Vesttoo completes $80m Series C financing round

Vesttoo, a technology-driven global insurance risk transfer platform with a Bermuda-based collateralized insurer, has completed a $80 million Series C financing round co-led by Mouro Capital and a private equity fund, valuing the company at $1 billion.

US-based bulge-bracket investment bank Gramercy Ventures, Black River Ventures and Hanaco Ventures also participated in the round.

The Series C comes less than a year after Mouro Capital led Vesttoo's Series B round with participation from MS&AD Holdings. Hanaco Ventures led the Series A round in August 2021. Since then, Vesttoo has further developed its AI-based marketplace, the Company's data-driven platform that facilitates the investment of new sources of capital in the insurance market. Investors benefit by accessing a low-volatility risk class uncorrelated to financial markets.

"Our clients and equity partners understand the Vesttoo vision and the opportunity we provide," said Yaniv Bertele, CEO of Vesttoo. "In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability, thanks to our compelling value proposition. Our AI-based marketplace is set to propel the insurance industry forward by better connecting risk to capital sourced from global investors."

The company has rapidly expanded its global operations in the past year, hiring professionals in London, Hong Kong, Seoul, Dubai and Tokyo, as well as growing its New York and Tel Aviv bases, establishing a Bermuda-based collateralized insurer, and hiring senior talent to bolster its executive leadership team.