Anthemis cultivates change in the financial system by investing in and growing businesses committed to improving financial services. The firm is built on principles of collaboration, diversity, and deep market understanding.
Anthemis and Menlo Ventures led the financing round alongside five new venture capital firms and angel investors.
"We are delighted to have secured the backing of a fantastic range of investors who fully understand the criticality of the service that Insurdata provides to the re/insurance market. Our work to date has exposed material deficiencies in the quality and scope of information which underwriters are reliant upon, which in turn have a detrimental effect on their ability to accurately price risk and manage portfolios effectively."
The investment round was led by Anthemis Group and XTX Ventures.
"We are applying cutting edge quantitative analytics technology to traditional real estate development and investment management, which is crying out for the same type of transformation seen previously in financial markets and other industries. We offer a powerful institutional product which brings clarity and transparency to investment in UK real estate and we want to thank our clients and investors for their continuing support in helping us continue on our mission."
