Company Update: On the Move

Not all of those who wander are lost.

• J. R. R. Tolkien

Every year, 45 million people are forced from their homes, not by war, but by weather. The rains fail. Rivers flood. Crops wither. And insurance, designed for property and addresses, leaves them completely unprotected. As more people adapt through movement, a critical question emerges: Can protection travel with you?

In our latest featured article, Insurance Without an Address, we examine the protection gap facing climate migrants and how parametric insurance can deliver dignity, speed, and fairness to people on the move. From rapid payouts in drought-stricken Malawi to Suyana's mobile-first solutions in Latin America, this piece shows how technology and design can extend resilience beyond borders and paperwork.

Learn how parametric insurance protects climate migrants ->

Suyana Wins Startup Avenue Competition at Volcano Summit

We're thrilled to announce that Suyana has taken first place at the Startup Avenue Competition during the Volcano Summit in Guatemala! This recognition comes with direct investment from Side Door Ventures and a $1M side letter for our next fundraising round, critical fuel as we expand our reach across the region.

Based in San Francisco, Side Door Ventures is a global VC firm supporting transformative companies across software, frontier tech, and financial services. Their team of founders, scientists, and growth experts brings exactly the kind of expertise we need as we scale our mission to close the climate protection gap. We're honored to have SDV join us on this journey. Learn more about Side Door Ventures →

Halcyon Venture Partners Will Lead Our Pre-Seed Round

We're excited to share that Halcyon Venture Partners will lead Suyana's pre-seed round. Halcyon Venture Partners is a leading climatetech and social impact fund based in Washington, DC, with a proven track record of supporting startups at the intersection of climate, health, and equity technology. Their commitment to scalable, mission-driven solutions aligns perfectly with Suyana's vision of making climate protection accessible for all. Learn more about Halcyon Venture Partners →

New Pilot: Banco DaVivienda (Grupo Bolivar)

Suyana has signed a pilot agreement with Banco DaVivienda, part of Grupo Bolivar, one of Colombia's largest financial institutions. Together, we'll develop a parametric insurance solution for rice farmers in Colombia, leveraging satellite data and machine learning to deliver fast, transparent protection when and where it's needed most.

This partnership represents a significant milestone in our mission to expand climate resilience for agricultural communities across Latin America, and demonstrates how embedded distribution through trusted financial institutions can meet farmers where they already are, making coverage accessible at scale.

Endless Frontier Labs Accelerator Graduation

We're proud to share that Suyana has graduated from the Endless Frontier Labs Accelerator at NYU Stern, where we were selected as one of only 15 companies. The program connected us with New York's investment ecosystem and gave us invaluable opportunities to refine both our technology and business model as we prepare for our next stage of growth.

Special thanks to Jeff Kaminsky, our mentors Robert Padulo, Claire Wadlington, Nikhil Choudhary, Mark Flynn, and the entire EFL community for their support, feedback, and guidance along the way.

🇧🇷 Lloyd's Bootcamp in São Paulo

We showcased our work at the prestigious Lloyd's Bootcamp in São Paulo, where we shared our experiences in developing parametric products with an audience of insurers, brokers, and members of the Brazilian insurance industry. As the first Latin American company selected for the Lloyd's Lab accelerator in London, it was a valuable opportunity to present our vision, plans, and how Lloyd’s has been pivotal in Suyana’s growth.

We extend our gratitude to Rafaela Barreda and Sandra Ribeiro from Lloyd's Brazil for her invitation and ongoing support of our mission

What's Next

October brought major milestones: a lead investor, new partnerships, and new ground across Latin America. In Colombia, we're launching a pilot with rice farmers. In Bolivia, our Early Warning System is preparing for deployment. And in our latest article, we're asking the harder questions about who gets left out of traditional insurance, and how we can change that.

The numbers tell part of the story: 45 million people displaced by weather in 2024, millions of smallholder farmers facing growing climate uncertainty, and a $300 billion protection gap that leaves the most vulnerable without safety nets. But the real story is simpler: protection shouldn't require a title deed, a fixed address, or paperwork that people don't have.

We're scaling fast across the region, and we're not slowing down. If you're a broker, bank, carrier, or financial institution working in parametric insurance, agricultural finance, or climate adaptation in Latin America, we want to hear from you. Get in touch here.