Start Ventures invests in WeatherPromise
Start Ventures, Banco BIG‘s venture capital company, participated in the Series A round of US$12.8 million of WeatherPromise, an insurtech that “guarantees good weather for vacations, outdoor activities, experiences and events”
WeatherPromise is a rather innovative and unusual insurance broker that provides weather guarantees, automatically reimbursing consumers if the weather is worse than promised.
The company “is becoming indispensable to the industry, transforming the way the world plans and books travel, concerts and outdoor activities,” says Start Ventures.
Its cover is already offered on Marriott, Expedia, JetBlue, Invia, and HomeToGo web sites and works as a parametric insurance policy.
In 2025, the company offered insurance coverage for the weather for holidays in 95 countries on six continents, enabling partners to increase their bookings all-year-round, including in shoulder seasons – the weeks immediately leading up to the high season.
“WeatherPromise solves a fundamental flaw in the market: traditional insurance protects financial cancellation, but ignores the traveller’s experience when affected by the weather,” says João Freire de Andrade, Executive Director of Start Ventures.
“At a time when climate volatility makes destinations less predictable, WeatherPromise has built an elegant solution that removes consumer anxiety and drives demand for the tourism industry,” he says.
