Vesttoo
Risk-management Solutions for the P&C and Longevity Insurance Markets
Company Overview
Snapshot
Founded in April 2018 by Yaniv Bertele, Alon Lifshitz, and Ben Zickel, Vesttoo operates with 11–50 employees. The company has raised a total of $103.25 million across 7 funding rounds from 13 investors.
Business overview
Vesttoo specializes in data-driven risk-management solutions for the Property & Casualty (P&C) and longevity insurance markets. The company leverages proprietary AI and machine learning stochastic algorithms to transfer general insurance, lapse, and longevity risk to the capital markets. This technology provides insurers and pension funds with strategic risk transfer options, while offering investors uncorrelated, high-yield investments. Vesttoo's platform handles all aspects of these deals, transforming how securities are structured, offered, and traded within the Fintech & Insurtech sector.
Strategic signal
In August 2023, Vesttoo's founders were officially fired by the board following a fraud investigation, indicating significant internal governance issues. This development signals a critical operational and leadership crisis, raising concerns about the company's stability and future viability for investors and innovation teams.
Company Intelligence Q&A
- What is Vesttoo's current operational status?
- Vesttoo is currently non-active and ceased to operate in August 2024.
- When was Vesttoo founded and by whom?
- Vesttoo was founded in April 2018 by Yaniv Bertele, Alon Lifshitz, and Ben Zickel.
- What was a significant funding event for Vesttoo?
- In October 2022, Vesttoo completed a Series C funding round with Mouro Capital as a lead investor.
- What was the outcome of the fraud investigation concerning Vesttoo's founders?
- In August 2023, Vesttoo's board officially fired the founders following the conclusion of a fraud investigation.
- What was the nature of the partnership announced in August 2022?
- In August 2022, Vesttoo and Clear Blue announced a $1 billion partnership to provide insurance-linked securities capacity to Clear Blue's managing general underwriters and coverages.