CyberFortress Announces $ Million Seed Fundraising Round Co Led by Greycroft and LiveOak Venture Partners AdvisorNews

CyberFortress has been operating with Milliman, an international actuarial consulting firm, to broaden and validate their risk model. Sheri Scott, Principal and Consulting Actuary at Milliman, has led the team concerned in the task. “The insurance product we are helping CyberFortress broaden is a innovative method to identify and insure risk to e trade earnings streams,” said Scott. “We are excited for CyberFortress to launch this innovative product and look ahead to carrying on with to deliver InsurTech strategic consulting services to CyberFortress across its coverage adventure.

”Joining the board of advisors is Katie Wade, former Connecticut Insurance Commissioner, who was attracted to work with CyberFortress on account of the buyer centric nature of their product. Also engaging in the round is existing investor Monte Tulum Capital, who invested in CyberFortress’s pre seed round. About CyberFortress CyberFortress is an insuretech agency constructing a new type of online income interruption policy for e trade agencies. Headquartered in San Antonio, Texas, CyberFortress leverages over a decade of cybersecurity, risk analysis, and portfolio control capabilities operating with small company data protection. For additional info, visit .

About Greycroft Greycroft is a seed to growth project capital firm that companions with top notch marketers to construct the area’s most transformative companies. Greycroft has made over 300 investments across the tech sector, adding Acorns, Huffington Post, Icertis, Plated, Shipt, TheRealReal, Thrive Market, Trunk Club, and Venmo. For more information, please visit: . About LiveOak Venture Partners LiveOak Venture Partners is a venture capital fund based in Austin, Texas, situated by Ben Scott, Krishna Srinivasan and Venu Shamapant. With 20 years of a success project making an investment in Texas, the founders of LiveOak have helped create nearly $2 billion of firm value.

While almost all of LiveOak’s investments begin in the early stages, LiveOak is a full life cycle investor targeting aiding create category best era and era enabled carrier companies based in Texas. LiveOak Venture Partners has been the lead investor in interesting high growth Texas based businesses equivalent to CS Disco, Digital Pharmacist, OJO Labs, Opcity, and TrustRadius. About Milliman Milliman is the largest unbiased company of actuarial and risk control services to the insurance business and self insured groups all over the world. Our groundbreaking work opting for and pricing risk has led to huge ideas in the insurance business adding helping our clients broaden InsurTech answers and coverage merchandise for rising risks and markets. For additional info, please visit: .

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