Congratulations to OnRe on announcing its $5 million Series A, co-led by Forward Industries (Nasdaq: FWDI) and RockawayX, alongside plans for up to $25 million of additional capital deployment.
The funding is an exciting signal that new approaches to insurance capital are gaining traction.
For decades, access to reinsurance risk has largely been limited to institutional investors and specialist insurance capital providers.
OnRe is taking a different approach, combining a regulated reinsurance company with tokenised infrastructure to create new pathways for capital to access reinsurance risk.
This round marks the beginning of OnRe’s scaling phase. We are focused on expanding liquidity, strengthening infrastructure, and driving global distribution through strategic partnerships. Forward is a key addition to this strategy and, alongside our deepening alignment with RockawayX, is well positioned to support our growth in the years ahead.”
Dan Roberts, Co-Founder and CEO of OnRe
Time will tell how significant this becomes.
But we’ve backed Dan Roberts and the exceptional team at OnRe from day one, and we still firmly believe they will reshape the future of reinsurance capital.
