Tech Company Financing Transactions
hyperexponential Funding Round
On 1/11/2024, hyperexponential received $73 million in Series B financing from Battery Ventures, Andreessen Horowitz and Highland Europe.
Transaction Overview
Company Name
Announced On
1/11/2024
Transaction Type
Venture Equity
Amount
$73,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to expand into the United States, as it targets opening its New York office this year, increase investment in new product capabilities to serve growing client demand in adjacent insurance markets, including the SME insurance sector, and plan to double its global team to over 200 in the next year.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
Fifth Floor Suite 23, 63/66 Hatton Garden
London, EC1N 8LE
UK
London, EC1N 8LE
UK
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Pricing decisions are the biggest decisions insurers make -- but most are still pricing 21st century risks with 20th century tools. With a combined 30 years of experience designing pricing and analytics ecosystems in the insurance industry, our co-founders saw an opportunity to transform the market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amrit Santhirasenan
Co-Founder
Michael Johnson
VP - Finance
Kate Isaac
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About Database of VC Transactions
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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