A relatively new entry into the sustainability market has had a cash injection of $4.5 million in seed funding led by AnthemisRaincoat creates B2B solutions that help entities of all sectors and size provide quick claims to SMEs affected by natural disasters. “While fully-automated insurance holds the key to insuring the most vulnerable against ever-more frequent climate disasters, the obstacles to fully implement these programs at scale are incredibly complex. Our team hands off an end to end, fully operational, tailor-made solution that can be embedded in our partner’s existing channels, facilitating their claim response to end users,” explained Jonathan González, co-founder and CEO of Raincoat. “Time and again the world has watched vulnerable populations left with little recourse in the wake of climate disasters,” added Ruth Foxe Blader, partner at Anthemis. “We’re excited to support Raincoat’s cutting-edge solution to secure those at risk from disasters that will unfortunately become more and more common.”

Source: Artemis

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