Total amount raised
$75 Millions
Latest funding date
Location
Cape Analytics has successfully raised significant funding to advance its AI-powered property intelligence solutions, which leverage geospatial imagery analytics and computer vision technology. The platform supports various industries, including home insurance, commercial insurance, and real estate, by providing detailed property insights.
Keep reading to explore the intricacies of Cape Analytics' fundraising journey and the investors backing this innovative platform.
What Is Cape Analytics?
CAPE Analytics operates in the property intelligence and analytics industry, focusing on sectors such as insurance, real estate, and reinsurance. The company leverages AI-powered solutions, geospatial imagery analytics, and computer vision technology to provide detailed property insights.
Founded to streamline underwriting and refine valuations, CAPE Analytics serves personal lines underwriters, actuaries, commercial insurers, home equity lenders, loan traders, and real estate investors. Their services help match rate and coverage to risk, analyze bulk transactions, and monitor portfolio risk.
How Much Funding Has Cape Analytics Raised?
- Series A
- Amount Raised: $14M
- Date: November 2016
- Lead Investors: Formation 8
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development and market entry.
- Series B
- Amount Raised: $17M
- Date: June 2018
- Lead Investors: XL Innovate
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product capabilities.
- Series C
- Amount Raised: $44M
- Date: July 2021
- Lead Investors: Pivot Investment Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To diversify data sources, expand coverage, and grow the team.
Total Amount Raised: $75M. Current Valuation: Not publicly disclosed.
Key Investors
- Pivot Investment Partners
- Details: Pivot Investment Partners is a venture capital firm that focuses on investing in financial technology companies. Co-founded by Akbar Poonawala, who will join Cape Analytics’ Board of Directors.
- Investment Focus Areas: Financial services, FinTech, InsurTech.
- Notable Investments: Not publicly disclosed.
- Aquiline Technology Growth
- Details: Aquiline Technology Growth is a venture capital firm focused on technology investments, particularly in financial services. They participated in Cape Analytics' Series C funding round.
- Investment Focus Areas: Technology, financial services.
- Notable Investments: Not publicly disclosed.
- HSCM Bermuda
- Details: HSCM Bermuda is an investment firm with a focus on the insurance and reinsurance sectors. They participated in Cape Analytics' Series C funding round.
- Investment Focus Areas: Insurance, reinsurance.
- Notable Investments: Not publicly disclosed.
- Formation8
- Details: Formation8 is a venture capital firm that invests in technology companies. They are an existing investor in Cape Analytics and participated in the Series C funding round.
- Investment Focus Areas: Technology companies.
- Notable Investments: Not publicly disclosed.
- State Farm Ventures
- Details: State Farm Ventures is the venture capital arm of State Farm Insurance, focusing on investments that align with State Farm's business interests. They participated in Cape Analytics' Series C funding round.
- Investment Focus Areas: Insurance technology, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Cape Analytics?
With the recent $44 million Series C funding, Cape Analytics is poised to capitalize on significant opportunities. The company plans to diversify its data sources and expand its coverage footprint in the U.S., Canada, and beyond. This expansion could attract more clients in the insurance and real estate sectors, enhancing their market presence.
Future fundraising opportunities are likely, given the successful Series C round. Cape Analytics may pursue additional venture capital rounds or strategic investments to further scale operations and innovate their product offerings. However, they might face challenges such as competition from other AI and data analytics firms and regulatory concerns related to data privacy.
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