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Kettle

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Re-insurer using Swarm Neural Networks to better underwrite climate change effected risks

Hamilton, BermudaFounded 2020Fintech

Valuation $100–250M Last recorded · 2021

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Kettle

Kettle Insurance is a startup that operates in the commercial property insurance and reinsurance market, specifically catering to property owners in areas prone to catastrophic climate events. The company leverages artificial intelligence (AI) to create smarter insurance products that offer better protection against climate change-induced catastrophes.

Kettle's business model is two-fold. Firstly, it offers property insurance to owners who are either being dropped or facing exorbitant rate hikes due to the impact of climate change on the broader insurance industry. Secondly, it provides reinsurance coverage for specific perils such as wildfires and hurricanes.

The company's unique selling proposition lies in its proprietary risk assessment model. This model, powered by AI, evaluates risk across dozens of variables specific to individual properties. This high-definition view of risk ensures that property owners pay a fair price for their coverage.

Furthermore, Kettle's model can also determine how certain mitigation measures may lower insurance premiums. The company provides property owners with the same risk insights it uses to underwrite their property, and then connects them with providers who can help mitigate those risks.

Kettle's AI models consume over 130 terabytes of satellite, weather, real estate, and utility data, extracting 70 risk indicators to simulate millions of potential scenarios. This data-driven approach allows Kettle to predict catastrophic events like wildfires with a high degree of accuracy.

In summary, Kettle Insurance is a forward-thinking startup that uses AI to provide fair and comprehensive insurance and reinsurance solutions to property owners in climate risk-prone areas.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2020
Headquarters: Hamilton, Bermuda
Employees: 23
Open positions: 2
Dealroom signal: 71.9/100
Industry: Fintech
Sub-industry: Insurance
Sector: Fintech, Weather Forecasting, Sustainable Development Goals, Insurtech Product and Price, Climate Risk, PandC Insurance, Reinsurance, Climate Tech, Climate Fintech, Hard Tech
Technology: Artificial Intelligence
Business model: SaaS
Client focus: b2b
Links: Website LinkedIn X

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES A✓Equity / VC	Nov 2021	$25M	$100M	Lowercarbon Capital · True Ventures · DCVC · Anthemis Group	—
SERIES AEquity / VC	Apr 2021	$0	—	Undisclosed	—

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022		—

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Growth signals

Kettle website traffic

Latest recorded traffic for Kettle is 3.9K monthly website visits, up 50% over the last three months. Kettle's team grew 4.5% over the past year.

Latest monthly visits3.9K 3-month web change+50% 1-year team growth+4.5%

Monthly website visitsSep 2019–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Senior Manager, UnderwritingPitts Bay Rd, Hamilton, Bermuda · Accounting · Jul 15, 2026 Senior UnderwriterPitts Bay Rd, Hamilton, Bermuda · Accounting · Feb 24, 2026

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Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

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PCParameter ClimateA unique advisory firm whose mission is help the global economy manage the increasingly impactful risks of climate change by creating a scalable	New York City, United States	Operational
DEDemexClimate-driven insuretech firm	Washington DC, United States	Operational
MPMeteo ProtectMeteo Protect is an insurance underwriting and technology company specializing in Parametric Insurance	Paris, France	Acquired