Vesttoo, a Tel Aviv, Israel-based Alternative Reinsurance and Investment platform, raised $15M in Series B funding.
The round was led by Mouro Capital, and MS&AD Ventures.
Led by Yaniv Bertele, CEO, Vesttoo provides a marketplace for Life and P&C 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 capacity in the Life and P&C insurance markets.
The company intends to use the funds to expand its Insurance-Linked Program (ILP) offering, an innovative security-based investment portfolio, as well as a digital marketplace for insurance-based risk transfer and investments.
Vesttoo’s founding team include Bertele, Alon Lifshitz, Chief Product Officer, and Ben Zickel, Chief Technological Officer.