The seed round was backed by Episode 1 Ventures, MMC Ventures and Seedcamp to support team expansion and product development.
"We are excited to be partnering with leading venture capital firms to create the placing experience the reinsurance community has dreamt of for decades. Paired with Riskbook's win-win-win philosophy, this new funding cements our role as a trusted independent provider to cedents, brokers and reinsurers alike."
Beringea led the seed investment round to support platform development and commercial expansion.
"We are delighted that Beringea have joined us on our journey to help our customers maximise their social value. Their investment will allow us to develop our ground-breaking platform to the next level of growth and success, opening up new markets and new opportunities."
Beech Tree Private Equity has backed Transparity Solutions in a seed round to accelerate organic growth and strategic acquisitions.
"In today’s evolving environment, our customers need us and the tools we specialise in more than ever, supporting organisations through COVID and beyond in a sustainable way is essential for us to focus on."
The Glasgow technology firm secured £3.6m led by FNZ to prepare for its commercial launch.
"Our personal experiences are what led to us to establish Exizent. We believe the administrative tasks facing families after the death of a loved one should be far easier, and that modern technology solutions and services can make this a reality."