# Vellum Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vellum-insurance

- Industry: Software
- Headquarters: New York, US
- Website: www.velluminsurance.com
- Total disclosed funding: $7M
- Latest round: Seed (Oct 10, 2023)
- Investors on record: 6

## About

Founded in 2022 and based in New York, US, Vellum Insurance, Inc. operates as an insurance technology company that offers data and analytics software solutions for reinsurance companies. The company was founded by its CTO, John Cappiello, CEO Julianna Muir, and Head of Product and Operations, Paul Toomath. In October 2023, Vellum Insurance, Inc. raised USD 7 million in seed funding led by Acrew Capital, 1Sharpe Ventures, Endurance Partners, Fin Capital, Flourish Ventures, and Vera Equity.

Vellum Insurance provides an artificial intelligence-enabled data and analytics platform, which is an insurance analytics platform specifically designed for insurance and reinsurance companies. The analytics and data management platform helps insurers and reinsurers identify and manage risks in their portfolios. The firm collects, validates, and aggregates data from a variety of sources, including MGAs, reinsurance brokers, and claims systems. The platform uses machine learning to automatically identify and extract relevant data from these sources, provides real-time insights into risk, and improves risk management and underwriting performance.

The company plans to use the funds raised in October 2023 to further improve the functionality of its platform and meet the demands of its customers.

## Funding rounds

- Seed, Oct 10, 2023, $7M — Endurance Partners, Fin Capital, Flourish Ventures, Acrew Capital, 1Sharpe Capital, Vera Equity

## Investors

- Endurance Partners — Seed
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Seed
- Flourish Ventures (https://capitalatlas.ai/funds/flourish-ventures) — Seed
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Seed
- 1Sharpe Capital (https://capitalatlas.ai/funds/1sharpe-capital) — Seed
- Vera Equity (https://capitalatlas.ai/funds/vera-equity) — Seed