Kettle
Kettle uses AI to better understand the effects of climate change, and then writes insurance using those models
Kettle uses AI to better understand the effects of climate change, and then writes insurance using those models
Kettle is a Financial Services and Insurtech startup based in Bermuda, founded in 2019. The company's slogan "Kettle uses AI to better understand the effects of climate change, and then writes insurance using those models," succinctly encapsulates their mission. Kettle employs machine learning to comprehensively comprehend the impacts of climate change on catastrophic risks such as wildfires and hurricanes. Leveraging these insights, Kettle crafts insurance and reinsurance policies to safeguard individuals and businesses from these perils. An indication of investor confidence in Kettle's vision and capabilities is the recent $25.00M Series A investment announced on 18 November 2021. Participating in this funding round were prominent investment firms including Acrew Capital, Anthemis Group, DCVC, Homebrew, True Ventures, Valor Equity Partners, Lowercarbon Capital, and Two Culture Capital. This diverse group of investors not only validates Kettle's potential but also underscores the significant interest and support within the investment community for innovative solutions addressing climate change and its far-reaching consequences.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | $25.00M | 8 |
|
18 Nov 2021 |
| Series A | Unknown | 1 | Alumni Ventures | 27 Apr 2021 |
| Seed Round | $4.71M | 1 |
|
20 Oct 2020 |
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