2 years ago
Insurtech Startup hyperexponential Raises $73 Million in Series B Funding
London-based insurtech startup hyperexponential has raised $73 million in Series B funding, led by Battery Ventures with participation from Andreessen Horowitz (a16z) and Highland Europe
The company, founded in 2017, offers mathematical modeling software for the commercial insurance sector, helping insurers accurately assess risks in today's challenging environment
hyperexponential has grown sales tenfold since its Series A round and remains profitable.
ProblemTechnology
"Traditional insurance pricing models are outdated and can't accurately assess risks posed by climate change, geopolitical unrest, and cyberterrorism."
Solution
"Hyperexponential provides mathematical modeling software that helps insurers accurately assess risks and price policies more effectively."