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FloodFlash, a London-based insurtech company that provides parametric flood insurance to the mass market, announced that it has raised a $15M (approx €13.1M) funding in Series A round.
The finance round was led by Buoyant Ventures along with Munich Re Ventures.
Other investors like Sony Financial Ventures/Global Brain, MS&AD Ventures, and PropTech1 participated in the round with existing investors Pentech, Local Globe, and Insurtech Gateway.
Fund utilisation
The capital injection comes three months after the company announced a new insurance capacity partnership with Munich Re, a provider of reinsurance, primary insurance, and insurance-related risk solutions.