Sector Updates

Amynta Group, a premier insurance services company, is to acquire Ambridge Group, a Managing General Underwriter (MGU), for $400m.

AcreTrader, which claims to be a farmland investing platform aimed at removing barriers to farmland investing and ownership, has closed its Series A on $12m.

CAPSLOCK, a bootcamp for cybersecurity training, has collected £1m in pre-seed funding.

Hillridge, a Sydney-based AI crop insurance platform, has raised $2.3m in seed funding as it plans to expand its weather insurance platform to southeast Asia.

A report published by Temenos has found that 65% of global banking executives believe branch-based banking will be ‘dead’ within a five-year period.

Regulatory and compliance software provider for regulated industries Ideagen secured £100m through a new committed credit facility of £75m, with a further uncommitted of up to £25m.

OpenInvest, a digital investment advisor for socially responsible investing, has received $10.4m in its Series A funding led by QED Investors.

The Council of Europe’s anti-money laundering (AML) body MONEYVAL has urged Cyprus to be more aggressive in its efforts to combat criminal transactions.

Reask, a science and technology company focusing on the financial impacts of extreme weather, has named David Schmid as head of parametric products to build out all aspects of its global parametric insurance product offering.

Form3, a payment technology developer, has closed its Series C round on $160m, which will aid its geographical growth.