Adaptive Insurance (Seed)

Funding Details
Awarder
Inbox
Date Award
February 26, 2025
Vertical
Insurance
Funding URL
View Funding Page
Funding Amount:
$5,000,000

Company Info
Traction
The company is rolling out its parametric insurance products nationwide, starting with GridProtect, addressing a significant market need as outages cost American businesses an estimated $150 billion annually.
Founders
Mike Gulla
Company Description
Adaptive Insurance is a climate-based parametric insurer that provides innovative insurance solutions to businesses affected by short-duration power outages, leveraging AI and real-time climate data for rapid claims processing.
Market
Businesses affected by power outages
Location
Texas, United States
Coinvestors
Montauk Climate, Seraphim Space

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