B2B insurance startup Federato raises $25 million

Federato , a developer of a RiskOps underwriting platform for carriers and MGAs, closed a $25 million Series B funding round led by Caffeinated Capital, with participation from Emergence Capital and Pear VC, bringing its total funding to $40 million.

Founded in 2020, the San Francisco-based team of ~40 offers an underwriting platform for P&C and specialty insurance. “Our RiskOps platform uses AI and machine learning to process massive amounts of data to surface dynamic feedback on appetite, winnability, strategy, and goals directly within the underwriter’s workflow.”

Bottom Line: Insurate, QBE and Ledgebrook are clients.