FloodFlash
Latest round
- Series A
Last raised
- Feb 2022
Total raised
- $18M
Investors
- 10
About FloodFlash
FloodFlash Limited, founded in 2016, is headquartered in London, UK. The company specializes in parametric flood insurance, utilizing IoT-connected sensors and advanced risk modeling. The founders, Adam Rimmer and Ian Bartholomew, brought expertise in insurance technology to the firm.FloodFlash specializes in providing innovative parametric flood insurance solutions tailored for commercial enterprises and public entities that are at heightened risk of flooding. The company's core product offering incorporates a unique blend of proprietary IoT-connected sensors that monitor flood levels and advanced risk modeling to deliver timely and efficient coverage. Unlike traditional insurance, FloodFlash’s parametric approach allows clients to receive payouts triggered by pre-defined flood events, alleviating the uncertainty and delays typically associated with conventional claims processes. By leveraging real-time data, FloodFlash aims to expedite recovery efforts for its clients, which include a diverse portfolio of customers such as former Premier League soccer clubs, utilities, pharmaceutical companies, and prestigious golf courses.FloodFlash generates revenue through the sale of its parametric flood insurance policies, which are structured to cater to the specific needs of high-risk commercial and public entities. The company's transaction framework involves direct engagement with clients who seek coverage for potential financial losses incurred from flooding events, including excess limits and business interruption. Revenue is realized as clients purchase these insurance products, which are tailored based on individual risk assessments and data collected from FloodFlash's sensors. The company's innovative approach not only provides coverage for traditional flooding risks but also extends to unique scenarios, thereby addressing gaps left by conventional insurance options. The acquisition is anticipated to fuel growth and innovation in product offerings, with plans to expand into additional geographic regions, particularly within Europe and North America, by the end of 2026.
Who invested in FloodFlash
10 investors across 3 rounds
See all investors in FloodFlash
Sign up free to see every VC on the cap table, the rounds they joined, and how much each round raised.
Questions about FloodFlash
Who invested in FloodFlash?
FloodFlash has 10 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FloodFlash raised?
FloodFlash has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did FloodFlash last raise money?
FloodFlash's most recent round on record is a Series A, in Feb 2022.
What does FloodFlash do?
FloodFlash Limited, founded in 2016, is headquartered in London, UK.
Where is FloodFlash headquartered?
FloodFlash is headquartered in London, UK.
Which VCs invest in companies like FloodFlash?
Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back insurance companies at FloodFlash's stage. Their profiles are linked below.
VCs backing insurance startups at Series A
Raising like FloodFlash? Find the right VCs.
Capital Atlas matches your startup to active investors by stage, sector and region.