Briefing Venture

Briefing: Insurtech Circulo Launches With $50M, Robinhood CEO Testifies, And More

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Insurtech upstart Circulo launches with $50M

Columbus, Ohio-based Circulo, a startup looking to build a next-generation Medicaid insurance company, launched with $50 million in initial funding.

Drive Capital, General Catalyst, Oak HC/FT, and SVB Capital were among the firms providing the financing for the company. Sean Lane, CEO of AI-focused healthcare startup Olive, will also serve as chief executive of Circulo.

Circulo will be built on Olive’s technology platform, which has been adopted by over 600 hospitals.

— Joanna Glasner

Tech news

Robinhood CEO testifies to Congress: Vlad Tenev, CEO of trading platform Robinhood, testified before a U.S. House of Representatives Committee on Financial Services hearing in the wake of last month’s GameStop trading frenzy. Also testifying was Keith Gill, a Reddit user and YouTube streamer known as Roaring Kitty who had played a key role in boosting the stock.

— Joanna Glasner

Funding rounds

Podimo raises $13.6M: Podimo, a Copenhagen-based open podcast platform that offers a subscription service for creators, has reportedly raised €11.2 million (US$13.6M) in a funding round led by investment firm Chr. Augustinus Fabrikker.

— Joanna Glasner


Illustration: Dom Guzman

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