chris@arsenalvp.com

VC-backed Next Insurance expands C-suite with two new appointments

Palo Alto, California-based Next Insurance, a digital insurtech company, has named Melanie Chase as chief marketing officer and Effi Fuks Leichtag as chief product officer. Chase is a former Fitbit executive while Leichtag is an ex-Yelp executive. Next Insurance is backed by MunichRe, Redpoint Ventures, Nationwide, Markel, American Express Ventures, Ribbit Capital, TLV Partners, Group 11 and Zeev Ventures.

Nauta Capital leads seed round for Airfocus

Airfocus, a provider of collaborative product management and road mapping software, has raised 1.7 million euros in seed funding. Nauta Capital led the round.

TRM locks in $4.2 mln

San Francisco-based TRM, a cryptocurrency compliance and risk management platform, has secured $4.2 million in funding. The investors were Initialized Capital, Blockchain Capital, PayPal Ventures and Y Combinator.

IntSights inks $30 mln Series D

IntSights, a cybersecurity company, has raised $30 million in Series D funding. Qumra Capital led the round. In addition to the funding, Boaz Dinte from Qumra Capital will join the IntSights' board of directors.

CTV raises about $70 mln for sophomore fund

Clocktower Technology Ventures, a venture arm of Clocktower Group, has closed its second fund at about $70 million. Clocktower Technologies II LP's investors include chief investment officers at global hedge funds, a university endowment, a Canadian pension, a sovereign wealth fund and an outsourced chief investment officer. The fund invests in early-stage fintech companies.

IOTech picks up $7.5 mln Series A

IOTech Systems Limited, an IoT edge platform company, has raised $7.5 million in Series A funding. Dell Technologies Capital led the round.

LIV fetches $2.6 mln Series A

San Francisco-based LIV, a mixed reality game streaming platform, has secured $2.6 million in Series A funding. Hiro Capital led the round.

Home insurance firm Luko snags Series A

Luko, a Paris-based home insurance company, has raised 20 million euros in Series A funding. Accel led the round with participation from Founders Fund and Speedinvest.

Bolt grabs $2.5 mln seed

San Francisco-based Bolt, an electric bike delivery company, has raised $2.5 million in seed funding. Maniv Mobility led the round with participation from other investors that included Contrarian Ventures.

Hemp company Freedom Leaf bags $5 mln

Las Vegas-based Freedom Leaf, a hemp consumer packaged goods company, has secured $5 million in funding. The lead investor was Merida Capital. The capital will be used for Freedom Leaf's production, marketing and sales efforts.