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Belgian insurance tech startup Qover has raised $30 million in Series C funding. Belgian insurance tech startup Qover has raised $30 million in a Series C funding round. "2022 was pivotal for our business because VC funding slowed down, metrics changed and we have a strong exposure to VC-backed companies," Colmant said. The Series C funding round came from investors including Anthemis, Alven, Kreos Capital and Zurich Global Ventures at an increased valuation. Check out Qover's 18-slide Series C pitch deck below:
Persons: Qover, Quentin Colmant, Colmant, Monese Organizations: Kreos, Zurich Global Ventures Locations: Belgian, Brussels, Kreos Capital
The purchase will boost the money manager's offerings in the booming private credit space. The world's largest asset manager is set to buy a lender to European technology and healthcare companies to boost its private credit business. One area that BlackRock has been focused on ramping up has been its $320 billion alternatives business, especially private credit. Private credit has grown tremendously as traditional banks pull away from loaning to small and risky companies. Within private credit, venture debt is a growing area.
Persons: Larry Fink, Stephan Caron, Monese, Keefe, Michael Brown, Brown, Martin Small Organizations: BlackRock, Investors, Silicon Valley Bank, Tennenbaum Capital Partners Locations: London, BlackRock, loaning, Europe, Asia, Silicon
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