Vesttoo Revenue, Valuation, Funding & Investors

Vesttoo is valued at $1B as of October 2022, a 6.3x multiple on its last reported $160M revenue.

Last Vesttoo valuation

$1B

Series C · Oct 2022

Last Vesttoo funding round

$80M

Series C · Oct 2022

Vesttoo revenue

$160M

Series C · Oct 2022

Key investors in Vesttoo

  • Hanaco Venture Capital
  • Mouro Capital
  • Goldman Sachs
  • MS&AD Ventures
  • Black River Ventures
  • Shure-Tech Investments

Vesttoo Overview

About Vesttoo

Vesttoo is an AI-powered marketplace for non-catastrophe insurance risk transfer connecting insurers and institutional investors. The Tel Aviv-based platform facilitates life and P&C reinsurance deals, parametric covers, and retrocessions with capital markets capacity, featuring regulator-approved machine learning models audited externally. Selected for accelerators like IBM Alpha Zone, Citigroup, Plug and Play, Fintech Innovation Lab, and NVIDIA Inception.


Founded

2018

HQ

IsraelTel Aviv

Status

Privately held

Customer focus

B2B

Revenue model

Commission, Subscription

Revenue

$160M (Oct 2022)

Valuation

$1B (Oct 2022)

Vesttoo Valuation

Vesttoo is currently valued at $1B, based on its Series C in October 2022.

The $80M round was led by bulge-bracket investment bank and Mouro Capital, with participation from Hanaco Venture Capital, Goldman Sachs and Black River Ventures.

Vesttoo's valuation has grown 45x from $22M at its seed round in April 2021 to $1B in October 2022, across 5 priced rounds.

Vesttoo valuation by funding round

Revenue multiple
Vesttoo valuation by funding round
DateStageValuationRevenue Multiple
Oct 2022Series C$1B6.3x
Jan 2022Secondary$300M10.0x
Nov 2021Series B$300M-
Aug 2021Series A$36M1.2x
Apr 2021Seed$22M-

Vesttoo Revenue

Vesttoo's latest recorded revenue is $160M, as of its Series C in October 2022. At a $1B valuation, that implies a 6.3x revenue multiple.

Revenue grew from $30M in August 2021 to $160M in October 2022, while the revenue multiple moved from 1.2x to 6.3x.

Vesttoo revenue by funding round

Vesttoo revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2022$160M$1B6.3xSeries C
Jan 2022$30M$300M10.0xSecondary
Aug 2021$30M$36M1.2xSeries A

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Vesttoo Funding History

Vesttoo has raised a total of $103M across 4 funding rounds, plus 1 secondary share sale.

Vesttoo's first fundraising round was a $2M seed round in April 2021. The most recent completed round was a $80M Series C in October 2022.

Vesttoo funding rounds

Vesttoo funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2022Series Cbulge-bracket investment bank (lead); Mouro Capital (lead); Hanaco Venture Capital; Goldman Sachs; Black River Ventures$80M$1BVesttoo is an Israeli insurtech company founded in 2018 that operates an AI-based marketplace platform facilitating the transfer of insurance risk to global capital investors, connecting cedents with reinsurance capacity from sources like insurance-linked securities. The platform provides data-driven analytics, risk modeling, premium quotes, and expedited placements for reinsurance products, targeting a low-volatility asset class uncorrelated to financial markets. With around 140 employees primarily in Israel and operations focused on US (85%) and European (15%) clients, Vesttoo generates revenue through a percentage of deals on its marketplace. On October 25, 2022, Vesttoo closed an $80 million Series C funding round, co-led by Mouro Capital (backed by Banco Santander) and a global private equity fund, with participation from a bulge-bracket investment bank, Gramercy Ventures, Black River Ventures, and Hanaco Ventures. This round achieved a post-money valuation of $1 billion, marking unicorn status and more than tripling the valuation from its prior $15 million Series B in November 2021 at $300 million post-money. The funding provides significant runway for business development amid insurance market cycles, with plans to expand globally, enhance the platform, pursue acquisitions for technology and sector growth, and support initiatives like a Bermuda-based collateralized reinsurer and a $1 billion capacity partnership with Clear Blue. Vesttoo reported reaching tens of millions of dollars in revenue during 2021 and claimed profitability, with CEO Yaniv Bertele stating tens of millions in EBITDA profit for 2021 and projecting three-digit (hundreds of millions) profit in 2022. The company had previously raised $6 million in Series A in August 2021 at $36 million valuation and smaller rounds earlier. By mid-2023, secondary transactions implied a reduced valuation of $785 million, signaling loss of unicorn status amid market challenges, though the October 2022 round highlighted resilience and strong investor confidence in its value proposition.
Jan 2022Secondary-$7M$300MVesttoo is an Israeli insurtech company operating an AI-based marketplace that connects insurance risk to capital from global investors. The company generates revenue by taking a percentage from each deal executed on its platform, with 85% of clients located in the United States and 15% in Europe. In November 2021, Vesttoo raised $15 million in funding at a company valuation of $300 million, representing significant growth from earlier funding rounds that year (a $6 million raise at $36 million valuation in August 2021). As of the end of 2021, Vesttoo reported revenues of $30 million and EBITDA of $20 million, demonstrating early profitability. The company's trajectory accelerated substantially in 2022, when it achieved unicorn status by raising $80 million at a $1 billion valuation in a Series C round led by Mouro Capital, with participation from Gramercy Ventures, Black River Ventures, and Hanaco Ventures. By the end of 2022, revenue had grown to approximately $110 million and EBITDA to an estimated $60 million, validating the significant valuation increase.
Nov 2021Series BMouro Capital (lead); MS&AD Ventures (lead)$15M$300M-
Aug 2021Series AHanaco Venture Capital (lead)$6M$36MVesttoo is an Israeli insurtech company founded in 2018 by CEO Yaniv Bertele, CPO Alon Lifshitz, and CTO Ben Zickel, operating an AI-based marketplace that facilitates the investment of new sources of capital in the insurance market by connecting risk to global investors. The platform provides investors access to a low-volatility risk class uncorrelated to financial markets, with Vesttoo earning a percentage from each deal. In August 2021, Hanaco Ventures led Vesttoo's Series A funding round of $6 million at a post-money company valuation of $36 million. This Series A followed a prior raise at a $22 million valuation just months earlier and preceded a $15 million Series B in November 2021 at a $300 million valuation led by Mouro Capital with MS&AD Ventures participation. Vesttoo demonstrated rapid growth, reaching tens of millions in 2021 revenue and reporting profitability with tens of millions in EBITDA profit for 2021. The company expanded globally with offices in New York, Tel Aviv, London, Hong Kong, Seoul, Dubai, and Tokyo, establishing a Bermuda-based collateralized reinsurer and targeting $1 billion in capacity through partnerships.
Apr 2021SeedShure-Tech Investments (lead)$2M$22M-

Who has invested in Vesttoo?

7 investors have backed Vesttoo across its funding rounds, including Hanaco Venture Capital, Mouro Capital, Goldman Sachs, MS&AD Ventures, Black River Ventures and Shure-Tech Investments.

Lead investors include bulge-bracket investment bank, Mouro Capital, MS&AD Ventures, Hanaco Venture Capital and Shure-Tech Investments.


Vesttoo Investors

Investors in Vesttoo by funding rounds participated
InvestorHQRoundsRoleFirst check
Hanaco Venture CapitalIsraelTel Aviv2LeadAug 2021
Mouro CapitalUnited KingdomLondon2LeadNov 2021
MS&AD VenturesUnited StatesSan Francisco, CA1LeadNov 2021
bulge-bracket investment bankFranceAmiens1LeadOct 2022
Goldman SachsUnited StatesNew York City, NY1ParticipantOct 2022

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Vesttoo Competitors

Vesttoo competitors include listed companies like Appier Group and Rackspace, and private ones like Altana, Augury, Beamery and Collate.

Public and private companies comparable to Vesttoo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AltanaUnited StatesNew York City, NYPrivate-$564M$1B-
AuguryUnited StatesNew York City, NYPrivate$100M-$1B-
BeameryUnited KingdomLondonPrivate--$1B-
CollateUnited StatesSan Francisco, CAPrivate--$1B-
Appier GroupJapanJapanPublicly listed$281M$44M$1B2.9x
RackspaceUnited StatesUnited StatesPublicly listed$2.7B$244M$997M1.6x

Vesttoo Public Comps

Vesttoo is still privately-owned, but its public comps include Appier Group, Rackspace, Extreme Vision, iFLYHealth, Banca Ifis, Rezolve AI, B2 Impact, Barings BDC, Beijing CTJ Info Tech and Optasia.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Extreme Vision$44M($6M)22.8x11.6x(163.7x)-
iFLYHealth$136M($7M)7.7x6.2x(150.8x)(144172.5x)
Banca Ifis$826M-1.3x1.1x--
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
B2 Impact$356M$194M5.6x4.1x10.4x9.8x
Barings BDC$263M-8.7x8.7x--

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Common questions about Vesttoo

When was Vesttoo founded?Vesttoo was founded in 2018.
Where is Vesttoo headquartered?Vesttoo is headquartered in Tel Aviv, Israel.
Is Vesttoo publicly listed?No, Vesttoo is a private, VC-backed company.
What is Vesttoo's valuation?Vesttoo was last valued at $1B in its Series C in October 2022.
How much funding has Vesttoo raised?Vesttoo has raised $103M across 4 funding rounds.
What was Vesttoo's last funding round?Vesttoo's last funding round was a $80M Series C in October 2022, led by bulge-bracket investment bank and Mouro Capital.
Who are Vesttoo's investors?Vesttoo's investors include Hanaco Venture Capital, Mouro Capital, MS&AD Ventures, bulge-bracket investment bank, Goldman Sachs, Shure-Tech Investments and Black River Ventures.
What is Vesttoo's revenue?Vesttoo's latest recorded revenue is $160M (October 2022).
What is Vesttoo's revenue multiple?Vesttoo's latest valuation implies a 6.3x revenue multiple ($1B valuation on $160M of revenue).
Which companies are comparable to Vesttoo?Companies comparable to Vesttoo include Altana, Augury, Beamery, Collate, Appier Group and Rackspace.

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