Google insures against bad weather

Mar 2, 2011 • James Mawson

The other members of the consortium besides Google Ventures in backing WeatherBill were media-focused investment banks Allen & Company and Code Advisors and venture capital firms Khosla Ventures, New Enterprise Associates, Index Ventures, First Round Capital and Atomico.

Google Ventures, the corporate venturing unit of online search engine Google, has joined a consortium backing two of its former employees who set up WeatherBill, a US-based weather insurer and has raised $42m in its series B round.

The other members of the consortium were media-focused investment banks Allen & Company and Code Advisors and venture capital firms Khosla Ventures, New Enterprise Associates, Index Ventures, First Round Capital and Atomico. WeatherBill’s A round raised $12.5m in November 2007 after previous…

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