The investors include Alma Mundi Fund, Talis Capital, InsurTech Gateway, Ascend, Prototype Capital and the Baloise Group. The funding brings the insurtech’s capital to $4m and will support its You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
Insurtech Insurdata has raised $3m in a seed funding round led by Anthemis and Menlo Ventures to provide reinsurance clients with risk-specific data for their underwriting. The funding pushes the firm’s total capital to $4m. Jason Futers, Insurdata CEO, said the company aims to fill in “material deficiencies” in the information underwriters rely on, and to work with re/insurers to create more accurate data for a broad range of risks, including natural catastrophe, terrorism and cyber.