Vesttoo, a Tel Aviv, Israel-based Alternative Reinsurance and Investment platform, raised $6m in Series A funding.
The round was led by Hanaco Ventures.
The company intends to use the funds to further develop its offerings.
Led by Yaniv Bertele, CEO, Vesttoo is a marketplace for non-catastrophe insurance-based risk transfer and investments. Its proprietary AI-based technology facilitates risk transfer between insurance companies and institutional investors, providing insurance-linked investments to asset managers of all types, while enhancing risk transfer and liquidity in the Life and P&C insurance markets.
The founding team include Bertele, Alon Lifshitz, Chief Product Officer, and Ben Zickel, Chief Technological Officer.
FinSMEs
10/08/2021