TigerMark Case Study: AtomBeam

AtomBeam® is a data compaction software company that shrinks, secures and speeds data transmission focused on the Internet of Things (IoT).

www.atombeamtech.com

Seed Round (Regulation CF/ 2021)

$2.5M raised / 1,262 investors

Partners Involved:

SUMMARY

AtomBeam leadership is a seasoned operating team and understood the necessity for D&O insurance coverage; specifically dedicated investor protection when raising capital using Reg CF. Assurely supported AtomBeam with TigerMark’s coverage and features of no upfront costs, coverage and premium adjustments based on the amount of capital raised, and coverage that included investor protection.

ATOMBEAM’S CHALLENGES

AtomBeam was not clear exactly how much they were going to successfully raise due to the nature of running a Reg CF campaign.

AtomBeam wanted to insure their offering and activities from the beginning of the campaign (a prudent decision) but did not want to pay upfront nor pay for more coverage than they needed (depending on how much they raised).

HOW ASSURELY’S TIGERMARK INSURANCE POLICY SOLVED THESE CHALLENGES

Assurely conditionally bound a TigerMark policy before AtomBeam’s offering went live and guaranteed the prices with variability on the amount successfully raised.

Assurely “bound” the initial TigerMark policy when AtomBeam reached a minimum goal and capital was disbursed from ESCROW. The TigerMark policy matched that amount.

Assurely continued to update the policy over the next three weeks to adjust to additional funds raised and did not request payment until funds were disbursed from ESCROW.

Results:

  • Guaranteed pricing before AtomBeam raised

  • No upfront costs

  • Updated coverage levels and costs based on the amount raised and the amount of insurance needed

  • Provided necessary investor protection coverage not available elsewhere in the market

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