Supercede, a reinsurance technology platform, has raised £12 million in a Series A funding round.
The investment was led by Alven with contributions from Mundi Ventures and existing investors Outward, Seedcamp, MMC Ventures, and AFG Partners.
Supercede’s platform, designed by industry experts, automates and optimises the reinsurance process, enabling superior risk management, optimised coverage, and enhanced pricing outcomes.
Representing over 140 member companies globally, including insurers, brokers, and reinsurers, Supercede’s platform enhances data preparation and deal management, making reinsurance teams more effective and profitable.
“Securing this funding is a testament to the transformative power of our platform,” said Jerad Leigh, CEO and co-founder.
“We are not just building a company; we are shaping the future of reinsurance. This investment accelerates our ability to deliver unparalleled value to our clients and drives us closer to our goal of becoming the indispensable operating system for the global reinsurance market.”
Supercede plans to expand its team, attracting top-tier talent to enhance platform development and implementation.
Ben Rose, president and co-founder, added: “This investment is reflective of the incredible support Supercede has received from a global community of buyers, brokers and underwriters determined to bring better data and technology to the reinsurance industry.
“We are responding to their call to action, and with these funds will scale our capabilities to ensure our platform remains the top choice for reinsurance buying teams.”
Margaux Gregoir, principal at Alven Capital, commented: “Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry.
“It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector.”