French insurtech Hoggo raises €11 million

French insurtech Hoggo raises €11 million

I sometimes wonder if the legal, insurance, and New York City alternate parking rules are intentionally confusing. This is an oxymoron, as of course they are. But France’s Hoggo is seeking to change that. Residents will now be able to park on … oh no wait, they’re bringing insurers, accountants, and companies all to the same table and simplifying the game, to the benefit of all.

With an €11 million raise headed up by Partech and participation from GFC (Global Founders Capital), Hoggo is helping companies optimise and simplify the management of their health and risk contracts via a single platform, regardless of the insurer. By connecting all the players under one umbrella, Hoggo automates admin tasks, facilitates the transparent exchange of information, and through the granular analysis of data allows clients to, “cut the time spent on management by 10 and save an average of 25% on their contracts.”

The startup works with more than 40 insurers, compares and compiles more than 3,000 group insurance offer, and has seen the number of policyholders under its wings triple in the past year.

"SMEs and employers are overwhelmed with time-consuming administrative tasks that prevent them from focusing on developing their business,” comments co-founder and CEO Anna Rossin. “We created Hoggo to save them time and free their minds while ensuring they pay the optimal price for their insurance.”

"We wanted a more modern, simple approach! I chose Hoggo because everything is made easy for everyone: the comparison of offers is clear and the steps are done in a few minutes. What's more, they ensure that our employees benefit from the best guarantees at the best price every year," concludes Lyon-based pharmaceutical company AlisPharm CFO Xavier Rostan.

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