What is Spotted?
SpottedRisk, founded in 2016 by two former technology industry executives, operates as a private-equity backed specialty analytics and underwriting firm. The company has assembled an expert team comprising data scientists, research analysts, and veteran underwriters. SpottedRisk's core focus is on developing innovative, data-driven insurance products designed to address coverage gaps within the entertainment and event industries, among other specialized markets. By leveraging defensible analytics, the firm enhances the underwriting and evaluation of emerging and specialty risks, adeptly capitalizing on time-sensitive market dislocations. The company's analytical capabilities have garnered attention, with its insights being featured in numerous articles by prominent publications such as The New York Times, Variety, The Hollywood Reporter, and Adweek.
How much funding has Spotted raised?
Spotted has raised a total of $4.2M across 2 funding rounds:
Series A
$4M
Debt
$150K
Series A (2018): $4M with participation from Schooner Capital
Debt (2020): $150K led by PPP
Key Investors in Spotted
Schooner Capital
Schooner Capital, established in 1971, is an investment firm that focuses on sharing visions and fostering growth. The company offers a range of financial services and investment opportunities tailored to meet the needs of its clients. With a dedicated team and a diverse portfolio, Schooner Capital aims to support businesses in achieving their financial goals. Their intended clients include entrepreneurs and companies seeking investment and strategic guidance.
What's next for Spotted?
The recent major strategic investment signals a pivotal moment for SpottedRisk, likely enabling accelerated expansion of its data-driven insurance product offerings and further penetration into niche markets like entertainment and events. This capital infusion is expected to bolster its underwriting capabilities and analytical infrastructure, solidifying its position as a leader in addressing complex, emerging risks. The company's trajectory suggests a continued focus on leveraging its proprietary analytics to create tailored insurance solutions, potentially exploring new industry verticals or enhancing existing product lines to meet evolving market demands.
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