Skyline Partners raises $1.8 million

Skyline Partners closed a $1.8 million funding round led by West Hill Capital, bringing its total funding to $3.5 million.

Founded in 2017, Skyline Partners focuses on geospatial risk intelligence and event-driven insurance, powered by its technology INSDEX. 

More recently, it announced a partnership with Howden Insurance Brokers and Munich Re to develop a product that protects the Jamaican Co-operative Credit Union League (JCCUL) against non-repayment of micro-loans from farmers in the event of extreme weather.

“This product demonstrates the potential for parametric insurance to take on risk challenges that don’t lend themselves to traditional insurance cover. We look forward to expanding this concept as we work with financial institutions to increase resilience against climate change and natural disasters by combining insurance innovation with technology.” – Laurent Sabatié and Gethin Jones, Co-Founders and Executive Directors, Skyline.

“We are very pleased to have assisted Skyline in raising further development capital. The fundraising enjoyed a high level of support from investors, who are excited by the potential of the company’s proprietary parametric technology, and management’s ability to create a high growth and profitable business in the years ahead.” – Edward Williams, Managing Director of West Hill.

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