- Security Type
- Tech, Environment
- Min Investment
- Offering Date
- December 15, 2021
- Expected Close Date
- March 16, 2022
- Amount Raised
- Security Price
Key Deal Facts
There’s a large and growing market for weather data. Hail causes over $36 billion in damages globally, and the global weather information technologies is fast growing, valued at $9.41 billion in 2019 and expected to hit $18.07 billion by 2027.
Hailios has solved an expensive and complicated problem. Hail is super destructive and melts quickly, making it ghostly in nature. Hailios has developed the only ground sensor that collects granular hail data in realtime that is easy to deploy, making it highly scalable.
Poised to be a global supplier of environmental data. Hailios is active in the US, Australia, Canada, and Europe, working with over 18 companies across the insurance value chain, such as SwissRe, Hailsure, Berkshire Hathaway, AXA Climate, AON, Generali, and Descartes.
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
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