New York based insurtech platform for parametric products raised $7m in Series A funding led by Mubadala Capital.
Arbol previously announced that it had secured in excess of $250 million of its own risk capacity to further the expansion of its parametric product offerings. Speaking about the investment, Sid Jha, Arbol’s Founder and CEO: “This new capital, paired with having dedicated risk capacity, gives us the ability to continue to invest in and significantly grow the footprint of the Arbol platform. We are proud that all of our original investors remain committed to our mission and our growth. We are particularly excited about adding Mubadala Capital-Ventures as a partner in our efforts, and we look forward to working with their team.”