TLDR:
- London-based Supercede secures €14M in Series A funding led by Alven
- The funding will be used to expand the team and enhance platform development
London-based Supercede, a provider of a reinsurance technology platform, has raised €14M in a Series A funding round led by Alven. Other participants included Mundi Ventures, Outward, Seedcamp, MMC Ventures, and AFG Partners. The company plans to use the funds to grow its team and improve platform development. Supercede, founded in 2019, aims to automate and optimize the reinsurance process, leading to better risk management and pricing outcomes. The platform currently represents over 140 member companies globally and enhances data preparation and deal management for reinsurance teams. The investment from Alven and Mundi Ventures highlights the confidence in Supercede’s potential to innovate and set new industry standards.
Alven, a venture capital firm, believes that Supercede’s growth trajectory is a result of innovation and domain expertise. The firm is excited to support Supercede in becoming a dominant force in the reinsurance technology sector. Mundi Ventures, a global venture capital firm, sees Supercede’s platform as transformative for the industry and has confidence in the company’s ability to establish new industry norms. With this funding, Supercede is poised to shape the future of reinsurance and become a market leader in the reinsurance technology sector.
