The funding round was led by Molten Ventures to support product development and international growth.
"We are thrilled to have the support of Molten Ventures and Lloyd's, two powerhouses in innovation and insurance, respectively. This investment will accelerate our ability to build sophisticated risk models for the renewable energy sector, empowering stakeholders to navigate the complex challenges of disaster risk with confidence."
Explorer Investments led the seed round to support product development and international growth.
"We are thrilled to announce the successful closing of our funding round. This investment will enable us to further develop our AI-powered insurance validation platform and empower contractors and recruitment companies to achieve seamless insurance compliance and to get their global suppliers and contractors covered instantly. Jove is at the forefront of changing the landscape of how insurance is being quoted and purchased globally. This has never been done before."
The strategic equity funding supports a partnership to modernise employee benefits.
"This marks a pivotal moment for Onsi as we work together with Zurich to reshape the future of employee benefits. We are poised to create a game-changing experience for employers and their workforce. By creating a more personalized and intuitive approach to benefits, we aim to empower individuals to make informed decisions, enhance their financial resilience, and succeed in the rapidly changing future of work."
Lifetime Ventures led the pre-seed round, with backing from SFC Capital, to accelerate product development and key hires.
"I’ve directly seen carbon project investments fall through due to the risk of under-delivery. We need datasets built for early-stage risk modelling, and that’s what we are building to power our insurance products."
Equistone Partners Europe has taken a minority stake in QuestGates to support its ongoing organic and acquisitive growth.
"Over the 20 years since incorporation,QuestGates has grown to be a leader in the UK loss adjusting and claims sector. We undertook anextensive review to identify a partner who could provide the capital and support that would allow us tomaintain our growth and continue investing in innovation and service quality. With its long-term approach, track record of supporting UK financial services businesses and cultural alignment around our focus on our customers and staff, Equistone is the right fit as the partner to support the next phase of ourdevelopment."