Munich Re Ventures is the venture capital arm of Munich Re Group, investing in startups transforming the future of risk and risk transfer.
Portfolio
2
companies
AUM
£1000M
under management
FloodFlash
FloodFlash provides parametric flood insurance that pays out rapidly through connected sensors.
Bought By Many
Bought By Many provides digital pet insurance policies for cats and dogs.
Ben Bergsma
Investment Principal
Buoyant Ventures led the Series A round to fund international expansion and close the flood protection gap.
"This investment is an endorsement of our parametric cover and how we’re using it to solve real-world issues. The group of investors for the round couldn’t be better tailored to supporting our efforts in solving the issues around underinsurance in the face of climate change."
FTV Capital led the £78.4m growth equity round with backing from existing investors to support new market entries and product development.
"We’re delighted to close this round with the full support of our investors. This investment gives us the opportunity to look ahead, create more jobs and provide the insurance pet owners care about for years to come."
