Betterview, an insurtech startup backed by Munich Re and Maiden Re, has announced the close of a $4.5 million Series A, bringing the company’s total funding to $10 million.
The company, founded in 2014, started off as a drone-based property inspection platform and service.
In late 2017, Betterview started building a new risk management platform and by July 2018 it had launched its risk management platform.
The platform leverages machine learning, computer vision and geospatial data to deliver data, analysis and insights on commercial and residential properties throughout the United States.
“We are pleased to announce the close of our Series A round. We have been putting this capital to great use by growing our team, including three new hires on our Data Science team,” said David Lyman, Chief Executive Officer & Co-Founder of Betterview.
It has also been announced that Dave Miles, Managing Partner of ManchesterStory, and Brian Desmond, Chief Marketing Officer of Guidewire Software, have joined Betterview’s Board of Directors.
“Betterview is also extremely fortunate to have Dave Miles and Brian Desmond join our Board of Directors. Dave knows the InsureTech space inside and out, and Brian has been instrumental in scaling Guidewire from a startup to the insurance industry’s leading software company over the past thirteen years,” added Lyman.