Floodbase, a NYC-based provider of a parametric platform for insuring uncovered flood risk, raised $5M in funding.
The round was led by Ecosystem Integrity Fund (EIF) with participation from Pulse Fund.
The company intends to use the funds to accelerate the development of its flood insurance programs.
Led by CEO Bessie Schwarz, Floodbase is a parametric platform for insuring uncovered flood risk. The solution continuously monitors flooding worldwide to allow re/insurers, including Swiss Re Corporate Solutions, Liberty Mutual Re, and AXA Climate, to cover large corporate and public sector clients against previously uninsurable economic loss from flooding.
Floodbase also supports FEMA, the UN, The New York Times, and others to identify and respond to major events.
FinSMEs
25/02/2025