Windward Raises $16.5M, Led by XL Innovate, to Help Marine Insurers Boost Profits Markets Insider

Windward, the pioneering maritime risk analytics startup that's fundamentally changing the marine insurance landscape, today announced it had raised $16.5m in Series C funding. It brings the total raised to date to $38.9m. The round was led by San Francisco-based insurtech fund, XL Innovate. Existing investors, Horizons Ventures and Aleph, also participated, as did a number of individuals, including Salesforce Chairman & CEO, Marc Benioff. As part of the fundraising, Tom Hutton, XL Innovate Managing Partner and former CEO of RMS, will become a board director.