FloodFlash secures $15m Series A investment led by Buoyant Ventures
Buoyant Ventures led the Series A round to fund international expansion and close the flood protection gap.
FloodFlash provides parametric insurance technology designed to settle catastrophic flood claims rapidly. The firm combines computer models with connected sensors to offer cover for underserved markets.
Parametric insurance technology provider FloodFlash has raised a $15m Series A round led by Chicago-based Buoyant Ventures. The capital will support the company as it targets international expansion into markets including the US, Germany, Australia, and Japan.
Participation in the round came from Munich Re Ventures, Sony Financial Ventures, MS&AD Ventures, and PropTech1, alongside existing backers Pentech, Local Globe, and Insurtech Gateway. The raise follows a recent capacity partnership between FloodFlash and Munich Re.
Founded in 2019, FloodFlash aims to address the global flood protection gap through sensor-driven policies that provide rapid claims settlements. The firm intends to scale its operations internationally to counter growing climate risks.
From the founder
"This investment is an endorsement of our parametric cover and how we’re using it to solve real-world issues. The group of investors for the round couldn’t be better tailored to supporting our efforts in solving the issues around underinsurance in the face of climate change."
Adam Rimmer
CEO at FloodFlash
Investor perspective
"Real solutions are needed to address flood risk in the communities on the front lines of climate change,"
Amy Francetic
Partner, Buoyant Ventures
Use of funds
- 01Expand into international markets
Investors
Amy Francetic
Buoyant Ventures
Ben Bergsma
Munich Re Ventures
Sony Financial Ventures
MS&AD Ventures
PropTech1
Pentech
Local Globe
Insurtech Gateway
Categories
About the company
FloodFlash
FloodFlash provides parametric flood insurance that pays out rapidly through connected sensors.