Vesttoo raises $15 million

Tel Aviv-based Vesttoo , an alternative reinsurance and investment platform, raised $15 million in a Series B equity investment from Mouro Capital and MS&AD Ventures , the corporate venture capital fund of Japan-based MS&AD Insurance Group Holdings, the fifth largest insurance conglomerate in the world.

Founded in 2018, Vesttoo (a team of 33) has developed AI-based technology in the field of risk management that allows insurance companies and reinsurers to transfer their insurance risks to the capital market through the use of financial instruments for investment.

“Mouro Capital and MS&AD see the same opportunity we see: Vesttoo’s marketplace as a global deal pipeline that drives capacity directly from the capital markets to insurers, while delivering exceptional return on risk to investors by opening up this new asset class. Their partnership is an amazing vote of confidence in us and is a signal to financial and insurance institutions that we are significantly increasing business capacity. Together, we are going to scale our ILP and fully digital marketplace.” – Yaniv Bertele, CEO of Vesttoo.

“We are excited to partner with Vesttoo as they continue to innovate and bring new products, such as the ILP, to market for both insurers and the capital markets. We have been impressed with team’s ability to leverage technology to build a truly differentiated marketplace.” – Chris Gottschalk, General Partner at Mouro Capital.

“Our team at MS&AD Ventures is really excited about the tech-driven approach to risk transfer that Vesttoo is applying to the reinsurance market. We believe this is the future and we see huge opportunities as risks such as climate and cyber become bigger and more complex. Vesttoo has a great team and we are excited to be part of the journey with them.” – Jon Soberg, Managing Partner at MS&AD Venture.