Security News > 2021 > February > DynaRisk extends seed funding to accelerate market growth

DynaRisk announced an extension of their seed funding round, bringing total funding to over $3m. This round of funding was led by Nexus Investments with participation from existing investors Insurance Capital Partners and Jonathan Marland.

DynaRisk traverses 2 of the 4 areas of Nexus's investment focus and expertise: Data & Digital says Matthew O'Kane, Managing Director of Nexus Investments.

We are very excited to both announce the 12th new member of our Nexus Scale-Up Fund portfolio, and to partner with Dynarisk on its next stage of growth, in particular as it scales into the very promising US Insurtech market.

We are thrilled to welcome Nexus as partners in helping us grow our business in the exciting InsureTech vertical says Andrew Martin, Founder & CEO of DynaRisk.

The need for risk management tools for cyber insurance providers is accelerating due to explosive market growth for this type of policy.

With the conclusion of this funding round, Andrew Martin has relocated from London to Toronto in order to lead the company's expansion in this new market as it looks towards a Series A in 2021.

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