Braven raises £3.4m seed funding and opens London office

US-based insurance technology firm Braven has raised £3.4m ($4.6m) in seed funding and opened a London office as it targets growth in the delegated authority and specialty insurance markets.

Braven, which is headquartered in the US but was founded by a Colombian team, said more than £592m ($800m) in written premium currently flows through its platform, with clients operating across North America, Europe and Latin America.

The investment will fund the launch of its London operation, which is opening this month (June 2026), with two commercial hires already in place and plans for further recruitment.

The funding round was led by venture capital firm Collide Capital, with participation from Fiat Ventures, MGV, Carao Ventures, Angeles VC and Broom Ventures.

The company said former global reinsurance executive Matthias Weber and several insurance industry angel investors also backed the raise.

Founder and chief executive Carlos Chávez argued that the insurance sector’s challenge, which Braven seeks to solve, is more complicated than digitilisation alone.

“The industry does not have a product innovation problem – it has an infrastructure problem,” he said.

“As long as the public conversation remains centred on digitilisation, we are simply putting a fresh coat of paint on a broken process.

“What we are building is the layer on which brokers, MGAs and reinsurers can operate with real-time traceability and intelligent capital flow between counterparties.”

Focus on infrastructure

The company is positioning itself as an insurance infrastructure provider rather than a traditional workflow technology business, announcing a corporate rebrand alongside the funding round.

Braven’s platform uses AI to automate operational processes within delegated authority arrangements, including data extraction, validation against binder terms and bordereaux generation.

Weber said the business had taken a different approach to many insurtechs by rethinking underlying insurance processes rather than simply digitising existing workflows.

“Rather than simply automating tasks, it amplifies expertise, allowing each professional to operate as if they had a team of one hundred assistants supporting their work,” he said.

London was selected as Braven’s first international expansion hub due to its position as a major centre for delegated authority and specialty insurance business.

Braven said its technology is designed to integrate with existing London market standards while creating a real-time audit trail of underwriting activity.