- Prime funding alternatives
- Startup of the Week: YuLife, Gamified insurance coverage
- “Israel as a startup world energy”
- Byrider picks Lightico for digital mortgage processing, slashes turnaround time
- Watch: OurCrowd FoodTech fund occasion
- Gen Z sports activities neighborhood Time beyond regulation raises $100M
- Pizza Hut faucets Client Physics machine for Dairy Farmers partnership
- Ossio launches its distinctive orthopedic sutures in US
- BBC: SeeTrue will help us via the “Summer season of Misplaced Baggage”
- Introductions
- Greater than 4,200 high-tech jobs
Startup of the Week:
YuLife: Gamified insurance coverage
Our UK-based portfolio firm YuLife is bringing a breath of contemporary air to the insurance coverage business. As an alternative of specializing in claims compensation, the corporate’s enterprise mannequin is centered on danger prevention and incentivizing coverage holders to remain wholesome. YuLife sells insurance coverage whereas offering organizations with the instruments and information to drive more healthy residing amongst their staff. Via the YuLife app, staff get real-world rewards for partaking in easy, wholesome habits that cut back the chance of main continual bodily and psychological ailments. YuLife additionally works to stop sickness with 24/7 entry to digital healthcare. The corporate’s gross written premiums grew 3.7X YOY in 2021, and have already surpassed final 12 months’s whole within the first half of 2022. YuLife has additionally landed marquee purchasers together with CapitalOne, Tesco, Co-Op, Santander, Penguin Random Home, Sixt Lease a Automobile, FSCS, QinetiQ and Jaguar Land Rover, whereas taking huge steps towards worldwide growth. OurCrowd is collaborating in its Sequence C funding spherical, being led by one among Asia’s largest insurance coverage firms.
“Israel as a startup world energy”
Expertise is continually remodeling the world we reside in. However since its earliest days, OurCrowd has been conscious of simply how essential a job Israel is enjoying on this international revolution. I spoke to the Media Line and shared my insights on how OurCrowd has grown, but caught to its rules through the years, what sort of startups we’re now, the present market circumstances, and the place we will nonetheless step up our sport.
Byrider picks Lightico for digital mortgage processing, slashes turnaround time
Main US auto dealership Byrider is placing its belief in our portfolio firm Lightico. It has adopted Lightico’s Digital Completion Cloud platform to effectively gather paperwork and course of loans, Non-Prime Instances studies. The end result: an 86% quicker turnaround time, 84% completion fee and considerably improved buyer and worker satisfaction. “The swap to Lightico has assisted us in decreasing working prices, enhancing affiliate productiveness, and offering a extra optimistic expertise for our prospects,” says Timothy Brown, a Regional Assortment Supervisor at Byrider, which has bought over 1.2M automobiles at greater than 150 areas throughout the US. Lightico is at the moment funding on the OurCrowd platform.
Watch: OurCrowd FoodTech fund occasion
A rising variety of startups are stepping as much as the plate and attempting to give you tech-based options on methods to produce sufficient meals to feed the planet’s rising inhabitants with out additional damaging the surroundings. Since day one, OurCrowd has been a part of the FoodTech revolution. We’re Israel’s most energetic FoodTech investor and ninth on this planet general. Now we’ve launched the OurCrowd FoodTech fund that can put money into a diversified portfolio of startups, all wanting to verify we gained’t develop hungry sooner or later. I sat down with Noga Sela Shalev, CEO of our Contemporary Begin incubator, Aviv Wolff, Co-founder and CEO of our no-cow dairy pioneer Remilk, and Richard Lackey, Chairman and Founding father of the World Meals Financial institution, to debate the present FoodTech ecosystem and the way the sector is ripe for buyers.
Prime Tech Information
Gen Z sports activities neighborhood Time beyond regulation raises $100M
Sports activities neighborhood for millenials and OurCrowd portfolio firm Time beyond regulation raised $100M in its Sequence D funding spherical, Forbes studies. Time beyond regulation has created new, video-driven sports activities leagues which have garnered greater than 800M views of their first 12 months alone. The corporate’s content material will get greater than 2B video views every month. Liberty Media, which has possession stakes in high-profile sports activities and media firms together with Method 1, the Atlanta Braves, SiriusXM and Reside Nation Leisure, co-led the spherical. Different buyers embody Morgan Stanley, Jeff Bezos, Black Capital and over 30 NBA stars.
Pizza Hut faucets Client Physics machine for Dairy Farmers partnership
Pizza Hut needs dairy farmers to cut back greenhouse gasoline emissions and is enlisting a marquee machine produced by our portfolio firm Client Physics to assist out. The chain will present collaborating members of the Dairy Farmers of America with the expertise and information wanted to hold out the environmentally pleasant mission, FeedStuffs studies. As soon as enrolled, farms will obtain a SCiO cup, the world’s quickest lab-grade dry matter analyzer produced by Client Physics, permitting farmers to investigate their cows’ feed, serving to to ship exact vitamin – and in flip, produce milk extra effectively, create much less waste and cut back on-farm greenhouse gasoline emissions. By 2025, Pizza Hut goals to supply 50% of the dairy used to make its pizza cheese from dairy farms enrolled in this system.
Ossio launches its distinctive orthopedic sutures in US
MedTech innovator and OurCrowd portfolio firm Ossio launched its proprietary Suture Anchors used for orthopedic surgical procedure within the US. They’re a part of the corporate’s clever bone regeneration expertise product line that integrates with the host’s bone throughout the therapeutic course of. The brand new implant was additionally used for the primary time within the US in a medical observe. The Suture Anchors had been FDA-cleared in March.
BBC: SeeTrue will help us via the “Summer season of Misplaced Baggage”
It’s being referred to as the “Summer season of Misplaced Baggage.” With the proper storm of seasonal trip in full gear and airports world wide severely understaffed, baggage is arriving late or disappearing altogether at a staggering fee, writes Natalie Lisbona of the BBC. One startup that may assistance is our portfolio firm SeeTrue, which scans carry-on items quicker than human safety employees. “SeeTrue makes use of synthetic intelligence and pc imaginative and prescient algorithms to find prohibited gadgets in luggage,” says CEO Assaf Frenkel. “It connects to the prevailing X-ray and CT scanners, and detects in real-time, quicker and extra precisely than most human eyes, all the time on, and by no means getting drained or distracted. In consequence, baggage is delivered on time to the planes and never left behind.”
Introductions
Your portfolio will get stronger when the OurCrowd community will get concerned. Go to our Introductions web page to see which of our firms are on the lookout for connections that you simply could possibly assist with.
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