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WEBSITE
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SECTOR
Financial Technology and Services
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INVESTMENT YEAR
2023
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STATUS
Current
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LOCATION
St. Petersburg, FL
Neptune
Leading digital insurtech platform and private flood insurance provider.
Investment Theme
The flood insurance market is currently dominated by a FEMA-backed organization offering highly limited policies. Neptune offers a digital platform that enables insurance agents and customers to obtain coverage in mere minutes. Neptune provides affordable and value-added flood insurance policies to homeowners, renters and businesses in 48 states and Washington, D.C. Neptune’s proprietary technology to automate underwriting and policy administration allows them to outperform loss ratios in their segments and offer a more attractive risk profile to reinsurers.