New Delhi, Aug. 5 -- InRisk Labs said on Wednesday it has raised $27 million in a Series A funding round, as the climate-tech and reinsurance startup looks to strengthen its technology stack and expand its talent pool to enhance risk assessment and pricing capabilities.

The Ahmedabad-based company said its subsidiary, EarthRe Insurance IFSC Ltd, has secured a licence from the International Financial Services Centres Authority (IFSCA) to operate as a reinsurer. It added that EarthRe is the first incorporated reinsurer to emerge from the International Financial Services Centre at GIFT City.

The investment round was co-led by venture capital firm Bessemer Venture Partners and Northpoint Capital.

The group has two separate businesses. InRi...