Weekly Top-tier VCs May 17
1. $200m raised for technology-based life insurance 2. $20m raised to support the opening of virtual kitchens 3. $10m raised for telecare platform, etc.
SEQUOIA CAPITAL
①Ethos / Technology-driven life insurance B2C insurance
$200 million Series D
Highlights: Until now, the life insurance industry in the U.S. market has been slow to move online; Ethos aims to leverage technology to provide truly personalized plans.
②Babel Finance / Hong Kong Crypto Assets Financial Institution B2B Crypto Assets
$40 million Series A
Lends out $2 billion worth of cryptocurrencies to over 500 institutional investors.
Highlights: Traditional investors had been hesitant to invest in crypto assets in the past, but the significant increase in value over the last year has led to a surge in the number of investors participating.
FOUNDERS FUND
①All Day Kitchens / Provides delivery-optimized kitchens and technology B2B food
$20 million Series B
Highlights: As virtual kitchens increased in number due to the pandemic, it became necessary to select expertise and equipment for opening new vertical restaurants that were different from those for the traditional restaurant. All Day Kitchens is attempting to solve that problem.
ANDREESSEN HOROWITZ
①Memora Health / Telecare Platform B2B Healthcare
$10.5 million Series unknown
Highlights: As the importance of home care has increased due to the pandemic, there has been no unified platform for clinicians to deliver telecare. Memora Health is attempting to solve that problem.