Betterview raises undisclosed funding round

Betterview announced the completion of a new round of funding from existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory.

Founded in 2015, the company raised $15.5 million to date from 22 investors.

“Having been investors since 2017, we continue to be impressed with how the company is pushing the boundaries of technology and innovation in the property intelligence and risk management space.” – Brian Anderson, partner at Nationwide.

This latest round of funding will help Betterview continue its growth, support the company’s path to profitability in 2023, and provide customers with new and enhanced products and features. Recent enhancements include launching specialized risk insights for event-specific perils and a CAT-Response System, empowering insurers’ rapid and proactive response to severe weather events.

“We are excited to have strong financial backing with favorable terms to continue growing rapidly and reaching profitability in 2023. This investment helps us continue to improve our product and customer support functions as we deliver a best-in-class experience, empowering insurers to identify and manage real property risk.” – David Lyman, co-founder and chief executive officer at Betterview.

The terms of the round of funding were not disclosed.