BlueOrchard-managed private equity fund invests in Previsico

The InsuResilience Investment Fund Private Equity II (IIF II), managed by BlueOrchard Finance Limited, has completed a strategic growth investment in flood intelligence platform Previsico.

The investment is reportedly part of a new funding round with participation from Burnt Island Ventures alongside other existing shareholders.

As Previsico expands its presence in the US, backing from IIF II will also enable the firm to strengthen its foothold in high-growth emerging markets where protection gaps are widest and the need for climate resilience is most urgent.

“Building upon the achievements of its predecessor fund, the IIF II invests in scalable, technology-driven companies that improve the affordability and accessibility of climate insurance. Through its partnership model and technical assistance support, IIF II helps build robust ecosystems for climate adaptation,” Previsico explained.

Jonathan Jackson, Chief Executive Officer of Previsico, commented, “We are thrilled to have leading global impact investment BlueOrchard join us as an investor. Their strong credentials and support of our vision will help drive Previsico’s continued success.

“With a shared commitment to addressing the challenges of climate change, BlueOrchard brings valuable expertise and connections, particularly in emerging markets, which will empower us to expand our efforts in predicting and preventing flood impacts to generate lasting positive impact for communities, businesses, and the environment.”

Richard Hardy, Investment Director, Private Equity at BlueOrchard, added, “Part of our role in expanding climate insurance across emerging markets is to ensure these regions gain access to world-leading climate technologies.

“Previsico is an excellent example of such innovation and an exceptional addition to our portfolio. We look forward to working with Jonathan and his team to help extend their platform on a global scale.”