Plover Parametrics Raises $5M to Expand Team, Invest in Automation, and Support Program Business

Plover Parametrics Raises Over $5M in Funding

Plover Parametrics Raises Over $5M in Funding

Key Highlights:

  • Funding: Plover Parametrics, a technology-enabled commercial insurance brokerage, raised over $5 million in funding.
  • Expansion Plans: The funds will be used to expand the brokerage team, invest in software automation for the broking process, and support program business.
  • Specialization: Plover focuses on serving markets disrupted by climate change, specializing in wildfire, flood, wind, and other perils.

Plover Parametrics' Target Market

  • Target Market: Plover serves agents and brokers in markets affected by climate change, particularly in areas prone to wildfires, floods, and storms.
  • Insurance Agents and Brokers: Professionals seeking parametric solutions for NatCat, weather, and novel risks to help win new business and retain clients.
  • Companies in High-Risk Areas: Businesses operating in regions with increased exposure to climate-related perils, requiring specialized insurance coverage.

What Plover Parametrics Needs to Buy

  • Talent Acquisition: Hiring experienced professionals to expand the brokerage team and enhance expertise in climate-related insurance solutions.
  • Software Automation Solutions: Investing in software automation tools to streamline the broking process and improve operational efficiency.
  • Partnerships with E&S Insurers: Collaborating with excess and surplus lines insurers to provide specialized coverage in areas where admitted carriers have pulled back.

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.