Mitigrate, a climate insurtech and Lloyd’s Lab alumni, has received a strategic investment from Lloyd’s, with continued support from its existing investors.
Mitigrate is a ClimateTech SaaS startup offering a platform designed to reduce flood risk at the individual property level. Tailored for the commercial and residential insurance markets, the solution helps insurers reduce losses, advance sustainability goals, and deliver added value to policyholders.
The platform currently covers more than four million buildings in the Nordics and three million in the UK. As it finalises its UK expansion, Mitigrate is now welcoming proof-of-concept projects in London, with plans to enter additional European markets—including Germany—later this year.
Mitigrate is the first flood risk management platform built specifically for underwriting and claims professionals. It enables a proactive, end-to-end approach to flood risk across the entire insurance lifecycle.
The new investment will support continued product development and expansion into new markets, helping insurers embed resilience into their core operations.
Laurent Olivier Feuilleaubois, CEO and Founder of Mitigrate, said, “We’re incredibly proud to receive this backing from Lloyd’s.
“It’s a strong vote of confidence in the work we’re doing—proof that our platform delivers both commercial and social value. We’re grateful for Lloyd’s trust and excited to deepen our collaboration as we scale our impact.”
Rosie Denée, Head of Innovation, Commercial Education & Engagement at Lloyd’s, commented, “Mitigrate is transforming flood risk assessment with its cutting-edge software platform that provides property insurers with actionable recommendations to prevent flood damages. Mitigrate’s time in Lloyd’s Lab Cohort 11 helped refine its solution and accelerate its market adoption. We’re proud to support Mitigrate’s continued development through this investment – strengthening data-driven preventative solutions for one of our industry’s most complex challenges and enabling our market to manage flood risks with greater confidence and precision.”
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