Vesttoo CEO Yaniv Bertele — LinkedIn
Vesttoo, an Israeli insurtech startup that has developed technology in the field of risk management, raised $80 Million in a Series C financing round co-led by Mouro Capital and a private equity fund. The company is now a unicorn as the round left it with a $1 billion valuation.
This is some badly needed good news for a change as Israel Startup Nation has been suffering more from contraction and failures in recent months due to the global financial crisis. It’s gotten so bad lately that it seemed like there would be stories of unicorns losing that status, rather than gain it.
The Series C comes less than a year after Mouro Capital led Vesttoo’s Series B round with participation from MS&AD Holdings. Hanaco Ventures led the Series A round in August 2021.
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Founded in 2018 by CEO Yaniv Bertele, CPO Alon Lifshitz, and CTO Ben Zickel,, Vesttoo specializes in data-driven risk management solutions for the P&C and longevity markets, using “cutting-edge technologies to transfer General Insurance, Lapse, and Longevity risk to the capital markets.” Vesttoo declares that it provides insurers and pension funds with low-cost, strategic risk transfer to the capital markets, while investors benefit from correlated, high-yield investments with remote loss possibilities.
As a one-stop-shop provider, Vesttoo says that its technological platform takes care of every aspect of the deal. From accurate AI-based risk modeling to structuring, pricing and performance monitoring – with no upfront fees or frictional costs.
“Access new opportunities as well as manage existing deals on our deal management platform, updated constantly as our risk models and projections develop with time.”
“Our clients and equity partners understand the Vesttoo vision and the opportunity we provide,” said Yaniv Bertele, CEO of Vesttoo. “In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability, thanks to our compelling value proposition. Our AI-based marketplace is set to propel the insurance industry forward by better connecting risk to capital sourced from global investors.”
