It's been a great week for Israeli fintech. Insurtech company Next Insurance just raised $29 million in a Series A funding round with Munich Re/HSB Ventures. Meanwhile, YL venture capital, the group behind several security startups and the retail innovators Upstream Commerce, raised $75 million to fund Israeli software startups looking to enter the lucrative U.S. market. It's become increasingly common for Israeli startups to skip a local launch altogether and go directly to American and European consumers. "We plan to be worldwide, but we focus all our energy right now on the U.S.," Next Insurance CEO Guy Goldstein told International Business Times.
May-4-2017, 22:46:04 GMT