London-based Supercede, a provider of a reinsurance technology platform, on Thursday, June 27 announced that it has secured $15M (approximately €14M) in a Series A funding round led by Alven.
Others, including Mundi Ventures, as well as existing investors Outward, Seedcamp, MMC Ventures, and AFG Partners, also participated in the round.
The UK company will use the funds to expand its team and hire top-tier talent to enhance platform development and implementation.
“Securing this funding is a testament to the transformative power of our platform. We are not just building a company; we are shaping the future of reinsurance. This investment accelerates our ability to deliver unparalleled value to our clients and drives us closer to our goal of becoming the indispensable operating system for the global reinsurance market,” says Jerad Leigh, CEO and co-founder of Supercede.
Ben Rose, president and co-founder, adds, “This investment is reflective of the incredible support Supercede has received from a global community of buyers, brokers, and underwriters determined to bring better data and technology to the reinsurance industry. We are responding to their call to action, and with these funds will scale our capabilities to ensure our platform remains the top choice for reinsurance buying teams.”
Supercede: Reinsurance technology platform
Founded in 2019 by Jerad Leigh, Jezen Thomas, and Ben Rose, Supercede automates and optimises the reinsurance process, allowing for better risk management, coverage, and pricing outcomes.
Supercede represents over 140 member companies globally, including insurers, brokers, and reinsurers. Its platform enhances data preparation and deal management, making reinsurance teams more effective and profitable.
The UK company enables real-time strategic decision-making, improving workflow efficiency, data accuracy, and operational agility.
What do the investors have to say?
Alven is a venture capital firm with over $500M under management. They support European startups at the early stages to help them succeed globally.
The VC focus areas include marketplaces, productivity tools, AI platforms, social and entertainment, financial services, and wellness brands.
“Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry. It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector,” says Margaux Gregoir, Principal at Alven.
Mundi Ventures is a global venture capital firm that invests in early and growth-stage technology ventures.
The company focuses on insurtech/insurance-adjacent technology, fintech, enterprise tech, and new ventures built by (and serving) the global Spanish-speaking diaspora.
“Supercede is transforming the reinsurance industry with its cutting-edge platform. Our investment underscores our confidence in their potential to set new industry standards,” says Faisal Al-Hussein, Principal of Mundi Ventures.