The Demex Group
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The Demex Group - overview
Established
2020
Location
New York, NY, US
Primary Industry
Insurance
About
Founded in 2020 and based in the District of Columbia, US, The Demex Group is an independent data and analytics company. In August 2024, The Demex Group raised USD 10. 25 million in series A funding led by Congruent Ventures, with participation from Moxxie Ventures, MetaProp, and Blue Bear Capital. As of 2024, the company is led by its president and CEO, Bill Clark.
The Demex Group uses risk analytics and intelligence technology to offer reinsurance and climate risk management solutions to the insurance and corporate sectors. The company offers two main products: retained climate risk reinsurance (RCR) and operational climate risk coverage (OCR). RCR protects insurers against financial losses from non-catastrophic weather events. OCR helps businesses reduce the financial impact of weather events that happen often.
The company plans to use the funding from August 2024 to expand its weather-related risk solutions, strengthen support for insurers, and grow its operations and development efforts.
Current Investors
IA Capital Group, Anthemis, Blue Bear Capital
Primary Industry
Insurance
Sub Industries
Insurance Intermediaries, Reinsurance
Website
www.thedemexgroup.com
Verticals
Artificial Intelligence, Big Data, InsureTech
Company Stage
Series A
Total Amount Raised
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