What is Ibisa Network?
Founded in 2019 and headquartered in Luxembourg, Ibisa Network is at the forefront of developing an Insurance as a Service platform. By integrating advanced technologies such as satellite data, blockchain, and actuarial science with a focus on simplicity and efficiency, IBISA aims to de-risk agricultural operations for farmers. The company has already established a presence in key markets including India, the Philippines, and Niger, working with insurers, mutuals, and global agriculture players to enhance farmer resilience against climate-related challenges.
How much funding has Ibisa Network raised?
Ibisa Network has raised a total of $4.7M across 2 funding rounds:
Angel/Seed
$1.7M
Other Financing Round
$3M
Angel/Seed (2021): $1.7M with participation from Insurtech Gateway and Rockstart
Other Financing Round (2024): $3M led by Acumen Resilient Agriculture Fund
Key Investors in Ibisa Network
Insurtech Gateway
Insurtech Gateway is a specialist insurtech incubator that invests early in mission-driven founders globally, helping them retain more equity while accelerating the process of obtaining authorization, underwriting capacity, and investment capital. The incubator fosters sustainable partnerships between independent founders and insurers, regulators, and co-investors, enabling the development of innovative insurtech solutions.
Rockstart
Rockstart is an early-stage investor dedicated to empowering purpose-driven founders in the domains of Energy, AgriFood, and Emerging Technologies. The company provides tailored support packages, market introductions, and investments from pre-seed to series B, helping founders navigate their startup journey.
Acumen Resilient Agriculture Fund
The Acumen Resilient Agriculture Fund (ARAF) is a $58 million impact fund and the world's first equity fund aimed at enhancing the climate resilience of smallholder farmers. It focuses on investing in early and early-growth stage agribusinesses in Africa that help farmers adapt to climate change, thereby increasing their yields and incomes.
What's next for Ibisa Network?
The recent major strategic investment signals Ibisa Network's transition into a growth phase, likely focusing on expanding its technological capabilities and market reach. This capital will be instrumental in further developing its Insurance as a Service offerings, potentially exploring new geographical markets and deepening partnerships with agricultural stakeholders. The company's commitment to leveraging technology for climate resilience positions it for sustained impact and leadership in the insurtech and agritech sectors.
See full Ibisa Network company page
