Mundi Ventures participates in $15M Series A Round
Mundi Ventures, the global venture capital firm, today announced that it has participated in the $15 million Series A funding round of Supercede, a London-based reinsurance technology company. The investment will enable Supercede to accelerate its mission to transform the reinsurance sector through next-generation technology.
Supercede's platform automates and optimises the reinsurance buying process, enabling greater risk management, optimising coverage, and enhancing pricing outcomes. The company has over 140 member firms globally, including insurers, brokers, and reinsurers using its platform.
Jerad Leigh, CEO and Co-founder of Supercede, stated, "Securing this funding is a testament to the transformative power of our platform. We are not just building a company; we are shaping the future of reinsurance. This investment accelerates our ability to deliver unparalleled value to our clients and drives us closer to our goal of becoming the indispensable operating system for the global reinsurance market."
Mundi Ventures’ investment in Supercede underscores its commitment to finding innovative technologies within insurance, and this investment in reinsurance represents an expansion to a new vertical, broadening Mundi Ventures’ reach and expertise.
The funding round was led by Alven, with further contributions from existing investors Outward, Seedcamp, MMC Ventures, and AFG Partners. The investment will be used to expand Supercede's team and enhance platform development and implementation.
Founded in 2019, Supercede has established itself as the leading disruptive provider reinsurance technology, with revenues surging over 500% in the past year. As evidenced by the Series A round, the company's success has attracted strong investor confidence, positioning it for continued growth and innovation in the reinsurance industry.
About Mundi Ventures
Founded in 2015, Mundi Ventures is a Venture Capital firm headquartered in Madrid with €500 million in assets under management. Mundi Ventures and its team have supported over 60 tech companies worldwide, with a focus on Insurance, Retail, and Deep Tech Technologies.
About Supercede
Pioneering change since 2016, Supercede stands at the forefront of reinsurtech, offering a platform that reshapes reinsurance through data, automation, and integration. Supercede is dedicated to elevating industry standards for data quality and submission processes.
