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 +1
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.

Taxonomy: 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 •••••• 1 •••• •••• 25 Jun 2024
Grant •••••• 1 •••• •••• 04 Oct 2023
Seed Round •••••• 4
Investor Investor Investor
•••• ••••
26 Jun 2023
Seed Round •••••• 4
Investor Investor
•••• ••••
02 Aug 2022
Pre Seed Round •••••• - 01 Jan 2020

Raincoat Alternatives & Competitors

Raincoat vs
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Raincoat vs
Understory
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Raincoat vs
Sprout, Inc
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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 the following industries: Financial Services, Fintech, Insurance, Insurtech.
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 Blue Marble, Understory, Sprout, Inc, Sola, PULA. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Raincoat and Blue Marble 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.

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