CommerzVentures is the corporate venture capital arm of Germany's Commerzbank.
Octopus Ventures led the Series B round to support expansion into new vehicle segments and international markets.
"At Flock, we believe that insurers should help customers save time, money, and even lives. With our radically different insurance model, enabled by an immense amount of data, we hope to actively reduce the number of people needlessly killed or injured on the road."
CommerzVentures led the Series A round with participation from Carbide Ventures, Massive, Nauta Capital, and Notion Capital.
"Cledara is a result of my life-long desire to start a company that focussed on helping people"
CommerzVentures and A/O PropTech led the seed financing to support product expansion and service growing customer demand.
"Accurately quantifying exposure to climate risk is now an economic, statutory, and moral necessity. Without concerted action, extreme weather events have the potential to cost trillions of dollars to the global economy. The built world will bear the brunt of this. Climate X’s platform gives a range of actors across many industries the tools they need to understand, assess, predict and report the exposure of their physical assets to ecological challenges – and in doing so enable them to start planning and investing accordingly to reduce future losses and pain."
AlbionVC led the follow-on investment alongside new participant CommerzVentures to support product development and international growth.
"Currently payments are a one-way street"
CommerzVentures has provided a £4.8m investment to support the specialty analytics insurtech.
"Our passion lies in helping fintech and insurtech companies to succeed. We believe Concirrus has the best solution to manage risk in the marine insurance industry. Ultimately, it will serve insurance carriers in a variety of supply chain industries. The team combines deep industry experience and technology expertise. We believe that Concirrus is on a very exciting growth journey and we’re very much looking forward to being part of it."
