{"id":362,"date":"2025-06-17T16:04:27","date_gmt":"2025-06-17T16:04:27","guid":{"rendered":"https:\/\/wheelerdm.com\/?p=362"},"modified":"2025-06-25T13:48:33","modified_gmt":"2025-06-25T13:48:33","slug":"parametric-specialist-descartes-secures-investment-from-battery-ventures","status":"publish","type":"post","link":"https:\/\/wheelerdm.com\/index.php\/2025\/06\/17\/parametric-specialist-descartes-secures-investment-from-battery-ventures\/","title":{"rendered":"Parametric specialist Descartes secures investment from Battery Ventures"},"content":{"rendered":"

This content is copyright to www.artemis.bm<\/a> and should not appear anywhere else, or an infringement has occurred.<\/p>\n

Descartes Underwriting, the parametric risk transfer specialist, has secured a strategic investment from Battery Ventures, a global technology-focused global investment firm.
\n<\/span>
\n\"descartes-underwriting-logo\"The transaction was executed at a premium to Descartes\u2019 most recent Series B valuation. It allows Battery to join the organisation’s shareholder base, while all existing investors retain a substantial\u00a0 majority of their holdings.<\/p>\n

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

Tanguy Touffut, CEO and co-founder of Descartes, 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.<\/p>\n

\u201cAs 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.\u201d<\/p>\n

Adding: \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

Ryu, also commented: \u201cOver twenty years of serving the global P&C insurance industry informs my keen interest in applying technology to address the enormous underinsurance gap.<\/p>\n

\u201cParametric 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.”<\/p>\n

Ryu continued: \u201cThe 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

Parametric specialist Descartes secures investment from Battery Ventures<\/a> was published by: www.Artemis.bm<\/a>
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This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Descartes Underwriting, the parametric risk transfer specialist, has secured a strategic investment from Battery Ventures, a global technology-focused global investment firm. The transaction was executed at a premium to Descartes\u2019 most recent Series…<\/p>\n

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