Continental Grain, Syngenta and Ascot contributed to a $46.5m round which will support hiring and geographical growth for the commodities insurance provider.
US-based trading insurance provider Stable has received $46.5m in series A funding from investors including grain trader Continental Grain, agribusiness Syngenta and insurance underwriter Ascot, TechCrunch reported yesterday.
Greycroft led the round, which also featured fellow venture capital firm Notion Capital and venture investment platform Anthemis.
Stable operates an online platform which offers insurance that covers fluctuations in the prices of commodities, helping traders minimise risk.
The cash will fund the recruitment of data scientists and sales and marketing staff,…
