Arbol Raises $60 Million in Series B Funding to Scale Parametric Insurance
04/30/24, 2:10 PM
Location
new yorkMoney raised
$60 million
Industry
risk management
Round Type
series b
Investors
Mubadala Capital, Opera Tech Ventures, Giant Ventures
Arbol, a leading climate risk solutions provider, has secured a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital. The funding will support Arbol's expansion into agriculture and renewable energy as well as its global expansion and investment in property and casualty (P&C) and home insurance business lines.
Company Info
Location
new york, new york, united states
Additional Info
Arbol is a global climate risk coverage platform and FinTech company offering full-service solutions for any business looking to analyze and mitigate exposure to climate risk. Arbol’s products offer parametric coverage which pays out based on objective data triggers rather than subjective assessment of loss. Arbol’s key differentiator versus traditional InsurTech or climate analytics platforms is the complete ecosystem it has built to address climate risk. This ecosystem includes a massive climate data infrastructure, scalable product development, automated, instant pricing using an artificial intelligence underwriter, blockchain-powered operational efficiencies, and non-traditional risk capacity bringing capital from non-insurance sources. By combining all these factors, Arbol brings scale, transparency, and efficiency to parametric coverage.