Florida based digital flood insurance provider Neptune Flood has raised a $2m Seed Round led by Trevor Burgess, the founder of C1 Bank.
Founded in 2016 by insurance and technology industry veterans Jim Albert and Bill Martin, and also led by COO Stephanie Lee, Neptune Flood utilizes advanced mapping technologies and aerial remote sensing to create algorithms for the risk of flooding and bring advanced analytics to the flood insurance marketplace. The company launched its flood insurance product in early 2017 in Florida, and is now available in Florida, Virginia and Texas with opening across more than a dozen US states expected in early 2018. The product is available today via digital agencies, MGAs and strategic partnerships with homeowner’s insurance carriers. By summer 2018, Neptune will deploy a direct to consumer platform.