XL Innovate led a $17m round for property data provider Cape Analytics that included Hartford, Nephila, CSAA, Cincinnati Insurance and State Auto Labs.
US-based property data startup Cape Analytics has raised $17m in a round led by XL Innovate, a corporate venturing subsidiary of insurance firm XL Catlin.
The round included fellow insurers and reinsurers Hartford, CSAA Insurance Group, Cincinnati Insurance Company and State Auto Labs, which took part through State Auto Labs Fund, as well as insurance risk-focused investment manager Nephila.
Formation 8, Data Collective, Khosla Ventures, Montage Ventures, Lux Capital and Promus Ventures also participated.
Founded in 2014, Cape Analytics has…
