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Allocate Raises $5M in Seed Funding

Allocate Raises $5M in Seed Funding
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New York Life's Impact Investment Initiative Commits $50 million to IMPACT Community Capital in support of affordable housing preservation

New York Life's Impact Investment Initiative Commits $50 million to IMPACT Community Capital in support of affordable housing preservation
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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Q2 wraps up with more than $6.2 billion in digital health investments

Q2 wraps up with more than $6.2 billion in digital health investments
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Covr Financial Technologies Launches New Insurance Product Suite with Investment from Sony Innovation Fund by IGV

Covr Financial Technologies Launches New Insurance Product Suite with Investment from Sony Innovation Fund by IGV
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HARTFORD, Conn., April 29, 2021 /PRNewswire/ Covr Financial Technologies (Covr), a leading digital life insurance platform, has completed its latest funding round with an investment from Sony Innovation Fund by IGV. This funding comes in conjunction with the launch of Covr s suite of new AI-driven term life insurance products, which bring market-leading capability to the financial institutions and insurance companies that use Covr solutions to support the growing trend of self-directed, shop-from-home, insurance buying experiences that are now possible because of emerging technology and robo-advice tools. ....

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New York Life Launches $1 Billion Impact Investment Initiative to Address Racial Wealth Gap by Investing in Underserved and Undercapitalized Communities over Next Three Years

1 and most admired
2 mutual life insurer, today announced a $1 billion impact investment initiative with the aim to address the racial wealth gap by investing in underserved and undercapitalized communities over the next three years with a focus on supporting small businesses, affordable housing, and community development. The company will partner with diverse asset managers, federally chartered community development financial institutions (CDFI), and other mission-driven organizations to amplify their efforts on the ground.
“The societal events of the past year have stirred an urgency to address America’s racial disparities, which the Covid-19 pandemic has only made more glaring. Now, more than ever, is the right time to make impact investments that drive change,” said Tony Malloy, chief investment officer at New York Life. “We are focused on investments that seek to not only deliver meaningful societal impacts, but also provide the potential to generate market re ....

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