(Bloomberg) — Israeli startup Vesttoo has raised $15 million in new funding to expand its services helping insurance companies mitigate their risk.
Banco Santander SA-backed Mouro Capital led the funding round, which also included the corporate venture capital fund of Japan-based MS&AD Insurance Group Holdings, according to a statement on Monday. Vesttoo was valued at $300 million, said people familiar with the matter, who asked for anonymity because the matter isn’t public.
Vesttoo operates a reinsurance marketplace that lets insurers sell assets linked to life and property and casualty insurance to institutional investors. The company also received funding three months ago from Hanaco Ventures.
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