How much funding has Demex raised?

Demex has raised $28.4M in total funding, most recently a Series A round.

Who are Demex's investors?

Demex's investors include Blue Bear Capital, Anthemis Group, IA Capital Group, Congruent Ventures, Moxxie Ventures, MetaProp.

Where is Demex headquartered?

Demex is headquartered in New York, New York, United States.

What industry is Demex in?

Demex operates in Climate Tech, Fintech.

Demex

Breakthrough reinsurance solutions for secondary weather perils.

New York, United States · Founded 2020 · $28.4M raised

Climate Tech

Fintech

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.