Envelop
Cyber underwriting firm
- 21-100 employees
- B2B
- Security
- Enterprise
- Insurance
- Cyber Security
- Old City, Bristol, UK
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Company mission
To shape the future of risk in an uncertain world.
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 $1 billion of GWP 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
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
(Co-Founder & CEO)Jonathan is an Executive MBA Entrepreneurship Project Tutor at the Saïd Business School, University of Oxford. Previously, they were the Head of UK Insurance Coverage - RBS Markets at NatWest Markets.
Paul Guthrie
(Co-Founder & COO)Paul is also the co-founder of VALR where they serve as a Chair. They are also a Managing Director at DataStream Cyber Insurance, a Senior Advisor at Gentle Earth Project, a Venture Partner at NextGen Venture Partners, and a Member of the PEF Community.