Cape Analytics nabs $17 mln

Cape Analytics, a provider of property data for insurers and reinsurers, has secured $17 million in financing. XL Innovate led the round with participation from other investors that included The Hartford, Nephila, CSAA Insurance Group, The Cincinnati Insurance Company and State Auto Labs Fund. In conjunction with the funding, Martha Notaras, a partner at XL Innovate Partner, will join Cape Analytics’ board of directors.

Source: Press Release