What is Parametrix?
Founded in 2018, Parametrix is a New York-based insurtech firm that specializes in parametric insurance solutions designed to address the volatility of digital business environments. The company serves as a Managing General Agent and a registered Lloyd's Coverholder, offering policies that provide rapid, pre-agreed compensation for cloud downtime and e-commerce disruptions. By eliminating the traditional, often protracted, claims settlement process, Parametrix enables businesses to maintain operational continuity and financial stability during catastrophic IT events. Their platform continuously monitors global third-party IT services, allowing for precise risk quantification and instant insurance quotations without the need for intrusive system installations.
How much funding has Parametrix raised?
Parametrix has raised a total of $44.5M across 2 funding rounds:
Series A
$17.5M
Series B
$27M
Series A (2021): $17.5M with participation from FirstMark Capital and F2 Ventures
Series B (2025): $27M led by Mundi Ventures, HDI Group, FirstMark Capital, and F2 Venture Capital
Key Investors in Parametrix
Mundi Ventures
Mundi Ventures is an investment firm that supports bold and purpose-driven founders in various sectors including deep tech, insurtech, fintech, and climate tech.
HDI Group
HDI Group is a prominent company operating within the global insurance industry, providing significant backing for innovative risk management solutions.
FirstMark Capital
FirstMark Capital is a New York-based venture firm specializing in early-stage investments across the information and document management sectors.
What's next for Parametrix?
With the successful closure of this major strategic investment, Parametrix is poised to accelerate its product development and market penetration. The company's focus remains on enhancing its cloud outage analytics and expanding its portfolio of risk transfer solutions to meet the demands of a digital-first economy. As enterprises continue to migrate critical infrastructure to the cloud, the demand for Parametrix's specialized hedging tools is expected to rise. The firm will likely utilize this capital to strengthen its partnerships with global insurers and reinsurers, further solidifying its role as a vital component in the modern corporate risk management stack.
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