SynopsisClimate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint Capital, while its subsidiary EarthRe Insurance IFSC has received a final reinsurance licence from the International Financial Services Centres Authority (IFSCA). The transaction values the group at around $70 million, cofounder Siddesh Ramasubramanian told ET.Climate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint Capital, while its subsidiary EarthRe Insurance IFSC has received a final reinsurance licence from the International Financial Services Centres Authority (IFSCA).The transaction values the group at around $70 million, cofounder Siddesh Ramasubramanian told ET.Most of the proceeds will be used to capitaliseNow Playing
Climate tech startup InRisk raises $27 million from Bessemer, others - The Economic Times
Climate tech startup InRisk Labs has raised $27 million in a round co-led by Bessemer Venture Partners and Sameer Brij Verma’s Northpoint Capital, while its subsidiary EarthRe Insurance IFSC has received a final reinsurance licence from the International Financial Services Centres Authority (IFSCA). The transaction values the group at around $70 million, cofounder Siddesh Ramasubramanian told ET.
TL;DRAI
InRisk Labs raised $27M from Bessemer and Northpoint; EarthRe subsidiary secured reinsurance license at $70M valuation. Climate risk quantification through regulated insurance validates institutional demand for software-driven underwriting governance.
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