Descartes Underwriting

InsuranceSeries BParis, Francedescartesunderwriting.com

Latest round

Series B

Last raised

Jun 2025

Total raised

$141M

Investors

8

About Descartes Underwriting

Founded in 2018 in Paris, France, Descartes Underwriting SAS focuses on providing innovative insurance solutions. The company was established by Sebastien Piguet and Tanguy Touffut, who serves as CEO. Descartes Underwriting specializes in offering parametric insurance solutions designed to address climate, cyber, and emerging risks. Their core product offerings leverage a data-driven approach that utilizes advanced risk modeling techniques, machine learning, and real-time monitoring, primarily from satellite imagery and IoT data. These products pay out based on predefined triggering events rather than actual incurred losses, allowing clients to access funds quickly and without the need for lengthy claims processes. Descartes' target clientele includes corporate and public sector clients across various industries, such as agriculture, energy, hospitality, and financial institutions, providing coverage in regions significantly exposed to climate-related risks, such as North America, Europe, and parts of Asia-Pacific. The company's innovative solutions aim to bridge protection gaps left by traditional indemnity insurance, thereby enhancing resilience against natural catastrophes like floods, hurricanes, and cyber threats. Descartes Underwriting generates revenue primarily through its parametric insurance products, structured around agreements with corporate clients and brokers. Clients pay premiums based on customized policies tailored to their specific risk exposures, often involving B2B partnerships. The firm collaborates closely with clients to define payout structures and triggering events, ensuring clarity around coverage and compensation. A typical transaction might involve a corporate client securing coverage against extreme weather events, with predetermined payout amounts triggered by specific weather indices. This approach allows Descartes to offer flexible and competitive pricing structures tailored to the unique needs of each client, thereby facilitating swift financial support in times of crisis.

Who invested in Descartes Underwriting

8 investors across 4 rounds

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Funding rounds

  1. Series B

    Jun 7, 2025

    Amount

    Undisclosed

    Investors

    Locked

  2. Series B

    Jan 30, 2022

    Amount

    $120M

    Investors

    Locked

  3. Series A

    Sep 1, 2020

    Amount

    $19M

    Investors

    Locked

  4. Seed

    Mar 21, 2019

    Amount

    $2.3M

    Investors

    Locked

Questions about Descartes Underwriting

Who invested in Descartes Underwriting?

Descartes Underwriting has 8 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Descartes Underwriting raised?

Descartes Underwriting has raised 4 venture rounds. Sign up free to see how much each round raised and the total.

When did Descartes Underwriting last raise money?

Descartes Underwriting's most recent round on record is a Series B, in Jun 2025.

What does Descartes Underwriting do?

Founded in 2018 in Paris, France, Descartes Underwriting SAS focuses on providing innovative insurance solutions.

Where is Descartes Underwriting headquartered?

Descartes Underwriting is headquartered in Paris, France.

Which VCs invest in companies like Descartes Underwriting?

Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, Mouro Capital and HV Capital back insurance companies at Descartes Underwriting's stage. Their profiles are linked below.

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