Breaking News
Insurance Lounge Raises $15M Growth Equity to Fuel Rapid Expansion
Insurance Lounge, has closed on $15M of growth equity financing to accelerate the company’s expansion plans. The financing will support the company’s initiatives for geographic growth, including the opening of new locations, the acquisition of additional agencies and the pursuit of key talent hires. The financing round was completed by a consortium of institutional investors led by Brian Modesitt and Alta Point Capital.
“As a second-generation agency owner, I kept seeing consumers confused and frustrated by the insurance buying experience. I envisioned a new model where buying insurance could be enjoyable, simple and convenient. Insurance Lounge is the culmination of that vision,” stated Michael DeLaGrange, Founder & CEO of Insurance Lounge. “I am excited to work with this new investor group to achieve the goal of Insurance Lounge’s unique consumer-centric approach.”
Brian Modesitt commented “I am enthusiastic to be partnering with Michael and the Insurance Lounge team. Not many agencies have been able to offer a compelling omni-channel experience like Insurance Lounge.” David Young, Managing Partner of Alta Point Capital, noted further, “Insurance Lounge has built a strong foundation and brand in Oregon and we look forward to working with Brian and Michael to support the company’s growth initiatives over the coming years.”
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Tech Credit Fund Deploys R5 Million to AdNotes, Powering the Growth of Black-Owned ISPs and Digital Inclusion
Solcon Capital’s Tech Credit Fund (“TCF”) has successfully concluded a R5 million structured private credit funding transaction with AdNotes, a multiple award-winning, Black-owned South African Internet Service Provider (ISP), supporting the expansion of affordable and reliable internet access to underserved communities across the country. This transaction marks the first deployment of capital by the Tech Credit Fund and establishes a proof-of-concept for funding scalable, community-focused ISPs across South Africa.
European Union (EU) Launches Invest4Libya to Strengthen Public Finance and Drive Digital and Green Investment in Libya
The Ministry of Finance, the Delegation of the European Union to Libya, the Embassy of France in Libya, and Expertise France (www.ExpertiseFrance.fr) officially inaugurated the Invest4Libya project today. An initiative designed to strengthen Libya’s financial governance, improve its investment climate, and boost the performance and inclusiveness of the country’s MSME and entrepreneurship ecosystem.
Identity Fintech Duna Raises €30m in Series A round
Duna, the identity fintech founded by two Stripe alumni, today announced a €30 Million Series A funding round led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated in the round.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
Uniting Europe’s capital markets by consolidating issuance, custody, trading, and settlement of securities into a regulated system built on DLT.
Swedish AI Company Fintower Raises €1.5 Million in Oversubscribed Seed Round
The Gothenburg-based company Fintower recently closed an oversubscribed seed round that attracted both new and existing investors. Among the investors are Chalmers Ventures, Akka, the Stena family through William Olsson, as well as several entrepreneurs and angel investors. Existing investors include Almi, Daniel Jonsson from Inet, and Alexander Hars. In total, €1.5 million was raised.
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Sikoia and HomeNow Partner to Simplify UK Home Ownership
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Ripple Accelerates Institutional Custody Adoption with Security, Compliance, and Staking Capabilities
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Africa Must Rewire US$29.5 Trillion Mineral Endowment Around Industry, Infrastructure and Demand, Africa Finance Corporation Study Says
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Tech Credit Fund Deploys R5 Million to AdNotes, Powering the Growth of Black-Owned ISPs and Digital Inclusion
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