The capital will be used to drive parametric insurtech FloodFlash’s international expansion strategy and help close the flood insurance protection gap
The Uk parametric insurtech FloodFlash has raise US$15mn in the lastest funding round. This will use to drive the catastrophic flood claim insurance company with international stratergy.
It is London based company with was launched in 2019 and combines the models and cloud software and internet of things into flood cover. FloodFlash is a registered cover holder to LIoyd’s of London and is authorized and regulated by the Uk financial conduct authority ( FCA).
New investor interest in insurtech FloodFlash
The investment was raised in just 48 hours of the Series A round option and was led by Chicago based Buoyant Ventures with San Francisco for fund Munich Re Venture also featuring as an investment.
FloodFlash investment growth for climatic events insurance
The funding drive success follow on from FloodFlash’s has announced that last year it formed a strategic alliance with the reinsurer Munich Re FloodFlash to use investment and capacity to fuel international expectation. The market tragets include the US, Germany, Australia, Japan.