Mundi Ventures’ Post

Why top venture capital firms are investing $15 million in our vision to make #reinsurance smarter and more efficient. ⬇️ PRESS RELEASE BELOW ⬇️ Supercede Secures $15M Series A to Pioneer Reinsurance Industry Transformation 🔵 Pioneering Reinsurance Technology 🔵 Supercede’s platform, designed by industry experts, automates and optimises the reinsurance process, enabling superior risk management, optimised coverage, and enhanced pricing outcomes. Representing over 140 member companies globally, including insurers, brokers, and reinsurers, Supercede’s platform enhances data preparation and deal management, making reinsurance teams more effective and profitable. 🔵 Strategic Growth and Innovation 🔵 With this new capital, Supercede plans to expand its team, attracting top-tier talent to enhance platform development and implementation. Ben Rose, president and co-founder, added, "This investment is reflective of the incredible support Supercede has received from a global community of buyers, brokers and underwriters determined to bring better data and technology to the reinsurance industry. We are responding to their call to action, and with these funds will scale our capabilities to ensure our platform remains the top choice for reinsurance buying teams.” 🔵 Investor Confidence 🔵 Margaux Gregoir, Principal at Alven, commented, “Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry. It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector.” Faisal Al-Hussein, Principal of Mundi Ventures, remarked, “Supercede is transforming the reinsurance industry with its cutting-edge platform. Our investment underscores our confidence in their potential to set new industry standards.” Ivan Ong, Partner at AFG Partners, said, “Supercede is uniquely positioned to dominate the reinsurance technology space. Their vision, combined with their relentless execution, is a game-changer for the industry”. 🔵 Phenomenal Growth and Market Impact 🔵 Founded in 2019 and headquartered in London, Supercede has established itself as a trusted leader in reinsurance technology, with revenues surging over 500% in the past year. Designed by industry experts, Supercede’s platform enables real-time strategic decision-making, vastly improving workflow efficiency, data accuracy, and operational agility. Supercede remains committed to providing unparalleled solutions that drive efficiency and growth for reinsurance professionals globally.

EXCLUSIVE: Cowbell chief strategy officer, Anthemis partner Jones joining Transverse Ventures Learn more👇 https://lnkd.in/gCZ9rt8G Cowbell chief strategy officer and Anthemis partner Matthew Jones is joining Transverse Ventures in May to head up the fronting carrier’s venture arm, The Insurer can reveal. #PeopleMoves #InsurTech #innovation #insurance #reinsurance #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews

wefox, the German InsurTech is reported to have sent a letter to shareholders warning them that it could be insolvent by the summer. This is the same Wefox that was valued at $4.5bn less than two years ago, and which is reported to have raised $160m in 2023 alone. How can investors get it so wrong? It’s simple: not doing commercial and operational due diligence on InsurTechs. Read our latest article where we lay out some of the learnings we have made in diligences so far. https://lnkd.in/eaGPs8Gi #insurtech #duediligence #investestors #commercial #operations #diligence #governance

Some musings on why it makes sense to do commercial due diligence on InsurTechs. (Interestingly, we have a side line in doing InsurTech diligence and we've seen brilliant businesses and some puzzling ones - they're always fun. Get in touch if you'd like to discuss.)

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🌟 Revolutionizing Acquisitions in the Insurance Industry: The DOXA Approach 🌟 Years ago, our co-founders Matt Sackett and Tim Wiggins identified a crucial gap in the insurance industry regarding acquisitions, particularly for Managing General Agencies (MGAs) with annual premium volumes under $75 million. Traditionally, smaller MGAs faced challenges in finding suitable succession alternatives, often overlooked by larger acquiring firms focused on bigger opportunities. Even when they did attract attention, it often came at a cost: relinquishing their identity, brand, and valued team members. At DOXA Insurance Holdings, we believe in a different approach. We understand that the heart and soul of a business is integral to its success. That's why we're committed to preserving the essence of each acquired company, allowing them to retain their name, brand, and staff. Our goal isn't just about acquiring companies; it's about nurturing their growth and maintaining their unique identity within the DOXA family. We're changing the game by prioritizing people and values, ensuring that every acquisition is a true partnership built on trust, respect, and shared vision. https://ow.ly/R5wF50Sb4UM Stay tuned to learn more about how DOXA is reshaping the landscape of insurance acquisitions. #DOXAInsurance #InsuranceAcquisitions #SuccessionPlanning #InsuranceIndustry #CompanyCulture

Top 10 InsurTech Capital Raises in the U.S. - August 1st - 11th, 2024 The InsurTech sector has seen significant activity this past week, with several companies securing substantial funding to drive innovation.    If you would like more info on these deals or would like to discuss the capital raising market for your company, please DM me.   Here are the top 10 capital raises:   Merger/Acquisition and Corporate 1. Columbia Insurance & Wealth Management, based in Vancouver, Washington, was acquired by Highstreet Insurance Partners through an LBO. 2. Insurance Management Company, headquartered in Erie, Pennsylvania, was acquired by Hub International through an LBO. 3. Southern Colorado Insurance Center, from Colorado Springs, Colorado, was acquired by Hub International through an LBO. 4. Lincoln Insurance Group, based in McDonough, Georgia, was acquired by King Insurance Partners through an LBO. 5. US Midcorp And Entertainment Insurance, a businesses unit of Allianz Global Corporate & Specialty was acquired by Arch Capital Group for US$ 450 million.   Later Stage VC 6. Nayya, located in New York, New York, raised later-stage VC funding, securing support from ADP Ventures for its innovative insurance solutions.   Early Stage VC 7. Walnut Insurance, based in Toronto, Ontario, raised $3.34 million in early-stage VC funding to enhance its insurance platform. (Lead Investor: NAVentures) 8. AutoComplete, from San Francisco, California, received backing from AutoNation and Bain Capital Ventures in its early-stage VC funding round.   Seed Round, Angel, and Grant 9. Chaiz, headquartered in Austin, Texas, raised $3.96 million in seed funding to develop its insurance tech platform. (Lead Investor: Resilience VC) 10. Fair, based in Dover, Delaware, secured $1.44 million in seed funding to innovate in automotive insurance. (Investors: Antler, Blue Collective, Redbud VC)   #castleplacement 📈 #capitalraising 💼 #privateequity #venturecapital #investment #InsurTech

Looks like Erie Insurance Group is getting in on the insurtech innovation investments. Recently also saw State Farm ventures up their scout team size. Be interesting to see out of the top 10 big PL and CL carriers, who makes the best VC investment moves. It’s a diff game! What’s interesting is many insurance companies these days categorize themselves as tech companies. But most of their investments are external. Would love to see more of them spin out their own internal talents they home grown, and build their own Erie lab, Erie incubators, Erie Venture all the way thru that leads to unicorns. Great share Insurtech Insights

🌍 UK Leads European InsurTech Surge in 2024! 📈 The UK dominated InsurTech deals in Europe for the first half of 2024, as regional funding surged by an impressive 17%. With companies in the UK securing half of the top 10 deals, the country reaffirmed its leadership in the European InsurTech landscape. 🔑 Key highlights: - UK InsurTechs led in deal-making. - Europe's funding activity picked up momentum, up 17% compared to H2 2023. - Larger funding rounds were a key focus for investors. Exciting times for innovation in insurance tech, with the UK at the forefront! 🚀 #InsurTech #Innovation #UKTech #Investment #TechTrends #FinTech (https://lnkd.in/dzZG3DPp)

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