FutureProof is a San Diego, CA-based climate-smart property-and-casualty insurtech that provides a platform to make AI projections of asset-level losses from hurricane wind and flood to power insurance underwriting. Led by CEO Alisa Valderrama and Chief Insurance Officer Fid Norton, the company offers climate-smart insurance products intended to help close the coverage gap and motivate investment in climate adaptation. The company raised $6.5M in the reported round, bringing total capital raised to nearly $10M. Investors in the round included AXIS Digital Ventures (lead), Innovation Endeavors and MS&AD Ventures. FutureProof plans to use the funds to add top underwriting, portfolio risk management, and engineering talent. FutureProof is a San Diego-based fintech developing financial technology to enable asset managers, banks, and insurance-sector institutions to quantify and manage the financial impacts of climate change. The company's technology is focused on projecting the financial implications of climate change. It targets asset managers, banks, and insurers as customers. In June 2021 the startup raised $3M in a funding round. The company has partnered with Tishman Speyer and Equilibrium Capital as part of the funding effort. Alisa Valderrama is CEO and co-founder; co-founders also include Dr. Alexander Gelber, a former senior U.S. Department of the Treasury economic policy official.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

May 2022