The Demex Group Raises $9 Million
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Thursday, December 2, 2021
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IA Capital Group also participated in this round of funding; both Anthemis and IA Capital led Demex's $4.2 million seed round announced a year ago.
Key Points:
- IA Capital Group also participated in this round of funding; both Anthemis and IA Capital led Demex's $4.2 million seed round announced a year ago.
- "Property owners, tenants and managers are typically overlooked by the incumbent weather risk marketplace that focuses on agriculture and energy," stated Ed Byrns, CEO and Founder of The Demex Group.
- Anthemis' Ruth Foxe Blader said, "The Demex Group is successfully designing products for clients seeking standalone protection for climate-linked financial exposures.
- With the business impact of climate change increasing every year, Demex is designed to support new sectors with an innovative approach.