Apr 30, 2024
Arbol, a US-based parametric insurtech company, has secured $60 million in its Series B funding round. This round was co-led by Giant Ventures and Opera Tech Ventures, with additional participation from Mubadala Capital.
The funding will be utilized to accelerate Arbol's growth in the agriculture and renewable energy sectors, as well as to expand its global presence in property and casualty and home insurance sectors.
Founded by Sid Jha, Arbol focuses on making climate risk a tangible, investable asset class through the use of parametric insurance products. These products use objective loss triggers, such as specific rainfall amounts or temperature thresholds, to replace traditional manual damage assessments by claims adjusters. This approach ensures faster and more accurate insurance payouts.
Arbol's technology ecosystem includes automated structuring, AI-powered underwriting, pricing tools, and platforms for agents and brokers. By integrating this technology with flexible risk capital, Arbol can underwrite custom solutions for various clients. The company plans to deepen collaborations with financial institutions, particularly banks, to address climate-related risks affecting their operations and clients.
About Arbol:
Arbol is dedicated to revolutionizing the insurance industry through parametric insurance products. By leveraging global datasets for objective loss triggers, Arbol ensures efficient and reliable insurance payouts. The company's technology ecosystem and flexible risk capital enable it to offer custom insurance solutions for various sectors, including agriculture and renewable energy. Arbol's recent funding will support its mission to normalize parametric financial products and expand its global reach.
Website: https://www.arbol.io/
Twitter Account: @ArbolMarket
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Investor Profile:
Investor: Giant Ventures
Description: Giant Ventures is an investment firm that backs innovative technology companies. The firm supports projects that address significant global challenges, focusing on sustainability and technological advancement.
Giant backs purpose-driven technology founders solving the world’s biggest challenges and champion entrepreneurs creating a more sustainable, equitable, and resilient planet.
Giant Ventures is a multi-stage, thesis-driven firm seeking systemic change across Climate, Health and Inclusive Capitalism.
Location: United States
Website: https://www.giant.vc/
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