It was not an entirely Eastern European series, however, Johnson Controls, with obvious interests, participated through its JCI Ventures corporate VC, as well, according to Alcatraz. Silverline Capital invested $4 million and another $1.82 million came from “entrepreneurs and investors.” ![]() The length of each night varies depending on the installment in the series. Its play at inception was connecting startups on the wrong side of what had been known as the Iron Curtain to Silicon Valley’s financial infrastructure.Īnd, according to The Recursive, the series A round also saw the participation of Bulgarian investors. If you run out of power, Freddy Fazbear, the main antagonist, will come and. Its headquarters now is in Northern California.Īmong its previous targets is Russia-based Internet services firm Yandex. today announced that it landed 25 million in a Series A funding round led by Redpoint Ventures. Almaz began in Russia and seems to have wasted little time physically and financially distancing itself ever since. Heartex raises 25M for its AI-focused, open source data labeling platform. VC Almaz Capital led the round with participation from the European Bank for Reconstruction and Development’s VC fund. Sales and marketing departments, based in California, will see more employees, too.Īlcatraz has roots in Eurasia, including its founder, Vince Gaydarzhiev, who emigrated to the United States from Bulgaria when he was 16 years old, according to Endeavor, a Bulgarian startup incubator and Alcatraz investor.Ī pitch deck shared by Business Insider says Alcatraz has a competitive “advantage for years to come with the most complex biometric product ever brought to market.” The company has more than 460 employees, with branch offices in Indonesia, Vietnam and China.Part of the round will pay for as much as a 30 percent increase in headcount in the company’s face recognition production facilities in Sophia, Bulgaria. The company said it has the largest GWP in Indonesia and Southeast Asia. The company has exceeded $70 million in gross written premium (GWP) for the first three quarters of 2021. A massive star will undergo a supernova explosion. However, their life cycles start to differ after the red giant phase. Like low-mass stars, high-mass stars are born in nebulae and evolve and live in the Main Sequence. More than 40 insurance companies, including general and life insurance companies, use Fuse’s platform to offer over 300 insurance products for partners or end customers. On the right of the illustration is the life cycle of a massive star (10 times or more the size of our Sun). “We deeply believe that digital insurance transformation can help more people get protection with insurance, and hopefully, the insurance penetration rate can increase substantially in the coming years in Indonesia as well as Southeast Asia,” said Andy Yeung, CEO of Fuse.įuse claims it currently has more than 60,000 marketers or agent partners using the Fuse Pro mobile app. Fuse plans to tap into the huge and underpenetrated insurance industry in other countries in Southeast Asia, where more than 70% of Southeast Asia’s population is connected to the internet. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors. Southeast Asia’s rapidly growing digitally savvy middle class that is expected to grow to 350 million consumers with $300 billion in disposable income makes the region an attractive market for insurtech companies. The startup also has B2C and B2B2C (micro insurance and financial institute), which provides digital small-ticket size insurance products, distributing insurance products cost-effectively to end customers by partnerships with e-commerce channels like Tokopedia. Ap5:00 AM Image Credit: Getty Images Head over to our on-demand library to view sessions from VB Transform 2023. The Fuse Pro app enables agents and broker partners to maximize choices for their customers. Fuse uses mobile applications to offer an agent-focused service, B2A (Business to Agent/Broker). Launched in 2017, Fuse connects insurance companies with multiple distribution channels and partners to make insurance services accessible and affordable through its technology. This creates a He-4 nucleus through a sequence of chain reactions that begin with the fusion of two protons to form a deuterium nucleus along with an ejected positron and neutrino. Indonesian insurtech startup Fuse gets 25M. In the cores of lower-mass main-sequence stars such as the Sun, the dominant energy production process is the protonproton chain reaction. The fresh capital was led by an undisclosed global fintech fund, with participation from existing investors East Ventures, GGV Capital, eWTP and Emtek. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to more than 70 million. ![]() The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to more than $70 million. Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries, including Thailand and Vietnam in Southeast Asia.
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