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The Demex Group Raises $9 Million

Dec 02, 2021•almost 4 years ago

Amount Raised

$9 Million

Description

The Demex Group, the technology company behind a first-of-its-kind platform for analyzing, pricing, and transferring climate-linked risks at scale, today announced it has raised $9 million in Series A funding led by financial services and technology investors, Anthemis Group, Blue Bear Capital, and QBE Ventures. IA Capital Group also participated in this round of funding; both Anthemis and IA Capital led Demex's $4.2 million seed round announced a year ago.

Company Information

Company

The Demex Group

About

The world is changing; weather patterns are increasingly unstable and present unique risks for businesses. Extreme weather leads to dramatic fluctuations in revenue and operating costs. Yet existing financial weather risk management approaches were built for an earlier era and they are ill-equipped to reliably provide climate-linked financial security for property owners, tenants, and managers. Demex makes it simple to build protection for operational weather risks. Demex developed a robust, end-to-end ecosystem, seamlessly integrating the weather data, cashflow modeling and channel partners required to provide coverage that's tailored for businesses around the globe. Our team and technology were recognized in the top 50 insurtech companies in the Americas by InsurTech Insights and Oxbow Partners called us "one of 25 emerging technology-led businesses well- placed to help insurers succeed." HolonIQ said that Demex is one of "the 200 most promising Climate Tech startups" in North America. With the business impact of climate change increasing every year, Demex is designed to support new sectors with an innovative approach. Learn more at www.TheDemexGroup.com and www.DemexClimateCenter.com