OwnBackup receives $50 million in funding (access required)

Englewood Cliffs-based cloud-to-cloud business continuity platform OwnBackup received $50 million in new funding led by Insight Partners with participation from Salesforce Ventures and Vertex Ventures less than one year after raising Series C financing. Innovation Endeavors also participated in the follow-on round, bringing OwnBackup’s total funding to over $100 million, which will be used to ...

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Specialty Program Group LLC acquires Chicago-based Avant (access required)

Insurance brokerage and underwriting facility firm Specialty Program Group LLC said Tuesday it acquired Avant LLC of Chicago, Ill. Avant is a leading transportation program administrator and wholesale brokerage firm, with specialty Cannabis and Supermarket program divisions. Terms of the acquisition were not disclosed. The Summit-based Specialty Program Group said it could not pass up ...

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