Participated · Series A · Jan 2023

Floodbase is a parametric platform that insures uncovered economic flood risk, continuously monitoring flooding worldwide using more than a decade of peer‑reviewed science. Its platform powers flood insurance programs for corporate and public‑sector clients and is used by leading re/insurers including Swiss Re Corporate Solutions, Liberty Mutual Re, and AXA Climate. Since its 2023 Series A, Floodbase has operated across 40+ countries and enabled more than 9,000 flood insurance policies. The company also supports FEMA, the UN, and The New York Times to identify and respond to major flood events. Floodbase plans to accelerate development of new flood insurance programs and cement its position as the industry standard for this emerging category of flood insurance. Co‑founded by Bessie Schwarz and Dr. Beth Tellman, Floodbase has raised $17 million in venture capital to date and emphasizes rapid, flexible liquidity to cover broader economic losses from floods. Floodbase is a New York-based climate adaptation technology company led by CEO Bessie Schwarz that provides precise, near real-time data and analysis on flooding and flood risk. Its platform is powered by 15 satellites, machine learning, and on-the-ground data to deliver satellite imagery, historical data, and modeling. Floodbase produces precise predictions of flood locations and severity and near-real-time measurements of flooding events. The company supplies data to insurance companies and governments to inform flood preparedness, recovery decisions, and parametric policy payouts. Floodbase raised $12M in a Series A and intends to use the funds to make parametric flood insurance policies available worldwide, protecting consumers and supporting climate change adaptation. Its combination of technologies can create new options for the previously uninsured.