Descartes Underwriting, a global corporate parametric insurance specialist based in Paris, has secured a strategic investment from Battery Ventures, a prominent technology-focused investment firm. The undisclosed investment amount was executed at a premium to Descartes’ most recent Series B valuation, showcasing Battery Ventures’ confidence in the company’s growth potential.
This investment allows Battery Ventures to join Descartes Underwriting’s shareholder base, while existing investors will retain a significant majority of their holdings. The partnership between Descartes Underwriting and Battery Ventures is expected to drive further innovation and expansion in the parametric insurance space, particularly in addressing climate and emerging risks.
Descartes Underwriting specializes in providing parametric insurance solutions that leverage data analytics and technology to offer customized coverage for a wide range of risks. By utilizing advanced modeling techniques, the company aims to deliver efficient and transparent insurance products that meet the evolving needs of businesses and industries worldwide.
Battery Ventures’ decision to invest in Descartes Underwriting underscores the growing interest in insurtech companies that are at the forefront of leveraging technology to transform the insurance industry. The collaboration between the two firms is poised to enhance Descartes Underwriting’s capabilities and accelerate its growth trajectory in the global insurance market.
According to industry experts, the partnership between Descartes Underwriting and Battery Ventures could have far-reaching implications for the insurance sector. By combining Descartes’ expertise in parametric insurance with Battery Ventures’ financial backing and strategic guidance, the companies have the potential to drive significant innovation and disruption in the market.
The investment from Battery Ventures comes at a crucial time when the insurance industry is facing increasing pressure to adapt to changing risk landscapes and customer expectations. Descartes Underwriting’s focus on parametric insurance solutions positions the company as a key player in addressing emerging risks related to climate change, natural disasters, and other complex challenges.
Overall, the strategic investment from Battery Ventures is expected to fuel Descartes Underwriting’s growth ambitions and strengthen its position as a leading provider of parametric insurance solutions globally. The collaboration underscores the importance of technology and innovation in driving the future of the insurance industry, while also highlighting the value of strategic partnerships in unlocking new opportunities for growth and expansion.
References:
1. Descartes Underwriting secures investment from Battery Ventures – Reinsurance News [https://www.reinsurancene.ws/descartes-underwriting-secures-investment-from-battery-ventures/]
2. Parametric Insurer Descartes Receives Investment From Battery Ventures – Insurance Journal [https://www.insurancejournal.com/news/international/2025/06/18/828357.htm]
