Vesttoo is a groundbreaking Insurtech company that offers insurance and risk management solutions to various industries, including life insurance, pension, and longevity risks. 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.
Vesttoo is currently in the process of raising funds in a Series D funding round, with a valuation estimated to be between $1.5–2 billion. This comes a short time after parting ways with one of its long-time investors, R&D partnership Sure-Tech, which sold its remaining stock in the company over recent weeks. CEO Yaniv Bertele stated that “the company has already started a funding process at a significantly higher value than the previous round, which will be completed in the coming months.”
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. The company’s experienced team works closely with clients to help them navigate the complexities of the global insurance risk transfer market.