Swiss startup Poncho raises $617k

Founded in 2023, Poncho is a Swiss startup that has raised over $600,000 in seed funding from WeBuild Ventures.

Poncho (a team of three) provides automatic refunds for outdoor experiences disrupted by bad weather.

The company offers a weather guarantee solution for businesses, enabling them to reduce cancellations, boost bookings, and enhance customer satisfaction through its intuitive API integration. It leverages advanced real-time weather tracking from sources like NOAA, ECMWF, and DWD to deliver accurate insights and ensure smooth integration into business operations.

The company operates in the same space as Sensible Weather, a Santa Monica-based parametric insurance startup that has raised $16 million since its inception.