Vesttoo raises $80 million

Global insurance risk transfer platform Vesttoo announced an $80 million Series C financing round co-led by Mouro Capital and a private equity fund, valuing the company at $1 billion. A US-based bulge-bracket investment bank, Gramercy Ventures, Black River Ventures and Hanaco Ventures also participated in the round.

Founded in 2018, Vesttoo operates a marketplace for non-catastrophe insurance-based risk transfer and investments. The platform facilitates risk transfer between insurance companies and institutional investors, providing insurance-linked investments to asset managers of all types, while enhancing risk transfer and liquidity in the Life and P&C insurance markets.

“Our clients and equity partners understand the Vesttoo vision and the opportunity we provide. In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability, thanks to our compelling value proposition. Our AI-based marketplace is set to propel the insurance industry forward by better connecting risk to capital sourced from global investors.” – Yaniv Bertele, CEO of Vesttoo.

“Vesttoo has built a unique marketplace, proven by robust market demand and the Company’s impressive growth trajectory. We are thrilled to double down on our partnership with Vesttoo as they continue to scale in a market ripe for innovation.” – Chris Gottschalk, general partner at Mouro Capital.