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Arbol Raises $60 Million in Series B Funding

Arbol Raises $60 Million in Series B Funding

ArbolA leading climate risk solutions provider operating in 15 countries has announced the successful closing of a $60 million Series B funding round. Jointly led by Giant Ventures and Opera Tech Ventures, with participation from Mubadala Capital, the investment comes at a critical time after a year of extreme weather events, which is a weather risk insurance solution. highlights the urgent need for

In response to the growing climate crisis, Arbol's funding injection is poised to revolutionize climate risk insurance by advancing parametric insurance offerings. Parametric insurance, which relies on predefined climate data triggers such as rainfall levels or temperature ranges, enables fast and objective payouts after catastrophic events, compared to manual loss estimates. Prevents delays associated with By streamlining the distribution of financial assistance to affected communities, Arbol aims to reduce the profound economic impact of climate disasters.

Arbol CEO and Founder, Sid Jha expressed the importance of this funding round in furthering Arbol's mission to standardize parametric financial products globally. He emphasized the company's commitment to empower diverse stakeholders, from small-scale farmers to multinational corporations, with access to robust climate risk management tools. Arbol's innovative approach integrates automated structuring, AI-powered underwriting, and user-friendly platforms to offer scalable and customizable insurance solutions.

The newly secured capital will fuel Arbol's expansion initiatives, particularly in the agriculture and renewable energy sectors, while supporting its global outreach efforts. To strengthen its presence in the life-casualty (P&C) and home insurance markets. In particular, Arbol seeks to collaborate with financial institutions to address emerging climate risk challenges, bridging the gap between traditional insurance models and changing environmental realities.

Cameron McLean, co-founder and managing partner of Giant Ventures, highlighted Arbol's important role in reshaping climate adaptation strategies and strengthening the global financial infrastructure. Thibaut Schlaeppi, Managing Director of Opera Tech Ventures, emphasized the need for scalable and economically sustainable hedging solutions amid the increasing impacts of climate change.

Arbol's remarkable momentum, reflected by its $250 million gross written premium (GWP) by 2023 and strategic initiatives such as Lily Pad Insurance, reflects its unwavering commitment to innovation and flexibility. The Series B funding underscores Arbol's leadership in climate risk management solutions and its dedication to addressing the urgent challenges posed by global climate change.

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