Demex
Breakthrough reinsurance solutions for secondary weather perils.
New York, United States · Founded 2020 · $28.4M raised
- Headquarters
- New York, New York
- Employees
- 11–50
- Founded
- 2020
- Business Model
- B2B
- Website
- thedemexgroup.com
- Total Funding
- $28.4M
- Last Round
- $10.3M Series ASep 2024
- Rounds
- 4
About
The Demex Group is a technology-enabled managing general agent (MGA) and climate risk analytics firm that provides breakthrough reinsurance solutions for secondary weather perils including severe convective storms and winter storms. Founded in 2020 and headquartered in New York City, Demex partners with reinsurance brokers, insurers, and reinsurers to mitigate the economic impacts of accumulating non-catastrophic weather losses through its modeled-loss reinsurance products. The company's solutions — Severe Convective Storm Reinsurance (SCS Re) and Winter Storm Reinsurance (WS Re) — enable insurers to protect annual earnings and credit ratings in an increasingly volatile climate market.
Summary
Demex is a Climate Tech company based in New York, United States, founded in 2020. It has raised $28.4M in total across 4 rounds, most recently a $10.3M Series A round in Sep 2024. Investors include Blue Bear Capital, Anthemis Group and IA Capital Group.
Tech & App Stack
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Funding History
Sep 2024
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
Investors
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