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

, , , and were among the firms providing the financing for the company. , CEO of AI-focused healthcare startup , 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: , CEO of trading platform , 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 , 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: , a Copenhagen-based open podcast platform that offers a subscription service for creators, has €11.2 million (US$13.6M) in a funding round led by investment firm .

— Joanna Glasner

Illustration:Ìý