Property insurance managing general agent Delos Insurance Solutions said it has raised $9 million through a Series A funding round led by HSBC Asset Management and includes IA Capital Group, Blue Bear Capital and Generation Space along with angel investors.
The investment partners focus on financial sector solutions, insurance, climate change, and space, highlighting the breadth of expertise required to provide real, sustainable solutions to the impacts of climate change on our society.
Related: Delos and Lloyd’s Insurer to Expand Vacant Home Insurance in California
Delos provides insurance services to homeowners in wildfire-stressed areas and reports writing $40 billion in total insurance value. Its technology is designed to pinpoint properties that do not pose a high risk of loss. It was founded in San Francisco in 2017 by aerospace engineers.
HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions. IA Capital Group is a venture capital firm focusing primarily on insurtech. Blue Bear is a venture capital and early growth equity firm focused on driving digital technologies and machine intelligence across the energy, infrastructure and climate industries. Generation Space is the U.S. arm of Seraphim Space Manager LLP and is responsible for all its U.S. activities and delivery of the U.S. Generation Space Accelerator.
Related: Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Topics Mergers & Acquisitions California
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