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January 16, 2024

hyperexponential Secures $73M to Power Global Expansion

London's insurtech trailblazer has just hit the jackpot, securing a jaw-dropping $73 million in a Series B funding

London-based insurtech hyperexponential is making waves in the insurance realm with its cutting-edge pricing decision intelligence platform, hx Renew. The startup has just clinched a substantial $73 million in Series B equity funding, led by Battery Ventures. This infusion of capital is set to propel hyperexponential into the US market, with plans for a New York office opening this year.

Hyperexponential's hx Renew is a game-changer, turning complex data into strategic pricing decisions for insurers. In recognition of its innovation, the platform was crowned 'Insurtech Product of the Year' by Insurance Insiders in 2023. With a client roster including major insurers like Aviva, HDI, and Conduit Re, hyperexponential is on a trajectory of exponential growth.

The latest funding round, which saw participation from existing investors Highland Europe and Andreessen Horowitz, will not only fuel hyperexponential's global expansion but also drive advancements in product capabilities. The insurtech plans to double its workforce to over 200 by 2025, signaling a commitment to meeting the rising demand in adjacent insurance markets.

Notably, Battery Ventures Partner Marcus Ryu, a veteran in the industry, has joined hyperexponential’s board, bringing invaluable insights to the table. hyperexponential's CEO, Amrit Santhirasenan, expressed excitement about the collaboration, highlighting the company's strategic growth into new verticals and geographies.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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