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The raise would come after an oversubscribed $210mn Series A in 2021.
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The supply-chain InsurTech is also broadening the scope of its Lloyd’s syndicate.
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Oliver Delvos will lead Corvus’s office in Frankfurt, Germany, which is slated to open later in 2022.
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The cyber insurance CEO said his company wrote $55mn in premiums in 2021.
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In his new role, David Marock will support Previsico’s executive team grow the UK business.
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The total funding more than doubled, with InsurTechs raking in $15.8bn across 563 deals compared with $7.1bn across 377 deals the year previous.
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The round was led by global technology giant Tencent and saw participation from SV Angel and Hawktail.
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International CUO Kyle Bryant declined to specify when the company would be up and running but said it was in advanced discussions and “quite confident” of landing a deal soon.
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The new platform was developed in collaboration with the London market and Ecliptic’s recently launched Inov8ionLab.
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The InsurTech will now broaden its data, analytics and risk exchange services to new partners in lines beyond the SME space.
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With this deal, Corvus said it becomes the first cyber InsurTech to acquire a London underwriting platform.
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The Series A funding round was led by Mercia Asset Management.
