Danish insurtech firm Penni.io recently announced snapping up €2 million from three top Nordic insurance profiles, with plans to expand their efforts in Europe and beyond.

Penni.io, founded in 2016, is helping insurance firms, brokers and distribution partners jump into digitalisation by selling and customizing their products online.

They can connect the industry’s old IT systems to modern solutions – and they have proven that they can execute faster and use less resources than insurance companies would”.

In Penni.io’s three years of existence, the company has managed to increase online sales for several large insurance companies in France, the Nordics and the UK.

Now, French international services group APRIL has teamed up with Penni.io, and neobank Anytime, to launch an insurtech-driven sales channel. | To read full story, visit https://startuparound.com/read/1583337605.8226523/Copenhagen-based-Penni.io-snaps-up-€2-million-to-help-insurance-companies-open-to-new-online-markets?ref=audio_experience

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

Earlier this week, the popular free stock trading service Robinhood suffered downtime over a two-day period.

The company, a well-funded unicorn taking on incumbents in its industry, failed to operate properly when the public markets were surging on Monday (bad) and falling on Tuesday (very bad).

Images of Robinhood account screens featuring huge losses from the periods of downtime (or missed upside) weren’t hard to find.

The company is already in the market with apologies and some give-aways to try to stem the negative news cycle. | To read full story, visit https://startuparound.com/read/1583335807.2131681/Robinhood’s-downtime-as-a-stress-test-for-the-consumer-fintech-boom-–-TechCrunch?ref=audio_experience

Rollbar, a San Francisco, CA-based provider of Software as a Service real-time error monitoring platform, raised $11m in Series B funding.

The round was led by Runa Capital, with participation from Long Light Capital and Blossom Street Ventures and existing investors Cota Capital, Bain Capital, and Patagonia Capital.

In conjunction with the funding, Dmitry Galperin from Runa Capital will take a board seat.

Led by Brian Rue, CEO and Co-Founder, Rollbar provides developers with an automated error response platform platform to deploy software, identifying, prioritizing and resolving coding errors.

The company works alongside a development team’s existing tool chain to give coverage and insights into broken code, across the development lifecycle. | To read full story, visit https://startuparound.com/read/1583334008.7944717/Rollbar-Raises-$11M-in-Series-B-Funding?ref=audio_experience

Netlify Raises $53M in Series C Funding Back to HomeSAN FRANCISCO, CA, Netlify announced it raised $53 million in Series C funding led by the EQT Ventures Fund.

Today Netlify announced it raised $53 million in Series C funding to accelerate the development and adoption of its web development platform based on git workflows and the modern JAMstack web architecture it pioneered.

The Series C funding round is led by the EQT Ventures Fund ("EQT Ventures") with participation from existing investors Andreessen Horowitz and Kleiner Perkins, as well as Preston-Werner Ventures.

EQT Ventures' proprietary artificial intelligence (AI) platform Motherbrain flagged Netlify to the EQT Ventures team as a key investment opportunity.

With this investment, Laura Yao, deal partner and investment advisor at EQT Ventures, also joins the Netlify Board of Directors. | To read full story, visit https://startuparound.com/read/1583332207.8873954/Netlify-Raises-$53M-in-Series-C-Funding?ref=audio_experience

Neobanks offer a digital-only banking experience with mobile-first features, but their scope is limited in the Indian contextWith no virtual banking licences in India, neobanks are forced to tie up with traditional banking partnersWill this hurdle be removed in the near future to set off the next step in the evolution of banking in India? | To read full story, visit https://startuparound.com/read/1583330406.300204/India’s-Neobanking-Revolution:-Changing-The-Game-Or-Just-Watching-From-The-Sidelines??ref=audio_experience

The Vegas tournament billed as the 'World Series of Poker' has gotten global recognition for making its participants overnight millionaires.

Between January 2 and 14, players cashed in a whopping Rs 7 crores at a series called the Baazi Poker Tour, held in Goa.

“With The EndBoss, you can buy-in with Rs 10,000 to win Rs 1 crore.

While buy-ins start at Rs 4,000, players can win tickets and paid packages to the series through qualifying tournaments on the app.

"The National Poker Series is a chance for players to gain nationwide recognition. | To read full story, visit https://startuparound.com/read/1583328605.903269/This-Poker-Pro-keeps-raising-the-stakes-and-players-are-cashing-in?ref=audio_experience

Given their growing influence on the finance market, neo-banks are also expected to change consumer perception of finance services and generate important market trends.

Unlike traditional banks, which may offer online services, but typically rely on their physical branches, neo-banks are digital-only financial institutions.

This caused a boom in startup activity, enabling disruptive companies like Revolut and Monzo to compete with traditional banks.

Now, neo-banks are regulated just like traditional banks and they’re becoming a lucrative business model in North America and China.

For the following years, experts expect this sector to expand even more and engulf a higher percentage of the finance market. | To read full story, visit https://startuparound.com/read/1583326923.152935/What-Are-Neo-Banks-and-How-Will-They-Shape-the-Future-of-Finance??ref=audio_experience

The recent coronavirus outbreak (officially known as COVID-19) that originated in Wuhan, China has taken the world by storm.

The company also asked employees who had recently travelled to China to work from home for a period as caution.

Cook also added that the company has also closed down at least three stores in China because of the coronavirus outbreak.

Google has also temporarily shut down all of its China offices due to the coronavirus outbreak, as well as its offices in Hong Kong and Taiwan.

TwitterTwitter has asked employees to work remotely to guard themselves against the ongoing spread of the disease. | To read full story, visit https://startuparound.com/read/1583325005.249751/What-big-companies-are-doing-to-keep-their-employees-safe-as-coronavirus-spreads?ref=audio_experience

naviHealth, a Nashville, Tenn.-based value-based care company focused on seniors, acquired Innovative Healthcare Delivery (IHD), a company that specializes in identifying and addressing social determinants of health in order to improve quality of life and clinical outcomes for patients.

This acquisition is part of naviHealth’s broader mission to extend non-clinical services into the home for seniors and those that care for them.

By integrating IHD into their current care coordination model, naviHealth will be able to further expand care services from post-acute care into the home.

Led by Clay Richards, Chief Executive Officer, naviHealth leverages a predictive technology and decision support platform to provide clinicians and care teams with evidence-based protocols to support patients from pre-acute through to the home.

For nearly a decade, naviHealth has been a partner for the nation’s top health plans, health systems, and at-risk physician groups navigating the shift from volume to value. | To read full story, visit https://startuparound.com/read/1583323208.224991/naviHealth-Buys-Innovative-Healthcare-Delivery?ref=audio_experience

Cofounder Prasanna Rao told Inc42 that the company will invest the funds towards building its flexible warehouse productNoida-headquartered agritech startup Arya has raised $6 Mn in its pre-Series B funding round.

As an agritech startup, Arya provides post-harvest services across the agricultural value chain, including warehousing, warehouse receipt financing, rural storage discovery, collateral management and market linkages.

Rao told Inc42 that the startup is working to ensure that the supply and demand side are balanced.

Besides warehousing tech, the company also offers warehouse receipt financing via Aryadhan, a wholly-owned NBFC subsidiary.

Aryadhan provides credit to farmers, FPOs and SME aggregators (processors/traders) who have stored agri commodities in the Arya warehouse network. | To read full story, visit https://startuparound.com/read/1583321405.4584396/Agritech-Startup-Arya-Raises-$6-Mn-In-Pre-Series-B-Funding?ref=audio_experience