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Fintech
Parametric insurance that uses objective data to trigger rapid payouts for climate and other risks.
InRisk Labs structures insurance around measurable indices such as weather or market data, allowing coverage to pay when agreed thresholds are met instead of waiting for individual loss assessments. Its products target risks including drought, floods, cyclones, market volatility and business interruption, serving organizations and insurance partners. The Series A will support growth of its parametric insurance platform.
| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series A | $27M | Bessemer Venture Partners — Lead |