B venture fund, is leading Armadillo’s $3.5 million Seed round. Armadillo is a tech-driven home warranty company whose digital platform provides affordable, subscription-based protection for home appliances and systems when they break down. The investment aligns with Distributed Ventures’ focus on companies transforming the future of risk across Fintech, Insurtech and Digital Health and Benefits.
“Although Armadillo is singularly focused on home warranty initially, the ‘health of the home’ as a theme has expansive application across the entire life cycle of home ownership, including inspection, prevention, maintenance and replacement,” said Adam Blumencranz, Partner, Distributed Ventures. “Armadillo is well positioned to leverage its wedge into the home to capture the broader ‘operating system of the home’ market opportunity.”
Due to the convergence of the work from home trend, and that millennial and Generation Z populations – who, historically, have not been responsible for maintenance while renting – are now increasingly participating in the homeownership market, innovative services related to home maintenance, improvement and repair are in high demand. Home warranty coverage is a compelling entry point into the broader ‘health of the home’ opportunity given its relevance to everyday appliances and its ability to scale.
“Armadillo has re-imagined the entire home warranty product, simplifying the service agreement, broadening distribution and significantly improving the user experience from purchase to claims,” added Michael Peri, Partner, Distributed Ventures. “They are taking an omni-channel approach to distribution, unlocking opportunities incumbents have historically ignored, including partnerships with real estate agents and P&C brokers/carriers.”
“We believe our customers shouldn’t have to worry when stuff breaks in their homes,” said Matan Slagter, CEO, Armadillo. “Our tech-forward platform provides a home warranty subscription product for a new age of homeowners, making it easy, convenient and fast to repair or replace home appliances and systems in their homes.”
Companies In This Post
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Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
Citi Ventures has announced a strategic investment in BVNK, highlighting the shift toward digital asset-based infrastructure.
Happy Money Expands Capabilities of Hive, Its Proprietary Lending Platform Powering Faster Credit Decisions and Partner Growth
Happy Money, a leading consumer finance company dedicated to empowering individuals through responsible lending, today unveiled upgraded capabilities to its proprietary lending platform, Hive, which powers its borrower and funding partner ecosystem. Since enhancing the platform, Happy Money has driven faster credit decisions, reduced borrower friction and increased monthly loan originations more than 400% year to date.
M2 Invests $10M in Falcon Finance to Accelerate Universal Collateralization Infrastructure
Falcon Finance, the next-generation synthetic dollar protocol, today announced a comprehensive $10 million strategic investment from M2 Capital Limited (M2 Capital), the proprietary investment arm of M2 Group (M2), which is a UAE-headquartered conglomerate with a diversified portfolio in digital asset solutions. The partnership marks a major milestone in Falcon’s mission to redefine stability and capital efficiency in decentralized finance.
Meanwhile, Bitcoin Life Insurer, Secures $82M to Meet Soaring Demand for Inflation-Proof Savings
Meanwhileas raised $82 million in new capital to meet growing demand from individuals seeking to protect their families and established financial institutions seeking to offer bitcoin-linked savings
Block Street Raises $11.5 million to Launch Monad-First Unified Liquidity Layer for Tokenized equities
Block Street, a startup building an execution and lending layer for tokenized equities, said it raised $11.5 million in strategic funding to deploy its intent/RFQ-based trading infrastructure on Monad and major EVM networks. The round was led by Hack VC with participation from Generative Venture, DWF Labs, StudioB, and Bridge34, alongside angels from fintech unicorns and operators at Jane Street, Point72 and HRT, according to the company.
Molten Ventures VCT Launches £30 Million Fundraise
In the last 18 months the VCT has reported four exits, including selling breast cancer scanner Endomag to US listed Hologic, fraud detection business Ravelin to Worldpay and retail investment platform Freetrade to IG Group. While the portfolio still contains a handful of legacy holdings, the vast majority of the VCT’s money is now in the high growth tech companies typical of Molten Ventures.
Agio Ratings Closes Funding Round to Expand Risk Management Tools for Digital Assets
Agio Ratings, the premier source of risk insights in digital assets, has closed a $6 million funding round led by AlbionVC, bringing the total raised to over $11M. The round, which also saw participation from Portage Ventures and MS&AD, will enable Agio Ratings to expand its research and engineering teams, broadening the scope of its risk ratings and supporting major banks as they enter the digital asset market.
EXCLUSIVE: “Passion Project” – Brice van de Walle, Mastercard in ‘The Fintech Magazine’
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FreedomPay Drives Global Merchant Innovation
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FIS Brings AI-Powered Advancements to Seamless, Personalized Digital Banking Experiences
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Citi Ventures Invests in BVNK to Power the Next Generation of Financial Infrastructure
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Nearly Two-Thirds of Global Retailers Say Payment Method Flexibility Drives Revenue Growth, ACI Worldwide Survey Finds
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