Delos Insurance Solutions, a San Francisco, CA-based insurtech company, raised further $9M in funding.
The round was led by HSBC Asset Management and included IA Capital Group, Blue Bear Capital and Generation Space along with angel investors.
The company intends to use the funds to expand operations, its business reach to other states and its development efforts.
Led by CEO Kevin Stein, Delos uses technology to offer insurance protection to homeowners in communities abandoned by other insurers because of wildfire risk. Founded in 2017, the company uses satellite imagery and artificial intelligence to identify insurable homes within territories deemed too risky by the rest of the insurance market. Delos is a Managing General Agent (MGA) offering policies on behalf of insurance carriers rated ‘A’ by AM Best. It currently writes $40bn in total insurance value.
FinSMEs
01/11/2024