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November 23, 2021

Vesttoo secures funding for ILP offering and insurance marketplace

Global alternative reinsurance and investment platform Vesttoo has raised $15m in a Series B funding round from Mouro Capital .

MS&AD Ventures, which is the venture capital fund of Japanese insurer MS&AD Insurance, also joined the round.

Vesttoo will use the proceeds to drive the expansion of its Insurance-Linked Program (ILP) offering and a fully digital marketplace for insurance-based risk transfer and investments.

The latest round comes a few months after the $6m Series A funding round led by Hanaco Ventures.

Mouro Capital general partner Chris Gottschalk said: “We are excited to partner with Vesttoo as they continue to innovate and bring new products, such as the ILP, to market for both insurers and the capital markets.”

Vesttoo’s ILP offering is focused on collateralized life and p&c reinsurance transactions. The ILP offering allows investors to pledge existing securities as collateral in these transactions.

Vesttoo’s marketplace on the other hand provides insurers access to capital market originated capacity, with investors having direct access to a new asset class.

MS&D Venture managing partner Jon Soberg said: “We believe this is the future and we see huge opportunities as risks such as climate and cyber become bigger and more complex. Vesttoo has a great team and we are excited to be part of the journey with them.”

Vesttoo CEO Yaniv Bertele said: “Mouro Capital and MS&AD see the same opportunity we see: Vesttoo’s marketplace as a global deal pipeline that drives capacity directly from the capital markets to insurers while delivering exceptional return on risk to investors by opening up this new asset class.”

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