Tech Company Financing Transactions
Vellum Insurance Funding Round
aCrew Capital, 1Sharpe Ventures and Endurance participated in a $7 million Seed funding round for Vellum Insurance. The round closed on 10/10/2023.
Transaction Overview
Company Name
Announced On
10/10/2023
Transaction Type
Venture Equity
Amount
$7,000,000
Round
Seed
Investors
Proceeds Purpose
The insurance industry needs a better understanding of data to operate in a rapidly changing risk landscape.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
Undisclosed
New york, NY Undisclosed
USA
New york, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Insurance and reinsurance are critical to our global economy. However, in our landscape of evolving risks the accelerating pace of change makes it tough for the industry to keep up. (Re)insurers are being asked to take leaps of faith on new ideas and new leaders, but messy data, bespoke processes, and emerging risks are causing those leaps to be met with large losses and volatility.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Julianna Muir
Chief Technical Officer
John Cappiello
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