SFC Capital backs BirdsEyeView

UK-based parametric insurance solutions provider BirdsEyeView Technologies has announced the successful closing of a seed funding round led by SFC Capital and matched by the European Space Agency (ESA).

Founded in 2019, BirdsEyeView structures weather-event based insurance products with parametric triggers using a proprietary algorithmic underwriting engine named RAPTOR™. The technology takes inputs from meteorological data gathered by the likes of European Space Agency and NASA, processing it using AI to structure parametric products that pay out based on the weather event itself, instead of the actual losses of the policyholder.

“We are very excited about working with SFC Capital to further develop our RAPTOR™ technology, which is going to help both insurers and policy holders get better and more accurate insurance services. SFC has a lot of experience working with early stage startups and their knowledge will be very useful as we continue to develop the technology and grow as a business.” – James Rendell, CEO and co-founder of BirdsEyeView.

“The insurance industry is changing and adapting to the world as it evolves. Climate change is a challenge for many industries and it is innovative technology like BirdsEyeView that will help the industry to move forward. We are very excited to be a part of BirdsEyeView’s growth journey and look forward to supporting the team in as many ways as possible.” – Ed Stevenson, Investment Manager at SFC Capital.