Balance Re, a London UK and Cologne, Germany-based life reinsurance startup, raised $10M in Series A funding.
The round was led by Anthemis Group, with participation from Global Brain, Roland Berger Industries GmbH and Talabot Finance.
The company intends to use the funds to further to support its recently licensed, Cologne- based German reinsurance company.
Led by two founders Lucian Rautu and Michel Gauer, Balance Re provides comprehensive reinsurance solutions to life insurance companies and pension funds to support capital management related to their retirement and savings products. Its technology and data-driven approach enables its clients to free up capital to finance their growth, support product repositioning and improve (or regain) competitive advantage.