BirdsEyeView secures seed investment led by SFC Capital
The insurtech startup has raised seed funding from SFC Capital and the European Space Agency to develop its technology and grow the team.
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.
Insurtech startup BirdsEyeView has secured a seed funding round led by SFC Capital, with additional backing matched by the European Space Agency. The company utilises satellite data to build parametric insurance solutions designed to protect smaller businesses against severe weather events.
The newly acquired capital will be directed towards team expansion, technological advancement of the platform, and matching the funds provided by the European Space Agency. The development focuses on enhancing the firm's algorithmic underwriting engine to serve sectors such as event organisation that face climate-related risks.
Investor perspective
"The insurance industry is changing and adapting to the world as it evolves. Climate change is a challenge for many industries and it is innovative technology like BirdsEyeView that will help the industry to move forward. We are very excited to be a part of BirdsEyeView’s growth journey and look forward to supporting the team in as many ways as possible."
Ed Stevenson
Investment Manager, SFC Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Fund research and development
Investors
Categories
About the company
BirdsEyeView
BirdsEyeView provides high speed natural catastrophe modelling for insurers using artificial intelligence and climate data.