Insurtech startup omni:us gets €1.6 million from the EU for its AI-driven claims platform – an interview with CEO Sofie Quidenus-Wahlforss

In a couple of weeks, we’ll participate in The Big Score in the lovely city of Ghent, Belgium, an international venture capital & corporate innovation event that will feature 50 of Europe’s most promising growth stage scale-ups and 25 interesting Belgian startups. One of the scale-ups that will be also in attendance is Berlin-based omni:us. […]

Belgian insurtech startup Qover lands €8 million to expand across Europe

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 […]

London-based life insurance startup yulife secures £10 million

The UK-founded insurance startup yulife has raised £10 million in a funding round led by Creandum Funds, with participation from MMC Ventures, Notion Capital, Anthemis Exponential Ventures, RGAX, and OurCrowd. According to the company, 87 percent of SMEs have no life insurance for their employees in place. The startup tries to solve this by offering […]

Israeli drone insurance startup VOOM raises $5 million

Tel Aviv-based “specialised mobility” insurance startup VOOM has landed $5 million in a funding round led by Arbor Ventures with participation from F2 Capital, Verizon Ventures, Kaedan Capital, and Plug and Play Ventures. This capital injection brings the total amount raised by the company to $7 million. VOOM, which also incorporates SkyWatch.AI, offers insurance products […]

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 […]

London-based commercial insurtech startup Cytora raises £25 million

Cytora, a British startup that provides AI-powered products for the commercial insurance industry, has landed £25 million in a funding round led by EQT Ventures, with participation from Cambridge Innovation Capital, Parkwalk, and several angel investors. The startup spun out of the University of Cambridge in 2014 to focus on applying AI to commercial insurance. […]

Israeli insurance risk assessment startup Sayata Labs raises $6.5 million

Tel Aviv-based Sayata Labs has landed a $6.5 million funding round led by Elron. The company claims to be able to help SMB insurers to assess cyber risks and provide them with actionable risk mitigation recommendations. Sayata is already working with AXA, a major insurance company active worldwide. The main idea of the company’s solution […]