Brussels-based insurtech startup Qover has raised €8 million in a funding round led by Alven and Portag3 Ventures, with participation from the existing investor Anthemis.
The idea of Qover is to offer insurance products via “open APIs and white-label front-ends,” the company said in a statement. It claims that its non-life insurance products can be launched in any European country within six weeks.
Qover says that its products currently insure some 50,000 people in eight European countries. The company has also partnered with the likes of Deliveroo and the real estate marketplace Immoweb.
“We operate at the crossroads of technology and insurance and it’s our mission to be the partner of choice of every business looking for digital insurance,” said Jean-Charles Velge, co-founder of Qover. “This funding will allow us to accelerate our European development and investment in R&D and cutting-edge technology.”