The round was led by existing investor BHL UK, owner of Comparethemarket, with participation from new investor and Fortune 500 insurer The Hartford, and existing investors.
The company intends to use the funds to:
- further develop its underwriting and broking capabilities, enhanced by machine learning;
- grow its range of dynamic insurance products and services for international distribution; and
- build upon its existing embedded partnership capabilities.
Led by Cameron Shearer, CEO, Superscript is a business insurance provider which has delivered more than a fivefold increase in active customers and secured major partners such as Amazon Business and Virgin Money Bank. It also landed a Lloyd’s of London broker licence in 2020, and launched a Lloyd’s-backed product for digital asset businesses in 2022.