What is re?
Founded in 2020, re operates a blockchain-powered reinsurance marketplace designed to provide investors with access to insurance premiums, an asset class characterized by its low correlation with traditional markets. The company's protocol seeks to streamline and democratize access to this significant financial sector, positioning itself as an innovator in insurtech and blockchain applications.
How much funding has re raised?
re has raised a total of $14M across 1 funding round:
Angel/Seed
$14M
Angel/Seed (2022): $14M with participation from Exor, Framework, SiriusPoint, DEFY, Tribe Capital Growth Corp I, Stratos Wealth Partners, and Morgan Creek Digital
Key Investors in re
SiriusPoint
SiriusPoint is a global insurance and reinsurance company, created from the merger of Third Point Reinsurance and Sirius Group. SiriusPoint is headquartered in Pembroke, Bermuda, and its participation suggests a strategic interest in innovative reinsurance solutions.
DEFY
DEFY is a family entertainment company with numerous locations nationwide. Their investment in re, a blockchain reinsurance marketplace, indicates a diversification strategy or an interest in emerging technologies beyond their core business.
Stratos Wealth Partners
Stratos Wealth Partners is an SEC Registered Investment Advisor managing significant advisory and brokerage assets. Their involvement in re's funding round points to an interest in alternative asset classes and blockchain-based financial instruments for wealth management.
What's next for re?
With a major strategic investment and a total funding context indicating enterprise-level backing, re is poised for significant scaling and market penetration. The company's focus on blockchain technology within the reinsurance space suggests a strategic direction towards increasing transparency, efficiency, and accessibility for both insurers and investors. Future developments will likely involve expanding the protocol's reach, onboarding more participants, and further solidifying its position as a key player in the evolving insurtech landscape.
See full re company page
