Neulogy Ventures made an investment in Limewood, an applied analytical solutions start-up targeting insurance and banking verticals. Limewood is developing big data analytical solutions allowing companies, particularly in insurance and banking, to monitor and analyze behavior of their distribution networks, identify lapse risk, and optimize portfolio from the profitability perspective. Behavior and risk data are tracked while complemented by proprietary modeling methods, predictive functions and comprehensive visualizations.
Limewood was founded by seasoned managers previously active in IT and insurance sphere. The company’s CEO, Radovan Cechvala, as well as the whole Limewood team, has extensive experience in the areas of Predictive Analytics, Data Warehousing and Big Data, combined with deep insurance industry and applied statistics know-how. “We see a lot of potential in technological disruption of the conservative insurance and banking sectors, and are excited to help Limewood break out into other verticals where their analytical and visualization products can be useful,” says Christian Mandl, Neulogy Ventures’ partner in charge of the transaction.