NFP Ventures Backs Axio Global
NFP Ventures, the early-stage investment arm of NFP, has announced a minority investment in Axio Global.
Established in 2013, the company has raised $3.8m in funding for its SaaS-based cyber risk assessment platform that integrates cyber maturity insight with risk quantification and a diagnosis of financial and insurance coverage strength, and applies a proprietary risk analysis framework to identify and manage un-treated cyber exposure.
“Nearly every business is susceptible to some form of a cyberattack. While breaches are inevitable, we believe that taking a broad-based, comprehensive approach to cyber-security will mitigate risks and ensure clients and prospects are well-positioned to deal with emerging cyber threats. Our investment in Axio reflects a common goal: advancing the management of cyber risk to prevent business interruption, manage losses and protect the operational well-being of our clients’ organizations. This partnership provides an exciting opportunity to enhance NFP’s current insurance market intelligence and claims capabilities, attuning a more extensive and client-focused risk management platform.” – Managing Director of NFP Ventures, Shawn Ellis.
“We are thrilled to work with NFP, drawing on their years of experience in the insurance and risk management space. Their support will be critical in continuing to provide risk quantification, insurance analysis and risk management guidance to a range of boards, senior executives, risk managers and security leaders across company sizes and industry verticals.” – Founder and COO of Axio, David White.
Bottom Line: in the company of Tomorrow.