Supercede Secures $15M Series A for Reinsurance Transformation Proposition

With the new capital, the company plans to expand its team, attracting top-tier talent to enhance platform development and implementation.

(Image source: Supercede website.)

Supercede (London), a reinsurance technology platform, has announced the successful completion of a USD$15 million Series A funding round. This significant investment, led by Alven with contributions from Mundi Ventures and existing investors Outward, Seedcamp, MMC Ventures, and AFG Partners, will advance Supercede’s mission to transform the reinsurance sector through next-generation technology, according to a statement from Supersede.

Jerad Leigh, Co-Founder and CEO, Supercede.

Supercede’s platform, designed by industry experts, automates and optimizes the reinsurance process, enabling superior risk management, optimized coverage, and enhanced pricing outcomes, the company statement says. Representing over 140 member companies globally, including insurers, brokers, and reinsurers, Supercede’s platform is designed to enhance data preparation and deal management, making reinsurance teams more effective and profitable.

“Securing this funding is a testament to the transformative power of our platform,” comments Jerad Leigh, co-founder and CEO, Supercede. We are not just building a company; we are shaping the future of reinsurance. This investment accelerates our ability to deliver unparalleled value to our clients and drives us closer to our goal of becoming the indispensable operating system for the global reinsurance market.”

Ben Rose, Co-Founder and President, Supercede.

Supersede says that with this new capital, the company plans to expand its team, attracting top-tier talent to enhance platform development and implementation. “This investment is reflective of the incredible support Supercede has received from a global community of buyers, brokers and underwriters determined to bring better data and technology to the reinsurance industry,” says Ben Rose, co-founder president, Supercede. “We are responding to their call to action, and with these funds will scale our capabilities to ensure our platform remains the top choice for reinsurance buying teams.”

Investor Confidence

“Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry,” comments Margaux Gregoir, Principal, Alven Capital. “It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector.”

Margaux Gregoir, Principal, Alven Capital.

“Supercede is transforming the reinsurance industry with its cutting-edge platform,” observes Faisal Al-Hussein, Principal, Mundi Ventures. “Our investment underscores our confidence in their potential to set new industry standards.”

Ivan Ong, Partner at AFG Partners, said: “Supercede is uniquely positioned to dominate the reinsurance technology space. Their vision, combined with their relentless execution, is a game-changer for the industry.”

Growth and Market Impact

Founded in 2019, Supercede has established itself as a trusted leader in reinsurance technology, reporting revenues surging over 500 percent in the past year. Designed by industry experts, Supercede’s platform is made to enable real-time strategic decision-making, vastly improving workflow efficiency, data accuracy, and operational agility. Supercede says it remains committed to providing unparalleled solutions that drive efficiency and growth for reinsurance professionals globally.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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