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.

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…

InRisk Labs will use this funding round to deepen its insurance capabilities across multiple segments.