Riskwolf raises CHF750K to turbocharge its parametric platform and accelerate its growth

04.06.2021 17:09, Guillaume Tinsel

The Zurich-based InsurTech Riskwolf has successfully completed its first external funding round. This pre-seed investment was led by SICTIC (Switzerland’s largest and most active business angel network) with participation from angels and professional investors in Europe, in the United States and Asia. This round welcomes more than 10 investors from 6 countries across 3 continents into the Riskwolf family.

The world is in the midst of a seismic shift in the way we work, travel and consume, driven by the digitalization of every aspect of our lives. As a result, new, uninsured risks are emerging. In 2019 alone, several billion user hours were lost due to Internet outages and network downtimes exposing a multi-billion dollar coverage gap.

Riskwolf is building the technology platform to deliver customized, parametric insurance to fill this significant protection gap and create innovative, untapped markets for the insurance industry. Its highly optimized platform can detect internet outages, model the insurance risks, and make payouts in real-time. Riskwolf will use this investment to expand its product line, turbocharge its real-time, data-driven technology platform and accelerate its growth while building out its remote-first team. The team currently has members in Switzerland, Austria, Germany, Slovakia, the UK, Singapore, and India.

“Riskwolf was founded at the beginning of 2020 to unlock large, innovative insurance markets built on the newly emerging digital economy risks”, says CEO Thomas Krapf who co-founded the company with CTO René Papesch: “The idea is to bring parametric insurance to any insurer and give them the capabilities to underwrite internet downtimes and outages on a global scale.”

Riskwolf is part of the Venture Leaders Mobile 2021 team that will fly to Barcelona for a one-week roadshow in late June 2021 to accelerate their expansion into the European market and build an exceptional business network through meetings with top-notch investors and industry leaders.