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Floodflash Raises $15M Series A Led By Buoyant Ventures And Featuring Munich Re Ventures

Feb 10, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series a

Description

FloodFlash, the parametric insurance technology company that pays catastrophic flood claims within 48 hours, today announced a Series A raise of $15m. The round was led by Chicago-based Buoyant Ventures with San Francisco-based fund Munich Re Ventures also featuring as an investor. Sony Financial Ventures/Global Brain (Tokyo), MS&AD Ventures (San Francisco) and PropTech1 (Berlin) all participated in the round alongside existing investors Pentech, Local Globe and Insurtech Gateway.

Company Information

Company

Flood Flash

About

80% of the world's catastrophic flood losses aren't insured. That's $58bn of uncovered damage, and it's getting bigger each year because of climate change, population growth and urbanization. FloodFlash is an insurance technology company that combines computer models, cloud software and internet-of-things sensors into flood cover that protects those the insurance industry has left behind. FloodFlash is headquartered in London, is a registered coverholder at Lloyd's of London and is authorised and regulated by the Financial Conduct Authority. SOURCE FloodFlash

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