Monday
May 6
2019

WorldCover Raises $6m Round for Emerging Markets’ Climate Insurance

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
Tags
agriculture, agtech, climate change, emerging markets, environment, smallholder farmers, startups