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Key People
Management
David Friedberg, CEO
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Siraj Khaliq, CTO
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Board of Directors
David Friedberg
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Siraj Khaliq
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Krishna Kolluri
WeatherBill Closes $12.5 Million Series A Financing Led by New Enterprise Associates and Index Ventures; Launches Service in Europe
Wed Oct 17 08:13:33 CDT 2007
Web 2.0 Summit, San Francisco, CA – WeatherBill (www.weatherbill.com) the world’s only online service that allows businesses to protect revenue and control costs from the impact of bad weather, today announced the close of a $12.5 million Series A round, that when combined with earlier funding totals $16.8 million. The round was led by investors New Enterprise Associates (NEA) and Index Ventures, with participation from Allen & Company, Atomico Investments, and Sean Park. Existing investors include First Round Capital and several angel investors. Following the close of the investment, Kittu Kolluri, a partner at NEA, and Neil Rimer, a partner at Index Ventures, will join WeatherBill’s Board of Directors. The company also announced that Barney Schauble, a partner at Nephila Capital, WeatherBill’s risk capacity partner, will join the Board.
Neil Rimer
WeatherBill Closes $12.5 Million Series A Financing Led by New Enterprise Associates and Index Ventures; Launches Service in Europe
Wed Oct 17 08:13:33 CDT 2007
Web 2.0 Summit, San Francisco, CA – WeatherBill (www.weatherbill.com) the world’s only online service that allows businesses to protect revenue and control costs from the impact of bad weather, today announced the close of a $12.5 million Series A round, that when combined with earlier funding totals $16.8 million. The round was led by investors New Enterprise Associates (NEA) and Index Ventures, with participation from Allen & Company, Atomico Investments, and Sean Park. Existing investors include First Round Capital and several angel investors. Following the close of the investment, Kittu Kolluri, a partner at NEA, and Neil Rimer, a partner at Index Ventures, will join WeatherBill’s Board of Directors. The company also announced that Barney Schauble, a partner at Nephila Capital, WeatherBill’s risk capacity partner, will join the Board.
Barney Schauble
Barney Schauble joined Nephila in 2004 as a Principal. Mr. Schauble's primary responsibilities include investor relations, risk sourcing, and other business development projects, as well as portfolio management. Mr. Schauble began his career in New York in 1994 as a broker for Marsh, and later moved to Guy Carpenter (Marsh's reinsurance broking subsidiary). Mr. Schauble left Guy Carpenter in 1996 to join Goldman, Sachs & Co as part of their new Risk Markets effort, which was focused on securitizing insurance risks and other areas of intersection between insurance and capital markets. He was transferred to London in 1999, where he co-headed the European effort, before returning to New York in 2002. His responsibilities as a Vice President in Risk Markets included client coverage, product development, syndication and distribution for a variety of structured products such as risk-linked securities, weather derivatives, and credit derivatives. Mr. Schauble joined XL Capital's Weather & Energy subsidiary in 2003, and was appointed head of marketing for the weather business. At XLWE he was responsible for managing a global team, originating weather risk management business and hedging XLWE's excess weather risk with insurance and capital markets counterparties. Mr. Schauble attended Harvard College and received his B.A. in Economics in 1994; he wrote his senior thesis to explore the concept of investing in bonds linked to property catastrophe reinsurance risk.
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