General Insurance Article - Aviva Ventures invests in US home telematics firm Roost


Aviva Ventures, Aviva plc’s venture capital arm, announced its investment in Roost, a US-based home telematics start-up. The $10.4 million Series B funding round was led by Aviva Ventures and is the first investment it has made in the US market. The round also saw participation by Desjardins Insurance, Fosun RZ Capital and existing investors, bringing Roost’s total funding to date to $17 million.

 Roost has created a number of home telematics solutions including Roost Smart Battery, the Roost Smart Water Leak and Freeze Detector solutions. Their patented, connected platform of data sensors makes installation simple and affordable for customers. The investment round also represents a strategic partnership between Aviva and Roost; Aviva has already started to offer Roost’s Smart Battery to its UK customers.

 Ben Luckett, Managing Director at Aviva Ventures, said: “As a corporate venture fund, we look for innovative businesses around the world that will shape the future of insurance and we are delighted to be entering the US market with this investment in Roost.

 Roost has great technology and a strong team and I am excited about how this investment supports our ambition to empower our customers to prevent bad things from happening, rather than fixing it when something goes wrong.”

 Roel Peeters, co-founder and CEO of Roost said: “We are very excited to have the participation of three major insurers in our latest investment round. This commitment is a strong validation of Roost’s value proposition as a leader in the emerging Home Telematics Insurance segment. The new funding will be used to continue our product development efforts as well as expand new product services for our insurance partners.” 

Back to Index


Similar News to this Story

Consequences of the Los Angeles Area Wildfires
Morningstar DBRS has published a commentary that I think might interest you: "One Year Later: Consequences of the Los Angeles Area Wildfires for the I
ABI shares cold weather advice for homeowners and drivers
With amber warnings for snow in force across Scotland for the weekend, and cold weather expected across the UK, the ABI is sharing advice with custome
What drivers crashed into during 2025
AA Accident Assist helped 67,000 drivers following a crash this year. Parked cars, kerbs and car doors feature in the top five things drivers have hit

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.