Participated · Equity · Feb 2025

Renew Risk builds proprietary risk models and analytics for renewable energy assets, supplying (re)insurers, brokers, bankers, developers and asset managers with insights into physical hazards. Its models quantify risks from events such as hurricanes, earthquakes and severe connective storms affecting offshore wind farms and solar farms. The platform enables financial-market participants to make data-driven decisions, supporting more resilient and sustainable coverage and investments. Renew Risk has established itself as a trusted partner within the insurance industry, with a number of clients currently using the product. With the new £5 million funding, the company plans to scale by enhancing its risk-model suite, expanding its team of risk modellers and climate experts, and extending its market reach globally. Renew Risk is a London-based clean-energy risk analytics SaaS company that provides risk assessment solutions for (re)insurers, insurance brokers, and offshore wind developers. Led by CEO Ashima Gupta, its data-science-driven risk modelling software calculates the frequency and severity of financial losses due to natural disasters for billion-dollar renewable energy assets constructed offshore and in disaster-prone regions. The product enables (re)insurers to understand risk and confidently provide capacity, helping secure insurance and thereby facilitate financing for large offshore wind projects. Renew Risk already has models live with global (re)insurers supporting the transition to green energy. The company raised £1.7M in Seed funding and plans to use the proceeds to engage customers across the US and Asia and to build products covering additional asset classes.

Participated · Seed · Jul 2020

Layr offers a cloud-based platform and services that modernize the complex, manual workflows of small-business insurance for independent brokerages. Its tools let brokers serve up to six times more small-business clients by digitizing paperwork, eliminating manual invoices and checks, and automating carrier integrations and workflows. Policyholders access a white-labeled, secure online portal to shop for or renew coverage, file claims, generate documents, and pay bills 24×7. The platform includes a broker-facing analytics dashboard that surfaces insights and trends to improve operations and margins. Layr plans to use new financing to expand go-to-market operations and bolster platform functionality for brokers. The company positions its product as a way to move broker small-business units into higher-margin territory while improving policyholder experience. Layr is an Atlanta, GA-based insurtech company that uses AI and machine learning to help brokerages and agencies manage small commercial insurance books. Its AI-powered cloud platform digitizes the insurance process by enabling brokers to sell, service, and renew policies through a private-labeled service center. Proprietary algorithms quote pricing while simultaneously shopping pre-written packages to underwriters without broker touch or APIs, and placed policies allow end-clients to self-service and access proof of insurance from broker-branded portals. Layr currently supports P&C agencies and brokerages across all 50 states and helps sell and service tens of millions of dollars of premium across their books. The company plans to double its team, grow its presence among insurance agents and brokers, add technology advancements, and expand offerings to provide tailored solutions to agencies of all sizes. Led by founder and CEO Phillip Naples, Layr intends to release new features and partner with technology providers to better support independent brokers. Layr operates a cloud insurance platform that automates sourcing, purchasing and managing small commercial insurance using AI and machine learning. The company provides tailored policy recommendations and coverage limits and partners with carriers and traditional brokers to distribute policies. Since launching its platform in 2018, Layr has placed more than $2B of aggregate coverage limits across thousands of policies. Layr plans to use new funding to expand AI/ML capabilities for the next version of its platform, including intelligent recommendations and a streamlined application process. The company was co-founded in 2016 by Phillip Naples and Andrew Egenes and was incubated in the first cohort of Lloyd’s Lab.