by Arbol Team
Arbol is pleased to announce the successful closing of a $2.2 million seed round led by Finch Finance, with participation from Space Capital. Our platform aims to reshape the weather risk market by combining the power of big data and machine learning with smart contracts to allow users to get paid automatically when adverse weather leads to financial loss. For capital providers, the weather risk marketplace promises to be a new, uncorrelated source of returns mirroring the success of the catastrophe bond markets. By building this platform, Arbol aims to bring scale, transparency, and efficiency to the weather risk market.
The money raised will be used to expand Arbol’s business. By using data to pay out contract holders instead of the myriad of human touches the current system employs, Arbol removes delays, disputes, and fraud present in the current process. As datasets expand and become more granular, Arbol will be at the forefront of growing the parametric contracts space to bring efficiency and transparency to the weather protection market.
Join Arbol today for a proactive way to build financial resilience against the rising climate volatility. Visit our website at www.arbolmarket.com.