Urbanico

Company Overview

Snapshot

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

Business overview

Urbanico develops an urban intelligence platform designed for US insurance carriers. The platform provides curated risk factors based on hyper-localized urban data, enabling carriers to refine risk selection and underwriting guidelines while monitoring their policy books in real-time. Utilizing billions of deep urban data points from thousands of local governments, Urbanico forecasts contextual perils such as theft, vandalism, fire, and bodily injury at a granular level. The company's technology aims to significantly reduce loss ratios for tier-1 carriers, serving the Fintech & Insurtech sector with a focus on risk management and smart city applications.

Strategic signal

In August 2023, Urbanico won an insurance startup competition hosted by Menora Mivtachim, signaling industry recognition and validation for its hyper-local urban risk intelligence platform. This achievement highlights the company's innovative approach to leveraging granular data for risk assessment in the insurance sector, potentially attracting further partnerships and investment as it demonstrates its value proposition to established players.

Company Intelligence Q&A

What is Urbanico's primary business?

Urbanico provides a hyper-local urban risk intelligence platform for US insurance carriers, offering curated risk factors based on detailed urban data to refine risk selection and underwriting.

When was Urbanico founded?

Urbanico was founded in January 2020.

How much capital has Urbanico raised to date?

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

Which investors participated in Urbanico's May 2023 funding round?

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

What was a notable achievement for Urbanico in August 2023?

In August 2023, Urbanico won an insurance startup competition organized by Menora Mivtachim.