BirdsEyeView secures a seven-figure investment led by the European Space Agency to accelerate market expansion and product development.
The funding round was led by the European Space Agency, alongside Big 5 Investors, InsurTech NY and ACF Investors.
BirdsEyeView is an insurtech startup that combines artificial intelligence and climate data to provide catastrophe modelling for insurers. The company helps firms automate underwriting and manage climate risk.
London based insurtech startup BirdsEyeView has secured a seven-figure investment round led by the European Space Agency, alongside Big 5 Investors, InsurTech NY and ACF Investors. The company will direct the new capital towards expanding its footprint in the UK and US markets. In addition, the funds will support the ongoing development of its proprietary RAPTOR technology, which automates underwriting and enhances natural catastrophe modelling for insurers. This financing follows a period of commercial expansion since the product launch last year, supported by strategic partnerships with major global insurers and brokers.
From the founder
"This capital injection will be used to fuel growth in the London and US Property and Casualty markets, and to accelerate the development of our Exposure Management and natural catastrophe modelling capabilities. This progress will be critical for improving the speed and quality of underwriters risk selection and exposure management — critical considering the increasing frequency and severity of global climate change-induced natural disasters."
James Rendell
CEO and Founder at BirdsEyeView
Investor perspective
"We’re delighted to be a part of BirdsEyeView’s remarkable journey towards reshaping the sophistication and efficiency of the insurance industry. James and the team are delivering solutions that bring big benefits to insurers and their clients alike and overall add to the resilience of the market. BirdsEyeView’s RAPTOR™ technology in particular offers a vital tool in addressing the growing challenges posed by climate-induced risks."
Tim Mills
Managing Partner, ACF Investors
Use of funds
- 01Expand into international markets
- 02Continue product development
Investors
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About the company
BirdsEyeView
BirdsEyeView provides high speed natural catastrophe modelling for insurers using artificial intelligence and climate data.