See other companies on Welcome to the Jungle

Envelop

Cybersecurity insurtech firm

Envelop logo
21-100 employees
  • B2B
  • Security
  • Enterprise
  • Insurance
  • Cyber Security
London, London W1T 1QD, GB

Jump to section

Company mission

Envelop's mission is to transform how the insurance industry quantifies and manages risk; to think like an intelligence agency and deploy the best available technology thoughtfully.

Our take

Even though well over $12 billion in venture funding is being poured into cyber security companies annually – a number that’s still rising – it remains crucial that insurance underwriters are on hand should breaches occur, especially in light of the ever more sophisticated nature of attacks.

Envelop specialises in just that. The company offers insurance and reinsurance solutions by combining AI and cyber security analytics, which it combines with first hand industry intelligence. CEO Jonathan Spry is a former NatWest and Guy Carpenter executive, while COO Paul Guthrie was previously CSO at quantum computing and AI company QxBranch.

It’s safe to say that Envelop has grown promisingly, having underwritten well over $250 million of business since 2018. Now with major investment from SoftBank, the company is eyeing up a global expansion, as well as a move into adjacent areas of corporate risk.

Steph headshot

Steph

Company Specialist at Welcome to the Jungle

Funding (2 rounds)

Sep 2021

$130m

SERIES B

May 2020

$6m

SERIES A

Total funding: $136m

This company has top investors

Leadership

Jonathan Spry

(CEO)

Is a Non Executive Director at Deep Planet, an environment-focused AI platform for wine grape growers. Former Head of UK Insurance Coverage, RBS Markets at NatWest, Senior Vice President at risk and reinsurance specialist Guy Carpenter, and Assistant Vice President at Bank of Tokyo-Mitsubishi UFJ.

Paul Guthrie

(COO)

Is the Co-founder & Chairman of athlete endurance training technology company VALR. Co-Founded and was Chief Strategy Officer of quantum computing and artificial intelligence firm QxBranch (acquired by Rigetti Computing in 2019). Former US National Team Rower.