Mitigrate announces strategic investment from Lloyd’s
Mitigrate, the climate insurtech and Lloyd’s Lab alumni, is proud to announce a strategic investment from Lloyd’s, alongside renewed support from existing investors.
Mitigrate provides a pioneering platform focused on reducing flood risk at the individual property level. Tailored for the commercial and residential insurance market, the solution helps insurers lower losses, drive sustainability, and deliver added value to policyholders. The platform currently covers over four million buildings in the Nordics and three million in the UK. As it finalises its UK expansion, Mitigrate is now open to proof-of-concept projects in London, with further European markets, including Germany, slated for rollout later this year.
Mitigrate is the first climate risk management platform built specifically for underwriting and claims professionals—enabling a proactive approach to flood risk across the entire insurance lifecycle. The new investment will accelerate product development and geographic expansion, empowering insurers to integrate resilience into core processes, from risk engineering and exposure management to post-event recovery.
The platform also helps insurers and policyholders ‘build back better’ after a flood event. Its data-driven, fully automated prevention diagnostics enable smarter, faster decisions at the point of claim—prioritising long-term risk reduction and expediting recovery for affected communities.
“We’re incredibly proud to receive this backing from Lloyd’s,” said Laurent Feuilleaubois, CEO and Founder of Mitigrate. “It’s a strong vote of confidence in the work we’re doing—proof that our platform delivers both commercial and social value. We’re grateful for Lloyd’s trust and excited to deepen our collaboration as we scale our impact.”
Rosie Denée, Head of Innovation, Commercial Education & Engagement at Lloyd’s, commented:
“Mitigrate is transforming flood risk assessment with its cutting-edge software platform that provides property insurers with actionable recommendations to prevent flood damages. Mitigrate’s time in Lloyd's Lab Cohort 11 helped refine its solution and accelerate its market adoption. We're proud to support Mitigrate’s continued development through this investment – strengthening data-driven preventative solutions for one of our industry's most complex challenges and enabling our market to manage flood risks with greater confidence and precision."
Designed to be model-agnostic, Mitigrate’s platform complements existing catastrophe modelling tools by delivering actionable insights and mitigation strategies at the building level. This investment reflects a broader shift in the insurance sector—from pricing climate risk to actively reducing it.
