Flood Specialist reThought Primes for Growth with $15.5 Million Series A Raise
BROOMFIELD, Colo., July 27, 2021 /PRNewswire/ -- Tech-enabled MGA reThought Insurance has completed a $15.5 million Series A investment round that will help fund its rapid growth in the flood insurance market. Led by Telstra Ventures, the fundraising also includes participation from Hudson Structured Capital Management, doing (re)insurance business as HSCM Bermuda, and ArcTern Ventures. HSCM's Andrew Sagon and Telstra Ventures' Marcus Bartram have joined the reThought board. Existing venture funds invested in the insurtech include Menlo Ventures, ManchesterStory and Streamlined Ventures.
- BROOMFIELD, Colo., July 27, 2021 /PRNewswire/ --Tech-enabled MGA reThought Insurance has completed a $15.5 million Series A investment round that will help fund its rapid growth in the flood insurance market.
- reThought currently focuses on writing flood coverage for complex mid-tier commercial risks and high net worth (HNW) properties but is also developing offerings for other perils.
- There will also be investment in operational capabilities to be able to handle increased volumes of business and support faster growth.
- For more information on how reThought has re-imagined flood insurance, please visit www.rethoughtinsurance.com
Telstra Ventures identifies what's next, right now.