Raincoat logo — Democratizing access to financial resilience in the face of...

Raincoat

Democratizing access to financial resilience in the face of natural disasters.

Founded 2019 United States San Juan, United States 32 employees Grant Total: $11.43M Financial Services, Fintech +2

General Information

Company Name Raincoat
Founded Year 2019
Location United States San Juan, United States
Employees 32
Industries Financial Services, Fintech, Insurance +1
Funding Stage Grant
Social

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About Raincoat

Raincoat is a 2020-founded startup with a mission to democratize access to financial resilience in the face of natural disasters. The company's focus lies in developing the next generation of parametric insurance at scale, with a team comprising engineers, scientists, UX designers, and insurance experts. Raincoat operates in the Financial Services, Fintech, Insurance, and Insurtech industries, with its headquarters located in the United States. The latest investment in Raincoat amounted to $125.00K, presented as a grant investment on 04 October 2023. This investment came from the Verizon Climate Resilience Prize. The startup collaborates with insurers, reinsurers, and governments in the development and distribution of innovative solutions, positioning itself as a potential disruptor in the insurance landscape.

Business keywords: parametric insurance, climate resilience, disaster insurance, insurance technology, embedded insurance, climate risk management, scalable solutions, insurtech, financial resilience, natural disaster preparedness

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Grant $150.00K 1
Google for Startups
25 Jun 2024
Grant $125.00K 1
Verizon Climate Resilience Prize
04 Oct 2023
Seed Round $6.50M 4
Two Sigma Ventures, Alma Mundi Ventures +2
26 Jun 2023
Seed Round $4.50M 4
Anthemis Group, Popular +2
02 Aug 2022
Pre Seed Round $150.00K -
01 Jan 2020

Raincoat Alternatives & Competitors

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Raincoat vs
Parametrix
Parametrix United States

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Series A
35 employees
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Raincoat vs

A new generation of insurance that builds resilience against climate, cyber, and emerging risks

Series B
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Raincoat vs

Derisking urban areas through location intelligence-driven, automated, parametric insurance technolo...

Pre-Seed
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FAQ About Raincoat

Democratizing access to financial resilience in the face of natural disasters.
Raincoat was founded in 2019.
Raincoat is headquartered in San Juan, United States.
Raincoat operates in Financial Services, Fintech, Insurance and Insurtech. Its work centres on parametric insurance, climate resilience, disaster insurance and insurance technology.
Raincoat has approximately 32 employees.
Raincoat has completed 5 funding rounds, raising a total of $11.43M. The latest funding stage is Grant.
Top alternatives and competitors to Raincoat include Parametrix, Descartes Underwriting, Baoba Parametrics, FutureProof Technologies , Majesco. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Raincoat and Parametrix are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Raincoat, https://bouncewatch.com/company/raincoat, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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