London-based fintech startup Stable has launched a platform to help buyers and sellers of food mitigate price volatility.
Members of the Growth Team, Chris Keen and Andy Fahrenheim, have recently assisted Stable Group on the completion of a $6m seed equity round. Taylor Vinters acted as Company counsel opposite counsel for a number of large investors; fintech investor Anthemis, Syngenta Ventures, Swiss insurer Baloise, and Bermuda-based Ascot Underwriting.
Stable’s platform acts as a marketplace for farmers to buy affordable volatility insurance for their products. Having access to this type of insurance not only helps farmers secure their income but also helps them de-risk their businesses, making other types of financing, like business loans, more accessible. Commodity buyers, meanwhile, use the platform to make trades in products that aren’t available on the large exchanges.
Chris Keen said: “Stable is exactly the type of business that Taylor Vinters is designed to support – disrupting established models and markets, and creating new ones. Richard and his team have done a fantastic job supporting farmers with their revolutionary solution and we are delighted to have helped them secure this funding to enable them to continue to grow and scale, and to support the agricultural community.”