- London-based Supercede secures €14M funding led by Alven in Series A round
- Funds to be used for team expansion, talent acquisition, and platform development
- Supercede aims to revolutionize reinsurance industry through automation and optimization
- Alven and Mundi Ventures express confidence in Supercede’s growth and potential
- Supercede’s platform enhances data management, decision-making, and operational efficiency
London Supercede Secures €14M Funding for Reinsurance Technology Platform
In a significant development for the reinsurance industry, London-based Supercede has successfully secured €14M in funding for its innovative reinsurance technology platform. This funding, obtained through a Series A round led by Alven, signifies a major milestone for the UK company as it aims to further enhance its platform and expand its operations.
Background of Supercede and the Funding Round
Supercede, founded in 2019 by Jerad Leigh, Jezen Thomas, and Ben Rose, has quickly made a mark in the reinsurance sector by offering a platform that automates and optimizes the reinsurance process. This technology enables better risk management, coverage, and pricing outcomes, ultimately benefiting insurers, brokers, and reinsurers worldwide.
The recent funding round, with participation from investors like Mundi Ventures, Outward, Seedcamp, MMC Ventures, and AFG Partners, in addition to lead investor Alven, highlights the industry’s confidence in Supercede’s vision and capabilities. The company plans to utilize the funds to expand its team and attract top talent to drive further development and implementation of its platform.
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Impact of the Funding on Supercede’s Growth and Vision
Jerad Leigh, CEO and co-founder of Supercede, expressed the transformative power of the platform, emphasizing that the funding accelerates their ability to deliver value to clients and solidifies their position as a key player in the global reinsurance market. The company’s goal of becoming the go-to operating system for reinsurance is now closer to realization with the support of investors and the global reinsurance community.
The investment also reflects the strong backing Supercede has received from stakeholders within the industry who are keen on leveraging data and technology to drive advancements in reinsurance practices. This funding will enable Supercede to scale its capabilities and ensure that its platform remains the preferred choice for reinsurance buying teams seeking efficiency and profitability.
Investor Perspectives and Industry Recognition
Alven, the lead investor in the funding round, sees Supercede’s growth trajectory as a result of innovative solutions combined with domain expertise. The venture capital firm believes in Supercede’s vision and is committed to supporting the company in becoming a dominant force in reinsurance technology. Similarly, Mundi Ventures recognizes Supercede’s potential to set new industry standards and transform the reinsurance landscape with its cutting-edge platform.
The endorsements from investors like Alven and Mundi Ventures underscore the industry’s confidence in Supercede’s capabilities and the value it brings to the reinsurance market. With a focus on innovation, strategic decision-making, and operational agility, Supercede is well-positioned to drive positive change in the sector and establish itself as a leader in reinsurance technology.
The successful funding round of €14M for Supercede represents a significant milestone in the company’s journey towards reshaping the reinsurance industry. With a strong vision, innovative technology, and solid investor backing, Supercede is poised to make a lasting impact and drive positive transformation within the global reinsurance market.
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