Moonrock Secures Series A Investment from Minority Broker Partnerships
We’re excited to share a major milestone in Moonrock’s journey: Minority Broker Partnerships (MBP), backed by industry leader Peter Cullum, has joined us as an investor and provided a significant capital injection to support our growth.
This investment is not just financial, it is the start of a partnership with people who truly understand our industry and share our vision for the future of drone and eVTOL insurance.
Why This Matters
The global drone market is expanding at a rapid pace. According to Grand View Research, the commercial drone sector was valued at USD 30.02 billion and is expected to grow to USD 54.64 billion by 2030. With drone deliveries, aerial surveying and eVTOL cargo transport gaining momentum across the globe, the need for specialist insurance solutions is greater than ever.
With MBP’s support, Moonrock will:
- Enhance our underwriting capabilities
- Develop new specialist insurance products
- Expand coverage for emerging aerial technologies
- Invest in proprietary platforms, automation tools and new talent
A Partnership Built on Expertise
Welcoming MBP marks the beginning of working alongside one of the most respected figures in insurance. Simon Ritterband, our Founder and MD, explained:
“We’re thrilled to have developed this partnership with MBP and I am delighted to be working with Peter Cullum, who needs little introduction. His expertise and proven track record in scaling businesses will be invaluable as we continue to innovate and grow.”
James McCaffrey, CEO of MBP, echoed this vision:
“Peter and I are delighted that MBP is investing in Simon’s experienced and innovative Moonrock team. The drone market is rapidly growing and we look forward to working closely with Simon to help deliver his ambitious growth plans.”
Recognition in the Market
This announcement has already been featured across leading industry publications, highlighting the strong interest in the drone and eVTOL sector:
Looking Ahead
For us at Moonrock, this is more than an investment, it is a vote of confidence in our team, our expertise and our mission to set the standard for drone and eVTOL insurance.
As Simon shared in his announcement:
“Above all, I’m incredibly proud of the Moonrock team. Your dedication, expertise, and commitment to our clients have brought us to this point. We remain focused on setting the standard for quality, expertise, and innovation in our market. The best is yet to come.” 🚀
We’re just getting started, and we’re excited for the future of aerial innovation.
Related Articles
More insights from the Press Release frontier.
