Demex Group raises US$10.25mn to offer parametric solutions aimed at mitigating growing reinsurance losses caused by convective storms and climate change
The Demex Group, a risk analytics and intelligence company specialising in stop-loss reinsurance protection, has raised US$10.25mn in a Series A funding round led by Congruent Ventures. The investment, which includes a previously closed SAFE round, also saw participation from Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.