FinPro.’s Post

This week's #insurtech funding report is out & it's a good one! Lots of headlines to share this Thursday, including some from some special friend's of FinPro. which we always love to see, (You know how you are!) 👏 👏👏 Supercede | The Reinsurance Platform, UK SaaS reinsurance platform , has completed a $15 million Series A funding round, led by Alven with contributions from Mundi Ventures along with an existing investor roster that included Outward VC, Seedcamp, MMC Ventures, and AFG Partners. Ben Rose Jerad Leigh Tom Spier Jezen Thomas 🇺🇦 Jess McCausland Climate risk intelligence company Climate X  has raised $18 million in a Series A investment round led by GV (Google Ventures), and supported by Pale blue dot, CommerzVentures, A/O, Blue Wire Capital, PT1, and Unconventional Ventures and Western Technology Investment. Lukky A. 🚀 Kamil Kluza Norm Ai has raised $27 million in Series A funding led by Coatue and supported by Bain Capital , Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital. Norm Ai, led by Susan Dudley Troy A. Paredes Kate Karas & Vanessa De Simone, have developed an AI platform that converts regulations into computer code. These Regulatory AI Agents automate compliance analyses, enabling insurance companies and asset managers to publish regulated content faster. Micruity,  a financial technology infrastructure company, has raised $5 million in funding from Prudential, State Street Global Advisors, TIAA Ventures, Pacific Life, and Western & Southern Financial Group, bringing its total funding to $11 million. Climate insurance startup IBISA NETWORK  has closed a $3 million funding round to scale its parametric insurance solutions for weather-related risks in Asia and Africa. The round was led by The Acumen Resilient Agriculture Fund and Equator, alongside the Asian Development Bank Ventures and existing investors including Ankur Capital. Jean-Baptiste PLEYNET Maria Mateo Iborra Kinetic Automation Pvt Ltd,  an automotive infrastructure company that delivers digital maintenance and servicing for EVs and AVs through its network of service centers, has secured $21 million in Series B funding led by Menlo Ventures, with participation from Lux Capital, Construct Capital, Haystack Ventures, Allstate Strategic Ventures and Liberty Mutual Strategic Ventures. London-based PQShield  , a cybersecurity company specializing in post-quantum cryptography, has raised $37 million in Series B funding led by Addition, with participation from Chevron Technology Ventures, Legal & General, Braavos Capital, and Oxford Science Enterprises.