| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | Israel |
| Sector | Insurtech |
| Collapse type | Sudden Collapse |
Vesttoo
"The Israeli insurtech unicorn raised $80M to connect insurance risk with capital markets, then collapsed in August 2023 when $4B in letters of credit turned out to be fraudulent."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Vesttoo built a platform that connected insurance companies with capital market investors, allowing institutional investors to take on insurance risk through a collateralized structure.
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