Funding Rounds

Cherry is a new FinTech startup launched out of stealth that aims to automate accounting and transaction processes.

Anzen is a new InsurTech company that is on a mission to rebuild the business insurance space, with a focus on the Directors and Officers (D&O) or Executive Liability Insurance lines.

KodyPay, which is helping to simplify in-person payment acceptance, has raised $5m in its pre-Series A funding round.

This week saw a humble 28 deals take place across the FinTech sector, in another relatively slow week as markets struggle.

 HyperComply, which automates security reviews and accelerates due diligence, has closed its seed round on $6.4m.

Isovalent, a developer of open-source technologies, has closed its Series B funding round on $40m, with Thomvest Ventures leading the investment.

Deal management platform Dealpath has closed its Series C round on $43m, as it looks to accelerate its global expansion efforts.

South Korean digital insurance carrier Carrot has raised $250m in a round led by Affirma Capital.

Optalitix, an InsurTech that claims to add value to insurers with low code SaaS products, data analysis and AI models, has raised £4m.

Netradyne, a startup that uses AI and data to provide fleet safety solutions, has raised $65m in debt financing from Silicon Valley Bank.