Spanish Insurtech Inari Secures US$5.2 Million in Funding to Advance Innovative Insurance Technology
Spanish Insurtech Inari Secures US$5.2 Million in Funding to Advance Innovative Insurance Technology
Inari, a Barcelona-based insurtech that provides core technology infrastructure for the global insurance and reinsurance sectors, has raised US$5.2 million in funding through a seed round led by Caixa Capital Risc in partnership with Criteria Venture Tech.

This substantial investment will serve as a catalyst for Inari’s ambitious long-term growth strategy, with plans to expand its workforce in both Barcelona and London, thereby extending its operational footprint. In addition to bolstering its team, this infusion of capital will empower Inari to enhance its technology offerings, catering to its existing (re)insurance clientele while also attracting new opportunities.

Inari specialises in delivering core insurance policy administration, underwriting dashboards, and bordereaux management systems. Its clientele spans a wide spectrum, including managing general agents, insurance carriers, Lloyd’s syndicates, and reinsurance companies across Europe, the Lloyd’s and London markets, the United States, Asia, and Bermuda.

The company’s platforms are renowned for providing modern, user-friendly tools capable of managing the entire policy lifecycle seamlessly. Furthermore, Inari’s solutions streamline the day-to-day management of (re)insurance processes, alleviating the burdens associated with these tasks.

According to reports, the funding will be used to accelerate its technological innovation and further solidify its position as a frontrunner in the ever-evolving insurance and reinsurance technology landscape.

In a statement released to the press, Inari said their platforms “provide a modern, easy-to-use tool that manages the end-to-end policy lifecycle while handling the ‘heavy lifting’ of day-to-day (re)insurance process management.”

Frank Perkins, CEO at Inari, explained: “Today’s announcement validates inari’s vision, value and year-on-year track record as part of our mission to revolutionise the (re)insurance industry, establishing Inari as a core technology provider that is trusted and valued by the insurance industry and is attracting talent and investors. the funding will support enhancements to our product offering, enable us to add to our team’s insurance industry and technology expertise and to expand globally.”

“Inari’s innovative approach to insurance infrastructure has the power to redefine how we perceive risk and resilience in the insurance sector,” said Xavier Álvarez, director of tech funds at Caixa Capital Risc.

He added: “Our investment signifies our belief in their vision and our commitment to fostering innovation in industries ripe for change.”

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