Softbank Vision Fund 2 led a $130m Series B financing round in Envelop Risk Analytics, a data-driven underwriting and risk analytics business. “We are delighted to have reached such a significant milestone in our funding journey. This transaction will allow us to continue our leadership in data-driven specialty (re)insurance underwriting and will be transformational for our business reach and activity. For the first time Envelop Risk will be able to assume positions in risk capital, which gives us greater alignment with our partners. We are all really excited to work with SoftBank Investment Advisers and together meet the huge opportunities that we see present in emerging and complex risk underwriting,” Jonathan Spry, Envelop Risk Co-Founder and CEO.