Tech shares dropped for a second day on Tuesday in the face of higher interest rates and a rotation into stocks more linked to the economic comeback. Of the three major indexes, the Nasdaq Composite suffered the worst of the losses and traded down by 2.3%. The move during the session pushed it below its 50-day moving average, a key technical indicator, for the first time since Nov. 3.
The round witnessed leadership from CommerzVentures, accompanied by contributions from Speedinvest and several returning investors.
The company, renowned for its groundbreaking approach to banking technology, has
The Series C round brings Watershed’s valuation to $1.8bn. This significant injection of capital comes courtesy of lead investor Greenoaks, with notable contributions from Kleiner
The investment was spearheaded by Information Venture Partners, a prominent early-stage B2B FinTech investment firm. They were joined by Thomson Reuters Ventures and ManchesterStory, marking
Utilising Insurity’s analytics solutions grants carriers an enhanced level of reliable insights into their portfolios, facilitating heightened segmentation and improved loss ratios.
The flagship offering of
