Supercede raises $15 million for its London-based reinsurance technology platform

A Series A fundraising round of fifteen million dollars has been successfully closed by Supercede, a premier reinsurance technology platform based in London. The French venture capital firm Alven, which had previously invested in Carbonfact and Neural Concept, was the driving force behind this round of funding. Mundi Ventures and other current backers Outward, Seedcamp, MMC Ventures, and AFG Partners also made contributions.

The aim of Supercede, which is to revolutionize the reinsurance industry via the application of next-generation technology, will be further by this investment. With this additional funding, the company intends to increase the size of its staff in order to improve platform development and execution by recruiting experts of the highest caliber.

The Principal at Alven Capital, Margaux Gregoir, made the following observation: 'Supercede's impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise. This is the reason why this very special team has an edge in this industry.' When it comes to a market leader, this is precisely what we look for. The path that they are taking to become the preeminent force in the reinsurance technology sector is something that we are delighted to support because we believe in their vision.

According to the claims made, it is the first e-trading and ecosystem platform that was developed particularly for the purpose of reinsurance and that facilitates the facilitation of any reinsurance agreement. An automated process for the production and certification of submission pack analytics will be implemented by the reinsurance software, transforming the reinsurance value chain by providing cedents with a faster data preparation process, brokers with a centralized deal management platform, and reinsurers with access to eligible deals.