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 company will use the money from its new investors to expand into other areas of insurance, including life insurance. 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.