Supercede bags $15m funding to ‘transform’ reinsurance with next-gen tech
Insurtech Supercede has secured $15 million in funding, which it claims will help the company “transform the reinsurance market through next-generation technology”.
Supercede has completed a $15 million Series A funding round, led by Alven with contributions from Mundi Ventures and existing investors Outward, Seedcamp, MMC Ventures, and AFG Partners.
Supercede’s platform is designed to automate and optimise the reinsurance process. It aims to enable real-time decision-making and improve workflow efficiency and data accuracy.
Jerad Leigh (pictured right), chief executive officer and co-founder of Supercede, said: “Securing this funding is a testament to the transformative power of our platform. We are not just building a company; we are shaping the future of reinsurance. This investment accelerates our ability to deliver unparalleled value to our clients and drives us closer to our goal of becoming the indispensable operating system for the global reinsurance market.”
Ben Rose (centered), president and co-founder, Supercede, added: "This investment is reflective of the incredible support Supercede has received from a global community of buyers, brokers and underwriters determined to bring better data and technology to the reinsurance industry. We are responding to their call to action, and with these funds will scale our capabilities to ensure our platform remains the top choice for reinsurance buying teams.”
Margaux Gregoir, principal at Alven Capital, commented: “Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry. It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector.”
Faisal Al-Hussein, principal of Mundi Ventures, said: “Supercede is transforming the reinsurance industry with its cutting-edge platform. Our investment underscores our confidence in their potential to set new industry standards.”
Ivan Ong, partner at AFG Partners, said: “Supercede is uniquely positioned to dominate the reinsurance technology space. Their vision, combined with their relentless execution, is a game-changer for the industry.”
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