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Funding
Supercede raises USD 15 million in Series A funding to add new technology and recruitment
InsurTech: Infrastructure
Jun 27, 2024
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InsurTech: Infrastructure

InsurTech: Infrastructure

Jun 27, 2024

Supercede raises USD 15 million in Series A funding to add new technology and recruitment

Funding

  • Supercede, a reinsurance tech company, has raised USD 15 million in Series A financing. The investment round was spearheaded by Alven and supported by Mundi Ventures, in addition to a group of existing investors, including Outward, Seedcamp, MMC Ventures, and AFG Partners. The company's total funds raised now stand at USD 21.2 million.

  • The funds procured will be directed toward the company's ambition to revolutionize the reinsurance sector with advanced technology. The funding will also allow Supercede to expand its team by bringing in high-level professionals for platform development and application.

  • Supercede has reported an over 500% revenue surge within the past year. Its platform now boasts more than 140 global companies, encompassing insurers, brokers, and reinsurers.

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