Cambridge Innovation Capital and Parkwalk Advisors have both returned to back a $32.6m series B round for Cytora, an insurance technology spinout of Cambridge.
Cytora, a UK-based insurance technology spinout of University of Cambridge, raised £25m ($32.6m) in a series B round today backed by Cambridge Innovation Capital (CIC), the patient capital fund affiliated with the university.
Parkwalk Advisors, the fund management subsidiary of commercialisation firm IP Group, also participated in the round, which was led by venture capital firm EQT Ventures and included assorted angel investors.
Founded in 2014, Cytora has built a commercial insurance underwriting platform that relies on artificial…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
