Thailand-based insurtech startup Sunday raises $11 million in extension Series A funding round led by Quona Capital, according to a statement issued by the firm. This second tranche of capital was led by Quona Capital, a fintech venture capital (VC) firm, and joined by Temasek-backed investor, Vertex Ventures. This brings Sunday’s total Series A round to $21 million, after raising…
At a recent fireside chat with undergraduates, Prime Minister Lee Hsien Loong spoke about how he does not think that there is any stigma or shame attached to startup founders who fail. He had good intentions in encouraging aspiring Singaporeans to try new businesses and succeed. I, for one, am eager too to promote this culture of entrepreneurship. The reality,…
In his book The Hard thing About Hard Things, Ben Horowitz, co-founder of venture capital (VC ) firm Andreessen-Horowitz, writes about his experience of raising $20 million venture capital for his two-month-old startup, LoudCloud, along with Marc Andreessen of Netscape fame. Though it was the summer of 1999, just at the precipice of the dot-com bust, the clouds of an…
Mid-tier IT services firm Zensar will acquire US-based insurance-tech company Cynosure for $33 million, to expand its foothold in the fast-growing property and casualty insurance space. Cynosure focusses on providing ‘Guidewire’ platform implementation services to property and casualty (P&C) insurance carriers, and had revenues of about $20 million in 2017. The Guidewire platform is a large insurance platform that allows…
Smart today is undoubtedly the in-thing as far as simplifying things whilst making these more efficient is concerned. With next-gen startups having mushroomed across the world, answers to most of the plaguing issues have been easy to come by. Also, with venture capitalists, and angel investors having gotten very active in a bid to mentor the new age startups to…