Floodbase Announces Ecosystem Integrity Fund as new Investment Partner, to Accelerate Growth as the Leading Platform for Uncovered Flood Risk
- Editor
- Feb 24
- 1 min read
Whats Happening:
Floodbase, a parametric platform for insuring uncovered flood risk, has secured a $5 million investment led by Ecosystem Integrity Fund (EIF) with participation from Pulse Fund. This funding will accelerate the development of flood insurance programs, strengthening Floodbase's position as the industry standard for a new category of flood insurance.
Key Moves:
Floodbase secures $5 million investment led by Ecosystem Integrity Fund
Funding to accelerate development of flood insurance programs
Floodbase aims to close the global flood protection gap
By The Numbers:
83% of global economic flood loss over the past decade was uninsured
Hurricane Helene caused $75 billion in economic loss in 2024
Floodbase has enabled more than 9,000 flood insurance policies across 40+ countries
Key Quotes:
"We're enabling a financial safety net that can cover any economic loss associated with a flood event," said Bessie Schwarz, Co-founder and CEO of Floodbase.
"New solutions are urgently needed to adapt to an increasingly volatile climate," said Sasha Brown, Partner at Ecosystem Integrity Fund.
"Floodbase's platform enables a much needed, new category of flood insurance products at a time when historic flood events, and the financial devastation they cause, are becoming the norm," said Pulse Fund Founder and Managing Partner, Tenzin Seldon.
Bottom Line:
Floodbase's $5 million investment from Ecosystem Integrity Fund and Pulse Fund highlights the growing demand for innovative flood insurance solutions. As climate change intensifies flood risks globally, Floodbase's parametric platform is poised to play a crucial role in closing the flood protection gap and providing financial resilience to businesses and communities worldwide.
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