Federato is a Fintech and Insurtech startup based in the United States. Founded in 2020, it has attracted significant attention in the industry. Its slogan, "When underwriters have real-time risk selection and portfolio insights at their fingertips, profitable growth follows," encapsulates its mission to provide real-time risk selection and portfolio insights to empower underwriters in the insurance sector.
The company's product, RiskOps underwriting platform, targets insurance carriers, MGAs, and MGUs, offering them the tools to make better underwriting decisions, thereby balancing their book of business more effectively. This innovative approach has caught the eye of investors, leading to a notable $25.00M Series B investment on 27 June 2023.
The investors in this round include prominent names such as Pear Ventures, Caffeinated Capital, and Emergence Capital. With this recent injection of capital, Federato is well-positioned to make a significant impact in the insurance industry, and its emphasis on real-time data and insights gives it a competitive edge in the market.
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