Tech Company Financing Transactions
Chelsea Avondale Funding Round
Chelsea Avondale, based in Hamilton Bermuda, secured investment capital from MSD Partners, American Family Ventures and private investors.
Transaction Overview
Company Name
Announced On
5/23/2023
Transaction Type
Amount
Unknown
Round
Series C
Investors
MSD Partners (Lead Investor)
Proceeds Purpose
The new funding will be used to support the continued growth of Chelsea Avondale's Canadian homeowners insurance portfolio, which is underwritten through the Company's wholly owned subsidiary, Max Insurance, and distributed through Max's network of independent brokers.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
Victoria Place, 31 Victoria Street
Hamilton Bermuda, Undisclosed
BM
Hamilton Bermuda, Undisclosed
BM
Phone
Undisclosed
Website
Email Address
Overview
Chelsea Avondale has developed Skynet, a precision risk technology for property & casualty insurance, by going back to the scientific principles that cause insurance claims. The first implementation of Skynet was completed in Chelsea Avondale's wholly owned insurance company in Canada -- Max Insurance. Chelsea Avondale also partners with industry leaders to proliferate the global impact of scientific underwriting.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nilesh Vasani
Chief Financial Officer
David Chilton
Chief Operating Officer
Gerrit Westland
President
Gajan Sundaralingam
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