Arbol Closes Its Series A Raise, Adds Mubadala Capital-Ventures To Its Investment Group

NEW YORK, Jan. 19, 2021 — (PRNewswire) —   Arbol Inc. announced today that it has closed its Series A fundraising round with commitments totaling nearly $7 million. Arbol's Series A round was oversubscribed and completed at a significant increase in valuation from its initial seed round. All of the company's original seed investors, including Finch Finance LLC and Space Capital, recommitted for the Series A round, in addition to one new investor, Mubadala Capital-Ventures.

"Our strong Series A fundraising positions us extremely well to grow our team at a rapid pace while expanding our commitment to offer fair and fast financial protection for our customers affected by external risks such as climate change," said Sid Jha, Arbol's founder and CEO. "This new capital, paired with having dedicated risk capacity, gives us the ability to continue to invest in and significantly grow the footprint of the Arbol platform. We are proud that all of our original investors remain committed to our mission and our growth. We are particularly excited about adding Mubadala Capital-Ventures as a partner in our efforts, and we look forward to working with their team."

"At Mubadala, we are committed to partnering with exceptional founders early on in their journeys and supporting companies as they scale successfully. We saw in Arbol an opportunity to leverage geospatial data and next-gen underwriting analytics, to bring efficiency and transparency to the insurance industry, and ultimately help businesses of all sizes manage climate risks. We look forward to the progress this new round of capital will enable, and the long-term impacts the Arbol platform will have," said Luke Nicklin, Director, Mubadala Capital – Ventures.

Arbol had previously announced that it had secured in excess of   $250 million of its own risk capacity to further the expansion of its parametric product offerings. Its platform facilitated hundreds of deals for institutional clients representing more than $15 million in notional risk over its first eight months of live transactions.

About Arbol Inc.:

Arbol is an InsurTech platform for parametric products that pay quickly and fairly covering external risks such as unexpected weather. Arbol uses Big Data, machine learning, and smart contracts to bring transparency and efficiency to the weather risk market.

Website | Twitter | LinkedIn | YouTube | Medium | GitHub | Facebook |

Contact: Robert Heilberg
robert@arbolmarket.com

Cision View original content: http://www.prnewswire.com/news-releases/arbol-closes-its-series-a-raise-adds-mubadala-capital-ventures-to-its-investment-group-301211035.html

SOURCE Arbol

Contact:
Company Name: Arbol
Web: https://www.arbolmarket.com/




Review Article Be the first to review this article

Featured Video
Jobs
Transportation Specialist - Department of Transportation - (2100115) for City of San Jose at San José,, California
GIS Manager for Union County NC at Monroe, California
GIS Manager - Technical Support Group / Public Works for City Of Topeka at Topeka, Kansas
ArcGIS Maps for SharePoint Product Engineer for ESRI at Redlands, California
GIS Analyst for Union County NC at Monroe, California
Architectural Project Manager for SERA Architects, Inc at Oakland, California
Upcoming Events
Milipol Asia-Pacific 2021 at Singapore - Mar 23 - 25, 2021
Geo Connect Asia 2021 at Suntec Singapore - Mar 24 - 25, 2021
NextGen SCADA Global 2021 at United Kingdom - Mar 24 - 25, 2021
University of Denver GIS Masters Degree Online



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise