Claims Carbon, the first insurance focused climate tech startup, raises €1,1m seed round – Claims Carbon Institute
Summary
Financial services VC firm BiG Start Ventures from Lisbon and insurtech specialist Astorya.vc from Paris were other major participants, together with the Stockholm based real estate investment company Claesson & Anderz\xe9n. Moreover, it helps in target setting and follow up of emission reductions and provides key data for net-zero insurance product development.The take up in the market has been strong with client portfolios in eight European countries covered to date. There is no doubt that insurers are increasingly looking to make a real impact for a sustainable future.The funds raised will enable an even stronger offering to existing clients as well as expansion to new products and geographies whilst growing the team. Every invested Euro directly converts into reducing insurance related carbon emissions, says Markko Waas, CEO and Co-Founder of Claims Carbon.The Founders have demonstrated that they are dead serious about making a real impact in the race to net-zero. Their ability to rapidly close enterprise software deals demonstrates that this market opportunity is exciting, says Hannu Vaajoensuu from Vaens.While insurers are leading the fight against climate change with the net-zero initiative, Claims Carbon is among few SaaS solutions enabling the industry to track carbon emissions starting with the claims handling process.