Arbol Raises $60M in Series B Funding for Global Expansion and Insurance Investments.

Arbol's Series B Funding and Expansion

Key Highlights:

• Series B Funding: Arbol, a climate risk solutions provider, raised $60 million in Series B funding.
• Investors: Giant Ventures and Opera Tech Ventures led the funding round, with participation from Mubadala Capital.
• Global Expansion: The funding will support Arbol's global expansion and investment in property and casualty (P&C) and home insurance business lines.

Arbol's Target Market

• Target Market: Arbol's climate risk management solutions cater to a wide range of economic participants affected by climate volatility.
• Financial Sector: Collaboration with banks and financial institutions facing new challenges with climate risks, both internally and for client needs.
• Insurance Industry: Providing innovative insurance solutions, including parametric products, to address the coverage gap in coastal communities.

What Arbol Needs to Buy

• Technology Development: Continued investment in technology ecosystem, including automated structuring, AI-powered underwriting, and pricing tools.
• Partnerships and Collaborations: Collaborating with global datasets providers and insurance carriers to expand the adoption of parametric products.
• Regulatory Compliance: Ensuring compliance with regulatory requirements for insurance operations and acquisitions.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.