Spanish insurtech startup Bdeo raises €1 million

Madrid-based insurtech and visual intelligence startup Bdeo has raised €1 million in funding from Big Sur Ventures and K Fund.

Bdeo helps insurance companies to go through the digital transformation by offering what it calls a “visual intelligence” platform. The startup digitises the processes of purchasing an insurance policy and registering a claim with a video calling technology that allows collecting all the documents and evidence necessary.

The list of the startup’s clients includes Mutua Madrileña and Zurich in Spain, Fidelidade in Portugal, and BBVA Bancomer in Mexico.

“The product has been developed, and we are already seeing successful implementation in Europe and Latin America,” said Julio Pernía Aznar, CEO and co-founder of Bdeo. “The goal of this round is to strengthen the existing team in order to grow the company, consolidating ourselves in the markets where we already operate as the leading visual intelligence solution for conducting business.”

Image credit: Helloquence on Unsplash

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