Property insurance managing general agent Delos Insurance Solutions has announced a $9 million Series A funding round led by HSBC Asset Management and including IA Capital Group, Blue Bear Capital, and Generation Space, along with angel investors.
Delos, founded in San Francisco in 2017 by aerospace engineers, provides insurance services to homeowners in wildfire-stressed areas and reports writing $40 billion in total insurance value. Its technology aims to identify properties with a low risk of loss. The investment partners’ diverse expertise in financial sector solutions, insurance, climate change, and space underscores the need for sustainable solutions to address the impacts of climate change on society.
HSBC Asset Management, the investment arm of the HSBC Group, invests on behalf of a wide range of clients. IA Capital Group is a venture capital firm focused on insurtech. Blue Bear Capital is a venture capital and early growth equity firm concentrating on driving digital technologies in energy, infrastructure, and climate industries. Generation Space, the U.S. arm of Seraphim Space Manager LLP, is responsible for all U.S. activities and the delivery of the U.S. Generation Space Accelerator.
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