The Demex Group, a Washington, DC-based risk analytics and intelligence company, raised $10.25M in funding.
The round consisted of a Series A and a SAFE funding round, led by Congruent Ventures and included Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by President and CEO Bill Clark, Demex is an independent data and analytics company that partners with reinsurance brokers, insurers, and reinsurers to solve the rising challenge of frequent property losses from secondary perils. It models loss accumulation based on weather and claims data, informed by climate research, and provides parametric stop-loss solutions that meet the needs of insurers and reinsurers.
FinSMEs
05/09/2024