Demex closed $10.3M Series A round

The Demex Group, a risk analytics and intelligence company, raised $10.25 million in a Series A and previously closed SAFE funding round. The round was led by Congruent Ventures and included participation from Moxxie Ventures, MetaProp, and existing investor Blue Bear Capital.

The Demex Group facilitates innovative stop-loss reinsurance protection, specializing in parametric reinsurance solutions for losses due to severe convective storms like tornadoes, thunderstorms, hail, and wind. The company partners with reinsurance brokers and reinsurance companies to arrange coverage for losses above a specified threshold, addressing the increasing frequency of these weather events due to climate change. The fresh capital will be used to enhance its parametric reinsurance product and further its mission to safeguard insurers.