Insurtech Insurdata has raised $3m in a seed funding round led by Talis Capital 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.
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.