Parisian digital insurance brokerage platform +Simple brings in €90 million in growth financing. The round was led by global investment firm KKR and saw the participation of +Simple’s founders and existing investors, including Eurazeo, Speedinvest and Tikehau Capital.
The growth funding will enable the startup to pursue expansion of its platform supported by KKR’s extensive expertise and resources in insurance and across its global, multi-asset class platform.
The platform has also acquired two new independent brokers, namely Alians in France, Carl Rieck Assecuradeur in Germany, and Marintec, an underwriting agency in Italy. The recent acquisitions strengthen its distribution networks in specialist end-markets, especially in the medical sector and among small businesses.
Founded in 2015 in France, the platform is on a mission to facilitate all insurance procedures for professionals by providing them with a one-stop shop, supported by its insurance partners.
Eric Mignot, chairman and founder of +Simple said: “KKR’s expertise in the insurance sector globally and track record in growth investing makes them ideally placed to support our development. Our ability to raise debt from a player such as Tikehau reflects confidence in our strategy to generate strong growth and profitability.”