The Demex Group raised $10.25 million in a Series A funding round led by Congruent Ventures to address the growing demand for its innovative weather-related reinsurance solutions.
Amount Raised
$10.3 Million
Round Type
Series A
WashingtonInformation TechnologySustainabilityFinancial ServicesSoftwareAnalyticsInsuranceInvestors
Description
The Demex Group has successfully raised $10.25 million through a Series A funding round led by Congruent Ventures. The investment aims to enhance its parametric reinsurance solutions that tackle severe storm-related losses amid increasing climate change impacts.
Quick answer
The Demex Group raised $10.3 Million in a Series A round, dated September 5, 2024. Investors: Blue Bear Capital, Meta Prop, Moxxie Ventures and Congruent Ventures. The Demex Group is based in Washington, District Of Columbia, United States.
- How much did The Demex Group raise?
- The Demex Group raised $10.3 Million in a Series A round on September 5, 2024.
- Who invested in The Demex Group?
- Blue Bear Capital, Meta Prop, Moxxie Ventures and Congruent Ventures are named as investors in this round.
- What does The Demex Group do?
- Demex is an independent data and analytics company that partners with reinsurance brokers, insurers, and reinsurers to solve the rising challenge of frequent property losses from secondary perils.
- Where is The Demex Group based and how big is it?
- The Demex Group is based in Washington, District Of Columbia, United States. Fundz records about 27 employees.
- Who are the decision-makers at The Demex Group?
- Fundz holds 1 contact at The Demex Group. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Sustainability and Financial Services around the same time
Companies in the same sectors as The Demex Group that raised within 45 days of this round, from Fundz verified event records.
- Beeline Holdings raised $56M on October 7, 2024.
- Desia raised $3.3M (Pre-Seed) on September 25, 2024.
- MyFO raised $3.5M (Seed) on October 18, 2024.
- Edgee raised $2.9M (Pre-Seed) on October 17, 2024.
- Onesurance raised an undisclosed amount (Seed) on October 17, 2024.
- Asaas raised $110M on October 17, 2024.
Who to call at The Demex Group, and when
A new round usually means The Demex Group is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day The Demex Group raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at The Demex Group, from your own LinkedIn network
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Funding Insights
What this usually meansThe Demex Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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