WeatherBill offers weather coverage to weather-sensitive businesses large and small such as outdoor events, travel companies, ski resorts, farms, amusement parks, farms and other agribusinesses. This is not insurance. Instead of a claims process or proof of loss, weather coverage pays based on weather station measurements.
WeatherBill offers the only weather coverage that can be purchased online or over the phone to protect revenue and control costs from bad weather.
The company, founded by former Googlers David Friedberg and Siraj Khaliq and backed by weather risk and catastrophe reinsurance fund manager, Nephila Capital, recently announced the launch of WeatherBill White Label.
The new platform is a complete technology solution that powers branded third party weather insurance and has the capacity to automate weather coverage pricing, transaction processing, and risk management functions, while providing automated client, broker, and internal sales applications.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| Seed | 4M | Radar Ventures, NetService Ventures Group, Dynafund Ventures, Forrest Binkley and Brown | Unknown | |
| 10/01/07 | Series A | 12.5M | Moore Capital, Phillips Smith Specialty Group, Times Mirror Company, Tredegar Investments, Vanguard Ventures, Mellon Ventures, netWorth Partners, Starbucks, Pyramid Technology Fund | Unknown |
| 10/17/07 | Series B | 14.6M | Invetus Capital, RSL Venture Partners, Pinnacle Investment Partners, Israel Corps, Baseine Ventures, Venture 51, Tengelmann Ventures, Kleiner Perkins,, Ascent Ventures, FA Tech | Unknown |
| View more financial info about WeatherBill | ||||