WorldCover Raises $6m Round for Emerging Markets’ Climate Insurance
Monday, May 6, 2019
By Jake Bright
WorldCover, a New York and Africa-based climate insurance provider to smallholder farmers, has raised a $6 million Series A round led by MS&AD Ventures.
Y Combinator, Western Technology Investment and EchoVC also participated in the round.
WorldCover’s platform uses satellite imagery, on-ground sensors, mobile phones and data analytics to create insurance options for farmers whose crop yields are affected adversely by weather events — primarily lack of rain.
Photo courtesy of Neil Palmer.
Source: TechCrunch (link opens in a new window)
- Categories
- Agriculture, Environment, Finance
