International legal practice Osborne Clarke has advised leading growth capital provider, Highland Europe, on its lead investment in London-based insurtech, Hyperexponential (hx), as part of an $18,000,000 funding round.
The finance will enable the already-profitable hx to accelerate its rapid growth, as it provides cutting-edge mathematical modelling software for the commercial insurance sector.
hx’s software helps companies build, deploy and update their pricing models, so they can make better data-driven decisions, faster and with minimal time and money spent on IT administration. HX has created a web-based SaaS platform called Renew that is custom-built to assist actuaries, data-scientists and underwriters who need to build and use models.
Osborne Clarke’s corporate team is a go-to practice for companies in the Tech, Media and Comms sector. Its clients range from global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.