Amount$12M
SeriesStrategic
AnnouncedJan 9, 2024
Time since last round24 mo
SectorInsurance, Insurance Risk, Claims, Underwriting
Sub-sectorNatural Language Processing, Machine Learning, Deep Learning
Solid
A solid round with healthy fundamentals.
Round size vs peers
In line with the typical Strategic round.
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Strategic rounds (48)
Round size distribution63th pct
smaller Strategic roundslarger
vs. Insurance, Insurance Risk, Claims, Underwriting (4)
Round size in sector75th pct
$2Mthis round: $12M$20M
