MoreTech Ventures News
3 articles
growth-positive
StreamElements raises $100 million led by SoftBank Vision Fund 2
StreamElements, an Israeli-founded company that provides engagement and monetization tools for live and Video on Demand (VOD) content creators, has raised $100 million in funding. The funding round was led by SoftBank Vision Fund 2 and included participation from PayPal Ventures, MoreTech, and existing investors. The company also announced management changes, with Gil Hirsch becoming CEO and other co-founders taking on new roles. StreamElements plans to use the funding to expand its reach to a broader range of creators and platforms. The company has experienced significant growth during the pandemic, with over 1.1 million creators using its tools and services.
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growth-positive
Health incentive life insurance co Sproutt raises $26m
Sproutt, an Israeli health incentivized life insurance company, has completed a $26m Series B financing round. The funding was led by MoreTech Ventures and included participation from Harel Group, The Raptor Group, and Falcon Edge Capital, as well as existing investors. Sproutt has developed a predictive life insurance that rewards healthy behavior. Their life insurance policies are personalized based on each customers Quality of Life Index (QLI), which assesses behaviors related to healthy living. Sproutt aims to redefine what life insurance can do for those who prioritize healthy living. The company has also launched a dedicated Agent Platform to offer tailored life insurance policies to customers through licensed insurance sellers. This investment is seen as a vote of confidence in Sproutts vision and reflects the changing market.
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growth-positive
Foretellix Closes $32M Series B Funding Round For Ensuring The Safe And Efficient Deployment Of Automated Driving Systems
Foretellix, a platform provider for automated driving systems, has raised $32 million in its latest series B funding round. The funding round was led by MoreTech Ventures and included strategic investors such as Volvo Group Venture Capital, Nationwide, NI, and Japan-Israel High Tech Ventures. This brings Foretellixs total raised capital to over $50 million. The company uses a quantifiable approach to safety and hyper-automation to create and test all possible scenarios for automated driving systems. Foretellix is experiencing a rapid increase in demand for its platform from leading automotive industry players. The funding will help the company address the growing demand for its products and further advance its mission to enable the safe deployment of advanced automated driving systems.
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