- The Series C round comes less than a year after Mouro Capital led Vesttoo’s Series B round
- Capital to be used to enhance platform and expand offering to insurers and investors
- Mouro invests in early through growth stage fintech start-ups
Vesttoo, an insurance risk transfer platform, has secured $80 million in Series C funding. The investors include Mouro Capital, Gramercy Ventures, Black River Ventures and Hanaco Ventures.
“In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability, thanks to our compelling value proposition,” Yaniv Bertele, CEO of Vesttoo, said in a statement. “Our AI-based marketplace is set to propel the insurance industry forward by better connecting risk to capital sourced from global investors.”
The Series C comes less than a year after Mouro Capital led Vesttoo’s Series B round with participation from MS&AD Holdings. Hanaco Ventures led the Series A round in August 2021.
Vesttoo plans to use the capital raised to expand its global presence, enhance its marketplace platform and widen its offering to insurers and investors.
Among the company’s partners are well-established global insurers, financial institutions, and large multinational brokers.