Supercede secures $15m in Series A funding to scale its reinsurance platform
The London-based reinsurance technology platform secured the Series A round led by Alven.
≈ £11.9M at $1 = £0.7906 on 28 Jun 2024
Supercede provides a specialist technology platform that automates and optimises the reinsurance process for buyers, brokers, and underwriters.
Supercede has secured $15m in a Series A funding round led by Alven, with participation from Mundi Ventures, Outward, Seedcamp, MMC Ventures, and AFG Partners. The London-based company provides a technology platform designed to automate and streamline the reinsurance process for industry professionals.
The newly raised capital will be directed towards expanding the team and attracting specialist talent to further develop the platform and scale operational capabilities.
From the founder
"This investment is reflective of the incredible support Supercede has received from a global community of buyers, brokers, and underwriters determined to bring better data and technology to the reinsurance industry. We are responding to their call to action, and with these funds will scale our capabilities to ensure our platform remains the top choice for reinsurance buying teams."
Ben Rose
President and Co-Founder at Supercede
Investor perspective
"Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry. It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector."
Margaux Gregoir
Principal, Alven
Use of funds
- 01Grow the team
- 02Continue product development
