Tech Company Financing Transactions
Demex Funding Round
Demex closed a $10.3 million Series A financing round on 9/6/2024. Investors included Congruent Ventures, Blue Bear Capital and MetaProp NYC.
Transaction Overview
Company Name
Announced On
9/6/2024
Transaction Type
Venture Equity
Amount
$10,250,000
Round
Series A
Investors
Proceeds Purpose
Demex partners reinsurance brokers and companies to offer coverage that activates once losses exceed a predetermined threshold.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
1100 15th Street North West 400
Washington, DC 20005
USA
Washington, DC 20005
USA
Phone
Website
Email Address
Overview
Demex designs risk management solutions at the hyper-local level for insurers and companies with exposure to non-catastrophic but extreme weather. Our team specializes in building innovative, customized solutions including Operational Climate Risk Coverage and Retained Climate Risk Reinsurance. Financial losses from non-catastrophic extreme weather events have increased five-fold since 1980. Demex's innovative solutions calibrate customer financials to localized extreme weather. Our risk management strategies minimize underwriting losses for insurers and achieve budget stability for corporates.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bill Clark
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