Insurtech Previsico closes Series A led by Connecticut Innovations with BlueOrchard
This article covers the Series A on 24 October 2025 for Previsico, the live flood alert insurtech, founded by Jonathan Jackson. It raised an undisclosed amount led by Connecticut Innovations, with participation from BlueOrchard.
What does Previsico do?
Previsico provides a live flood forecasting platform that integrates real-time weather data, IoT sensors and flood modelling. It supplies alerts and forecasts for insurers, public agencies and businesses to manage flood risk and reduce losses.
Why is Previsico useful?
Problem
Insurers, construction firms and utilities face rising local flood risk that causes growing, unpredictable property and infrastructure damage. They lack timely, accurate forecasts to reduce losses and plan responses at local scales.
Solution
Previsico explains that it integrates real-time weather data, IoT sensors and advanced flood models to provide live forecasts. This lets organisations warn stakeholders early, target defences, and reduce uninsured losses through better risk management.
How much did Previsico raise?
Previsico: raised an undisclosed amount in a Series A from Connecticut Innovations and BlueOrchard Finance, alongside existing backers.
Who invested in Previsico?
Key investors in the round include:
- Connecticut Innovations (CI): Connecticut’s strategic venture capital arm that provides equity capital to technology and climate-tech companies active in the US.
- BlueOrchard Finance Limited: A global impact investment manager that funds climate and development-focused technologies and projects, including initiatives in emerging markets.
- Burnt Island Ventures: An early-stage venture capital firm that invests in UK and European technology businesses.
- Foresight Capital: An investment manager providing growth and development capital to UK and international companies, with activity across infrastructure and climate-related sectors.
In the funding announcement, Konstantine Drakonakis from Connecticut Innovations ClimateTech said:
We are pleased to invest in Previsico, which is starting to gain a global reputation not only as a live flood forecasting provider, but also as a partner in helping organisations and communities adapt to climate risks and manage the financial implications of extreme weather. We are behind the eight ball here in the US on flood forecasting at the local level and Previsico’s platform is well positioned for our markets.
In the funding announcement, Richard Hardy from BlueOrchard Finance Limited said:
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.
The investor added they look forward to working with Jonathan and his team to extend Previsico's platform globally.
If you're researching potential backers in this space:
- Explore our list of insurtech venture capital firms in the UK
- Browse our directory of insurtech angel investors in the UK
Who founded Previsico?
Jonathan Jackson is the founder of Previsico.
In the funding announcement, Jonathan Jackson explained:
We’re thrilled to have the support of our new investors at such a pivotal stage in Previsico’s journey. This round of investment marks an exciting milestone for us, enabling our continued growth and accelerating our mission to help communities and businesses become more resilient to the increasing threat of flooding.
Where is Previsico based?
Previsico is based in Loughborough, UK.
What sector is Previsico in?
Previsico operates in the insurtech sector. The sector uses technology to improve how insurance assesses, prices and responds to risk. In plain terms, it helps insurers and businesses predict and reduce losses from events like flooding.
Key trends and challenges in Insurtech:
Rising climate and catastrophe losses
Flood losses are rising, with global pluvial flood damage projected at USD 850 billion per year by 2050.
Demand for real-time data and predictive AI
Insurers want live data and AI to predict risk and warn customers, for example using sensors or satellites.
Insurance protection gap and affordability
Uptake of flood insurance remains low in many countries, increasing financial vulnerability after disasters.
For a deeper look at innovation in this space, see the insurtech startups in the UK.
They've invested in Previsico
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| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 Burnt Island Ventures | 1 investment(s) investment(s) | more info | |||
 Foresight Capital | 1 investment(s) investment(s) | more info |
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