Connect with us

Hi, what are you looking for?

Jewish Business News

Unicorns

Vesttoo Insuretech Startup Hits $2 Billion Valuation

Vesttoo also appointed a new chief marketing officer.

Vesttoo

Vesttoo CEO Yaniv Bertele — LinkedIn

Vesttoo, an Israeli insurtech startup and a unicorn – a startup worth at least $1 billion – that has developed technology in the field of risk management, is now worth somewhere between $1.5 to $2 billion, according to a report in Calcalist. The new valuation came with a Series D round of funding whose details have not yet been revealed.

This news comes after Vesttoo first became a unicorn after it raised $80 Million last October in a Series C financing round co-led by Mouro Capital and a private equity fund, which at the time left the company 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.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

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.

Vesto CEO Yaniv Bertele, reported Calcalist, wrote to employees saying, “the company has already started a funding process at a significantly higher value than the previous round, which will be completed in the coming months.”

Earlier this month, Vesttoo appointed Jon Ewing as Chief Marketplace Officer. Ewing, said the company, has extensive experience in financial services and expertise in launching trading platforms. He will spearhead the development of Vesttoo’s digital marketplace for insurance risk.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News