Insurtech Hyperexponential Receives $18 Million in Funding Round led by Highland Europe
Summary
hyperexponential (hx), a UK-based Insurtech, has raised $18 million in a funding round led by Highland Europe, according to a note from the company. hx was launched in 2017 by co-founders Amrit Santhirasenan and Michael Johnson, both software engineers and actuaries with more than a decade of experience in senior roles at leading insurers. hx’s CEO Santhirasenan said the insurance industry is experiencing unprecedented growth, with data and technology being critical strategic drivers. “We believe hx offers a unique combination of actuarial expertise and software engineering knowhow that delivers exactly the tools that commercial insurers need as their marketplace continues to evolve and transform. This is a sector that is changing very rapidly and hx has already demonstrated considerable growth; we want to help them bring their cloud-based tools and innovation to even more insurers and insurtech companies.”
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