Urbanico

Company Overview

Snapshot

Founded in January 2020 by Yuval Shafrir, Urbanico operates with 1–10 employees. The company has raised $3.4 million across three funding rounds from three investors. In May 2023, Urbanico secured an extension round with Jumpspeed Ventures as a lead investor.

Business overview

Urbanico has developed an urban intelligence platform designed to provide US insurance carriers with curated risk factors based on hyper-localized urban data. The platform analyzes billions of deep urban data points from thousands of local governments to forecast contextual perils such as theft, vandalism, fire, and bodily injury at a granular level. By integrating these forecasts, Urbanico aims to refine carriers' risk selection and underwriting guidelines, monitor their policy books in real-time, and reduce loss ratios for new business and renewals. The company operates in the Fintech & Insurtech sector, specifically within Insurtech, targeting the North American and Israeli markets.

Strategic signal

In August 2023, Urbanico was recognized for its innovative approach in the insurance sector, winning a competition held by Menora Mivtachim. This achievement highlights the company's validated potential within the industry and signals its ability to gain traction and recognition from established insurance providers, indicating a strong market fit for its hyper-local urban risk intelligence platform.

Company Intelligence Q&A

What is Urbanico's current operational status?

Urbanico is currently non-active, having ceased operations in July 2025.

When was Urbanico founded and by whom?

Urbanico was founded in January 2020 by Yuval Shafrir.

What was Urbanico's most recent funding activity?

In May 2023, Urbanico secured an extension Seed funding round. Jumpspeed Ventures led this round, with participation from OurCrowd.

How much capital has Urbanico raised in total?

Urbanico has raised a total of $3.4 million across three funding rounds.

What recognition did Urbanico receive in August 2023?

In August 2023, Urbanico won a competition organized by Menora Mivtachim, an insurance company, for its innovative insurance technology.