On January 11, 2024, London-based Hyperexponential, which offers pricing software for insurers, announced the close of a $73 million Series B funding round led by Battery Ventures, with participation from Andreessen Horowitz (a16z) and existing Series A investor Highland Europe, which increased its holding. Wilson Sonsini Goodrich & Rosati represented Hyperexponential in the transaction.

The latest financing will be used to support the company’s expansion plans, which include opening a New York office and doubling its headcount to more than 200. Additionally, the funds will enable greater investment in new product capabilities as Hyperexponential looks to meet growing client demand in adjacent insurance markets, including the SME space.

Founded in 2017, Hyperexponential’s pricing decision intelligence platform, HX Renew, enables insurers to leverage large and alternative datasets, develop and refine rating tools rapidly, and employ sophisticated machine learning approaches to price risk and make data-driven pricing decisions at the portfolio and individual level. Some of its clients include Aviva, HDI, and Conduit Re.

The Wilson Sonsini team that represented Hyperexponential includes:

Corporate
Mike Labriola
Daniel Glazer
Elisa Sielski
Alex Moffitt
Ghislaine Nobileau
Yewande Alade
Arianne Marcellin-Little

Employee Benefits and Compensation
Fleur Benns
Matthew Norgard

Tax
Sarah Lane

National Security
Mike Casey
Stephen Heifetz
Nimit Dhir

Technology Transactions
Rod Valle

For more information, please see Hyperexponential’s news release. Additional coverage can be found on TechCrunch, Reuters, and Business Insider.