Swiss insurtech Poncho has raised a CHF 550,000 seed round led by WeBuild Ventures.
The raise follows Poncho’s launch of its parametric weather insurance product; it has partnered with selected businesses to integrate its product in their booking processes.
Poncho allows companies to factor in uncertainty as weather patterns become increasingly disrupted. With the new seed funding, Poncho will help businesses “de-risk” their weather dependency and enhance customer confidence in booking, rain or shine.
Poncho’s product allows customers to add weather protection at the time of booking, enabling businesses to avoid last-minute cancellations caused by bad weather and encouraging advance bookings—ultimately…
