The Demex Group raises $10.25 million

DC-based MGA,  The Demex Group , has raised $10.25 million through a Series A round and a previously closed SAFE funding round, led by Congruent Ventures with participation from Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital. This brings the company’s total funding to $28.5 million.

Founded in 2020, Demex offers a parametric reinsurance solution for severe convective storms—such as tornadoes, thunderstorms, hail, and wind.

“Growing losses from these storms are a critical problem for the insurance industry – challenging insurance companies’ annual earnings and balance sheet surpluses. We’re grateful to have investors who bring climate perspective, technology capabilities, a property mindset, and insurance experience to Demex.” – Bill Clark, President and CEO of Demex.