Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion.
The funding will also be used to recruit top underwriting talent and develop advanced technology infrastructure.
Founded by insurance and engineering experts, and led by Chris McKechnie and Sachith Gullapalli, Viviere aims to tackle misalignment across the insurance value chain and a lack of transparency.
“At Vivere, we aim to tackle these issues head-on with a foundation of strong underwriting, enhanced by data and technology,” said Chris McKechnie, founder and CEO of Vivere. “Our philosophy—Underwriting Driven, Tech Enabled—ensures our solutions are grounded in industry expertise and powered by innovation to stay ahead in a constantly evolving market.”
Thanks to the new capital the company is now positioned to quickly develop a business that concentrates on specialised insurance solutions, strong distribution collaborations, and disciplined underwriting,
Vivere CTO, Sachith Gullapalli, stated: “In a data-powered future, we see technology as a force multiplier within the underwriting process where analytics and innovation empower underwriters to make smarter and faster decisions. This will result in a highly collaborative synergy between human expertise and AI capabilities.”
General Catalyst’s managing director Marc Bhargava said: “We’re thrilled to partner with Vivere as they seek to redefine the specialty insurance industry utilizing applied AI.
“The combination of a deep insurance underwriting foundation and a differentiated approach to technology aligns perfectly with our belief in AI’s transformative potential. We’re confident Vivere will lead this transformation and deliver a new standard for the insurance experience.”
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