Sector Updates

ExtractAlpha, a data-driven research firm aimed at institutional investors, has raised an undisclosed seed round of funding.

Insurtech startup Amodo has raised $500,000 from Austrian venture capital firm Speedinvest to support its international expansion.

Hartford, Connecticut-based Insurity Holdings, a provider of insurance policy administration, claims, billing, and analytics software, has attracted General Atlantic as new investor.

All-to-all electronic credit trading platform Trumid Financial, has reeled in $10m in a new venture funding round, led by Delphi Financial Group.

Boston-based Goji, a provider of online auto insurance solutions, has raised $19m in its latest financing round bringing its total funding to date to $89.2m.

Egypt-based SmartCare, a provider of online medical care programmes, has received $1.2m backing from the Egyptian-American Enterprise Fund (EAEF).

Berlin-based fintech startup Simplesurance has won German insurance group Allianz as new investor.

Fintech startup Trooly has raised $10m in a Series A funding round led by Bain Capital Ventures and Milliways Ventures to launch its new Instant Trust product.

Plaid Technologies, a software maker allowing FinTech businesses to access users data, has raised $44m in Series B round of funding.

San Francisco-based MeWe, a provider of mobile software for compliance, quality assurance, and brand standard management, raised $825,000 from angel investors earlier this month.