Betterview, a San Francisco, CA-based insurtech company that allows insurers to identify and manage real property risk, completed a new round of funding of undisclosed amount.
Backers included existing investors EMC Insurance, Guidewire Software, Nationwide, MaidenRE, and ManchesterStory.
The company intends to use the funds to continue its growth, support its path to profitability in 2023, and provide customers with new and enhanced products and features. Recent enhancements include launching specialized risk insights for event-specific perils and a CAT-Response System, empowering insurers’ rapid and proactive response to severe weather events.
Led by David Lyman, co-founder and chief executive officer, and David Tobias, co-founder and chief operating officer, Betterview is a Property Intelligence & Risk Management Platform for P&C insurers to identify and mitigate risk, improve operational and inspection efficiency, and build a more transparent customer experience throughout the policy lifecycle.
The investment follows a 2022, during which Betterview achieved phenomenal customer growth—with 68 active insurers on the platform—and nearly doubled revenue despite a difficult macroeconomic environment. The company also increased strategic partnerships with geospatial and property intelligence providers, including HazardHub (from Guidewire), e2Value, Canopy Weather, Redzone, Iceye, and JMI Reports, expanding the Betterview PartnerHub ecosystem to 37 companies.