Hyperexponential raises £13m in Series A funding led by Highland Europe to accelerate growth
Highland Europe leads a £13m Series A round in insurtech firm Hyperexponential to scale its engineering and commercial teams.
Hyperexponential provides pricing decision intelligence software for property and casualty insurers worldwide. Its platform enables underwriters to process diverse datasets and deploy machine learning models.
London based insurtech Hyperexponential has secured £13m in Series A funding led by growth capital provider Highland Europe. The investment will enable the profitable firm to accelerate its expansion by scaling up product and engineering teams and establishing a dedicated commercial division. The capital supports the continued development of its flagship SaaS pricing platform, Renew.
Founded by former actuaries and software engineers, Hyperexponential provides purpose built tools tailored to the commercial insurance industry. The oversubscribed round reflects strong demand for specialised software within a sector traditionally reliant on legacy financial systems.
From the founder
"The insurance industry is experiencing unprecedented growth, with data and technology being critical strategic drivers. Our software provides the tools that new entrants to the sector need in order to get to market with best-in-class analytics, and the functionality that incumbent insurers require in order to transform."
Amrit Santhirasenan
CEO at Hyperexponential
Investor perspective
"We believe hx offers a unique combination of actuarial expertise and software engineering knowhow that delivers exactly the tools that commercial insurers need as their marketplace continues to evolve and transform. This is a sector that is changing very rapidly and hx has already demonstrated considerable growth; we want to help them bring their cloud-based tools and innovation to even more insurers and insurtech companies."
Laurence Garrett
Partner, Highland Europe
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Investors
Categories
About the company
Hyperexponential
Hyperexponential builds pricing decision intelligence software for the insurance industry.