Chelsea Avondale
Latest round
- Series C
Last raised
- May 2023
Total raised
- Undisclosed
Investors
- 2
About Chelsea Avondale
Based in Canada, and founded in 2016, Chelsea Avondale Ltd operates as a home insurance company that offers risk technology for property and casualty insurance and develops scientific risk models. In May 2023, Chelsea Avondale Ltd. The firm offers Skynet which is a risk technology for property and casualty insurance for underwriting personal property risk. It provides scientific research and computer engineering services and develops software systems for evaluating and pricing property insurance risk live at the point of sale. It also offers insurance underwriting and portfolio management services through software. The organization generates revenue by selling its Scientific Underwriting technology and risk-pricing solutions to insurers in the property & casualty (P&C) market. Its proprietary system, Skynet, provides risk assessment models that enable insurers to price policies more accurately, reduce loss ratios, and optimize portfolio construction. Revenue likely comes from a mix of licensing fees, usage-based or subscription fees for access to the platform, and partnership agreements where insurers pay for improved underwriting performance. By delivering superior risk-engineering tools and measurable underwriting accuracy, the company monetizes its advanced scientific and data-driven methodologies.
Who invested in Chelsea Avondale
2 investors across 1 round
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Funding rounds
Series C
May 23, 2023
Amount
Undisclosed
Investors
Questions about Chelsea Avondale
Who invested in Chelsea Avondale?
Chelsea Avondale has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Chelsea Avondale raised?
Chelsea Avondale has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Chelsea Avondale last raise money?
Chelsea Avondale's most recent round on record is a Series C, in May 2023.
What does Chelsea Avondale do?
Based in Canada, and founded in 2016, Chelsea Avondale Ltd operates as a home insurance company that offers risk technology for property and casualty insurance and develops scientific risk models.
Where is Chelsea Avondale headquartered?
Chelsea Avondale is headquartered in Toronto, Canada.
Which VCs invest in companies like Chelsea Avondale?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Chelsea Avondale's stage. Their profiles are linked below.
VCs backing insurance startups at Series C
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