Vesttoo Raises $80 Million at a $1 Billion Valuation

Vesttoo is a marketplace for non-catastrophe insurance-based risk transfer and investments. Applied AI technology assists in risk transfer between institutional investors and insurance companies by providing insurance-linked investments to all types of asset managers. The Vesttoo platform offers insurers affordable, accurate alternatives or supplements to traditional reinsurance.

The Series C funding round was co-led by Mouro Capital and a private equity fund. Among other participants were Gramercy Ventures, Black River Ventures, and Hanaco Ventures. New investments are planned to be used for mergers and acquisitions over the next 12 months. “The acquisitions we are targeting are of companies that provide added value and will bring significant technology to the company and help us expand into additional sectors,” Yaniv Bertele, Vesttoo’s CEO.

Vesttoo, Tel Aviv, Israel, was founded by Alon Lifshitz, Ben Zickel, and Yaniv Bertele in 2018. As of now, the company’s team consists of over 140 employees in offices located in Tel Aviv, London, Dubai, Hong Kong, New York, Seoul, and Tokyo. Vesttoo collaborates with leaders in the field to build alternative reinsurance transactions covering a variety of Life and P&C insurance risks in transparent, data-driven alternative reinsurance and retrocession deals.

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