Hyperexponential secures £57.3m Series B funding led by Battery Ventures for US expansion
Battery Ventures led the financing round, with participation from a16z and Highland Europe.
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.
Hyperexponential has secured £57.3m in Series B funding to accelerate its expansion into the United States and scale its product capabilities. Battery Ventures led the financing round, with participation from Silicon Valley investor a16z and existing backer Highland Europe. The company plans to open a New York office and double its global workforce over the coming year.
The London-based software provider has grown rapidly since its Series A round in 2021, increasing sales tenfold while maintaining profitability. Its flagship platform, hx Renew, serves major insurers such as Aviva, HDI, and Conduit Re by modernising risk pricing methodologies in response to shifting global threats.
From the founder
"We've focused on building a capital-efficient, independent business that was both high-growth and sustainable from the outset. Although we have more cash-on-hand than we've raised, we wanted to bring on new expertise in our target markets as we continue our growth into new verticals and geographies. We are delighted to have attracted a world-class set of investors who bring an unparalleled combination of experience, expertise, and support to hyperexponential in the next phase of our expansion."
Amrit Santhirasenan
CEO at Hyperexponential
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Grow the team
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About the company
Hyperexponential
Hyperexponential builds pricing decision intelligence software for the insurance industry.