# Supercede Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/supercede-technology

- Industry: Software
- Headquarters: Telford, UK
- Website: www.supercede.com
- Total disclosed funding: $18M
- Latest round: Series A (Jun 27, 2024)
- Investors on record: 7

## About

Based in the UK, Supercede Technology Ltd specializes in providing an advanced platform for the reinsurance industry, focusing on improving data management and enhancing efficiency in deal-making processes.Supercede Technology Ltd is focused on delivering innovative solutions for the reinsurance sector. Founded in 2019 in Telford, UK, the company has secured a total of USD 15.00 mn in funding across multiple deals, with the latest Series A round occurring on June 27, 2024. This funding was led by Alven, alongside participation from Mundi Ventures and returning investors such as AFG Partners, MMC Ventures, Outward VC, and Seedcamp. The founding team includes Ben Rose, Jerad Leigh, and Jezen Thomas, with Jerad Leigh serving as CEO.Supercede provides a comprehensive platform specifically designed for the reinsurance industry, focusing on enhancing data management and deal-making efficiency. Their core product offerings include automated submission pack creation and validation, ensuring that reinsurance data is accurate and actionable. The platform facilitates the seamless sharing of digital risk profiles with underwriters, simplifying the creation of complex reinsurance deals. Designed for both cedents and brokers, Supercede optimizes deal flows, strengthens client outcomes, and enhances operational efficiency through AI-enabled tools. The platform is compatible with existing systems, providing users with a streamlined experience that promotes transparency and deeper insights across workflows. Supercede serves a global clientele, including top reinsurance teams, and operates in various geographical markets such as North America, Europe, and Asia-Pacific, catering to the diverse needs of industry stakeholders.Supercede's revenue model is structured around B2B transactions, primarily targeting reinsurance firms, brokers, and cedents. Clients engage with the platform through subscription-based access, which allows them to utilize a suite of tools designed to automate and enhance their reinsurance processes. The business transactions typically involve annual or monthly subscription fees for the use of their flagship technology, which includes features such as submission pack automation and integrated risk management tools. These subscriptions may vary based on the specific features accessed, the scale of data processed, and the number of users within an organization. By centralizing reinsurance placements on a single platform, Supercede not only drives operational efficiency but also facilitates stronger collaborations among users, ultimately leading to improved portfolio management and strategic growth for its clients.In June 2024, Supercede Technology Ltd raised USD 15.00 mn in Series A funding to expand its team and enhance platform development. The company plans to introduce new products aimed at further optimizing the reinsurance workflow, with specific product details and release dates to be announced. Additionally, Supercede is targeting expansion into new geographic regions, particularly focusing on deepening its presence in North America and Asia-Pacific by the end of 2025. The recent funding will support these initiatives, enabling Supercede to enhance its offerings and meet the evolving needs of its clients.

## Funding rounds

- Series A, Jun 27, 2024, $15M — Alven, MMC Ventures, Seedcamp, Mundi Ventures, Outward VC, AFG Partners
- Seed, Jul 31, 2020, $2.6M — MMC Ventures, Seedcamp, Episode 1 Ventures

## Investors

- MMC Ventures (https://capitalatlas.ai/funds/mmc-ventures) — Seed, Series A
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- Episode 1 Ventures (https://capitalatlas.ai/funds/episode-1-ventures) — Seed
- Alven (https://capitalatlas.ai/funds/alven) — Series A
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series A
- Outward VC (https://capitalatlas.ai/funds/outward-vc) — Series A
- AFG Partners (https://capitalatlas.ai/funds/afg-partners) — Series A