Supercede, the leading reinsurance technology platform from London, has closed $15 million in Series A funding. This round was led by the French VC Alven (invested in Carbonfact and Neural Concept) with contributions from Mundi Ventures and existing investors Outward, Seedcamp, MMC Ventures, and AFG Partners.
Growth plans ahead
This investment will advance Supercede’s mission to transform the reinsurance sector through next-generation technology. With this new capital, the company plans to expand its team, attracting top-tier talent to enhance platform development and implementation.
Ben Rose, president and co-founder, added, “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.”
Margaux Gregoir, Principal at Alven Capital, commented, “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.”
Faisal Al-Hussein, Principal of Mundi Ventures, added, “Supercede is transforming the reinsurance industry with its cutting-edge platform. Our investment underscores our confidence in their potential to set new industry standards.”
Ivan Ong, Partner at AFG Partners, said, “Supercede is uniquely positioned to dominate the reinsurance technology space. Their vision, combined with their relentless execution, is a game-changer for the industry.”
What does Supercede do?
Founded in 2019 in London by Jerad Leigh, Jezen Thomas, and Ben Rose, Supercede’s platform automates and optimises the reinsurance process, enabling greater risk management, optimised coverage, and enhanced pricing outcomes.
It is touted to be the first e-trading and ecosystem platform built specifically for reinsurance that supports the facilitation of any reinsurance deal. The reinsurance software will automate the creation and validation of submission pack analytics. revolutionises the reinsurance value chain by offering cedents streamlined data preparation, brokers a consolidated deal management platform, and reinsurers access to qualified deals.
Supercede’s platform enables real-time strategic decision-making, vastly improving workflow efficiency, data accuracy, and operational agility. It remains committed to providing unparalleled solutions that drive efficiency and growth for reinsurance professionals globally.
What do we think about Supercede?
The reinsurance technology platform from London’s recent funding improves risk management and operational efficiency. With strong support from prominent investors, the company is well-positioned to revolutionise the reinsurance sector and drive industry standards forward.
