Insuretech startup InRisk Labs raises $27M in Series A

Ahmedabad headquartered insuretech startup InRisk Labs has raised $27 million in a Series A funding round co-led by Bessemer Venture Partners and Northpoint Capital. InRisk Labs will use this funding to deepen the group’s underwriting, actuarial, catastrophe-modelling and AI capabilities; expand its coverage across NAT CAT (natural catastrophe) and climate risk, as well as other non-life segments such as marine cargo and motor; accelerate the development of parametric and structured reinsurance