InRisk Labs Raises USD 27 Million in Series A Funding
Series A round co-led by Bessemer Venture Partners and Northpoint Capital, alongside IFSCA approval for subsidiary EarthRe's reinsurance licence.
InRisk Labs, a technology-led risk and reinsurance platform, today announced that it has raised USD 27 million in a Series A funding round co-led by existing investor Bessemer Venture Partners and Northpoint Capital.
The Series A capital will be used to deepen the group's underwriting, actuarial, catastrophe-modelling and AI capabilities; expand its coverage across NAT CAT and climate risk, as well as other non-life segments such as marine cargo and motor; accelerate the development of parametric and structured reinsurance products; and support the regulatory capital required to scale EarthRe's operations in India's USD 10 billion reinsurance market.