Natural Catastrophe Insurance Mga, Delos, Closes Seed Funding Round With Ia Capital And Avanta Ventures
Natural Catastrophe Insurance Mga, Delos, Closes Seed Funding Round With Ia Capital And Avanta Ventures
12/01/21, 9:00 AM
Location
Round Type
seed
Delos Insurance Solutions, a catastrophe insurance managing general agency (MGA) with a specialty in California wildfire-related risks, today announced that its seed funding round has closed. The $5.3 million round, led by IA Capital along with participation from Avanta Ventures, Red Dog Capital, a syndicate of strategic investors led by insurance executive Jonathan Crystal, and Futureland Syndicate, will permit Delos to further expand within the California homeowners insurance market, which is struggling with record-breaking wildfire losses. Delos proprietary underwriting technology empowers insurance carriers to profitably insure homes within areas that incumbents had deemed as high risk for wildfire.
Company Info
Location
san francisco, california, united states
Additional Info
Delos Insurance Solutions uses cutting-edge technology to offer insurance protection to homeowners in communities abandoned by other insurers because of wildfire risk. Founded in San Francisco in 2017 by aerospace engineers, Delos uses satellite imagery and artificial intelligence to identify insurable homes within territories deemed too risky by the rest of the insurance market. Delos is a Managing General Agent (MGA) offering policies on behalf of Canopius US Insurance, which is rated "A-" (Excellent) by AM Best.