Vellum Insurance

Vellum Insurance is a newly founded startup in the insurance industry, which attracted a significant investment of $7.00M in a Seed Round at 10 October 2023. The round was led by a group of notable investors including Acrew Capital, Fin Capital, 1Sharpe Ventures, Endurance, Flourish Ventures, and Vera Equity. The company's mission is to address the challenges faced by the insurance and reinsurance industry in adapting to evolving risks. Vellum aims to revolutionize the industry by leveraging the power of AI to unlock data, identify trends, and proactively manage risks. The platform offers a solution to the industry's struggle with messy data, bespoke processes, and emerging risks, allowing insurers and reinsurers to protect against future risks with confidence. With its innovative approach to risk management and data utilization, Vellum Insurance stands out as a promising player in the insurance sector, providing solutions that are essential for the industry to keep up with the accelerating pace of change.