Founded in 2019, the London-based startup aims to streamline the reinsurance process. Supercede’s platform offers an array of digital tools designed for cedents, brokers, and reinsurers, enabling more efficient data sharing and deal structuring. The company reports that its platform is currently used by over 140 companies worldwide.

Supercede CEO Jerad Leigh commented on the news, saying: “Securing this funding is a testament to the transformative power of our platform. We are not just building a company; we are shaping the future of reinsurance. This investment accelerates our ability to deliver unparalleled value to our clients and drives us closer to our goal of becoming the indispensable operating system for the global reinsurance market.” 

Margaux Gregoir, Principal at Alven Capital added: “Supercede’s impressive growth trajectory is enabled by the right combination of innovation and domain/sector expertise, the reason why this very special team has an edge in this industry. It is exactly what we look for in a market leader. We believe in their vision and are excited to support their journey to becoming the dominant force in the reinsurance technology sector.”