Bondaval, a London, UK-based B2B insurtech company, raised $15M in Series A funding.
The round was led by Talis Capital, with participation from Octopus Ventures, Insurtech Gateway, TrueSight, Expa, Talis Capital, FJ Labs, and Broadhaven Ventures. Thomas Williams, General Partner at Talis Capital, will join Bondaval’s board.
The company intends to use the funds to continue building its team, progress its global expansion, expand into additional sectors and use cases for the platform, and invest in its intellectual property.
Founded in London in 2020 by Tom Powell (CEO) and Sam Damoussi, Bondaval gives credit teams the certainty that their receivables will be secured through its technology-enabled and non-cancellable MicroBonds. The company combines credit analysis technology with insurance backing to create a secure, capital-efficient and cost-effective form of receivables protection that can be issued, renewed and claimed-on digitally. Its key offering is its MicroBonds, technology-enabled surety bonds that secure receivables and can be purchased, and managed, through its platform.
The company serves FTSE 100 and S&P 500 companies, including the likes of Shell, BP, Highland Fuels and TACenergy.
FinSMEs
14/12/2022