{"id":333,"date":"2025-06-17T16:00:49","date_gmt":"2025-06-17T16:00:49","guid":{"rendered":"https:\/\/hypnosisofaustin.com\/?p=333"},"modified":"2025-06-18T08:38:02","modified_gmt":"2025-06-18T08:38:02","slug":"descartes-underwriting-secures-investment-from-battery-ventures","status":"publish","type":"post","link":"https:\/\/hypnosisofaustin.com\/index.php\/2025\/06\/17\/descartes-underwriting-secures-investment-from-battery-ventures\/","title":{"rendered":"Descartes Underwriting secures investment from Battery Ventures"},"content":{"rendered":"

Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist.<\/p>\n

\"DescartesThe transaction was executed at a premium to Descartes\u2019 most recent Series B valuation. It allows Battery to join the company\u2019s shareholder base, while all existing investors retain a large majority of their holdings.<\/p>\n

As part of the deal, Marcus Ryu, Partner at Battery Ventures and former CEO and co-founder of Guidewire Software, will join Descartes as a board observer.<\/p>\n

Tanguy Touffut, CEO and co-founder, said, \u201cOver the past six years, Descartes has established itself as the leading parametric insurance business for climate-related risks, remaining true to our scientific approach to risk transfer. As we scale globally to address the widening protection gap around natural disasters, we\u2019re thrilled to welcome Marcus \u2014 one of the world\u2019s most accomplished Insurtech entrepreneurs \u2014 whose experience and vision will be invaluable as we execute our ambitious roadmap.<\/p>\n

\u201cBattery\u2019s investment is a major endorsement of our mission and a strong signal of our commitment to the North American market, already our largest market.\u201d<\/p>\n

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\"Register<\/a><!–\"Download<\/a>–><\/p>\n<\/div>\n<\/div>\n

Ryu added, \u201cOver twenty years of serving the global P&C insurance industry informs my keen interest in applying technology to address the enormous underinsurance gap. Parametric insurance is one of \u2014 if not the \u2014 most promising approaches to transfer risk efficiently, and like many industry participants I believe it will continue to grow in importance and adoption. The team at Descartes Underwriting is uniquely credentialed in this domain, and I am very impressed with the market and thought leadership position they have built with brokers, capacity partners and insureds in a short period.\u201d<\/p>\n

The post Descartes Underwriting secures investment from Battery Ventures<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Battery Ventures, a global technology-focused investment firm, has made a strategic investment in Descartes Underwriting, a global corporate parametric insurance specialist. The transaction was executed at a premium to Descartes\u2019 most recent Series B valuation. It allows Battery to join the company\u2019s shareholder base, while all existing investors retain a large majority of their holdings.…<\/p>\n","protected":false},"author":1,"featured_media":335,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reinsurance"],"_links":{"self":[{"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/posts\/333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/comments?post=333"}],"version-history":[{"count":3,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/posts\/333\/revisions"}],"predecessor-version":[{"id":337,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/posts\/333\/revisions\/337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/media\/335"}],"wp:attachment":[{"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/media?parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/categories?post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hypnosisofaustin.com\/index.php\/wp-json\/wp\/v2\/tags?post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}