Poncho, a Swiss insurtech startup focused on weather-based refunds for outdoor experiences, has raised $617,000 in seed funding. WeBuild Ventures led the funding round, marking a key milestone for the company, which was founded in 2023 and operates with a three-person team.
Poncho provides weather guarantees for outdoor events, offering automatic refunds when unfavorable weather disrupts activities.
The service aims to cut cancellations, boost bookings, and enhance customer satisfaction. Businesses can integrate Poncho’s API easily, simplifying implementation and improving the user experience.
The startup relies on real-time weather data from NOAA, ECMWF, and DWD to ensure accurate and timely insights. This technology-driven approach supports smooth operations for outdoor activity businesses.
After months of effort, we’re excited to launch Poncho’s weather insurance solution. Our product enables travel and leisure businesses to offer weather protection directly at booking
Omar Jerrari, Founder & CEO of Poncho
Jerrari highlighted the funding’s impact, stating, “This support propels us forward as we work to make weather insurance simple and accessible. We look forward to collaborating with our investors to expand our reach across Switzerland’s travel and leisure market.”
WeBuild Ventures’ Managing Director, Nicolas Lagreze, commented, “Poncho addresses a growing challenge in the travel and leisure industries. Their innovative weather insurance approach can bring significant value to businesses and customers alike.”
