The Zurich-based InsurTech Riskwolf is excited to announce it has successfully completed its first
external funding round. This pre-seed investment was led by SICTIC (Switzerland’s largest and
most active business angel network) with participation from angels and professional investors in
Europe, in the United States and Asia. This round welcomes more than 10 investors from 6
countries across 3 continents into the Riskwolf family.
"SICTIC investors see a huge business opportunity in Riskwolf's parametric insurance platform as
a basis for many innovative insurance offerings. Working with the experienced founders and
international team is a pleasure.” says Thomas Dübendorfer, SICTIC President and Lead Investor -
representing a strong group of SICTIC’s angel investors.
The world is in the midst of a seismic shift in the way we work, travel and consume, driven by the
digitalization of every aspect of our lives. As a result, new, uninsured risks are emerging. In 2019
alone, several billion user hours were lost due to Internet outages and network downtimes
exposing a multi-billion dollar coverage gap.
Riskwolf is building the technology platform to deliver customized, parametric insurance to fill
this significant protection gap and create innovative, untapped markets for the insurance
industry. Its highly optimized platform is capable of detecting internet outages, modeling the
insurance risks and making payouts in real time.
Jan Kastory, Founding Partner & LP at astorya.vc, a Paris-based InsurTech VC, says: “When claim
payouts are pre-agreed, objective and instant, the most ungrateful insurance process suddenly
disappears. This is the beauty of parametric insurance. For the underinsured digital economy, the
telco and internet outages are only umbrella use cases. Defaulting payment APIs, SaaS
companies, telemedicine or e-learning platforms will follow. Riskwolf allows any (re)insurer to
enter the space. At astorya.vc, we are convinced by the way Thomas and René have been
delivering their vision thus far."
Riskwolf will use this investment to expand its product line, turbocharge its real-time, data-driven
technology platform and accelerate its growth while building out its remote-first team. The team
currently has members in Switzerland, Austria, Germany, Slovakia, the UK, Singapore, and India.
James Sanders, Investment Manager at F10, a Zurich based Fin-Tech Incubator and Accelerator,
adds: “It’s remarkable to see such a competent and focused team graduate from F10’s program
and position itself as a global InsurTech player."
“Riskwolf was founded at the beginning of 2020 to unlock large, innovative insurance markets
built on the newly emerging digital economy risks”, says CEO Thomas Krapf who co-founded the
company with CTO René Papesch: “The idea is to bring parametric insurance to any insurer and
give them the capabilities to underwrite internet downtimes and outages on a global scale.”
Riskwolf. Simple, Reliable and Fast.
ARTICLE WRITTEN BY: RISKWOLF