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 insurtech scale-up Zego secures $42 million in a round led by Target Global

London-based insurtech startup Zego has raised $42 million to boost its European expansion. The financing round was led by Target Global and joined by Balderton Capital and Transferwise co-founder Taavet Hinrikus, who is also joining the company’s board. Zego says it will use the fresh cash to expand operations throughout Europe and double its workforce […]

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 […]

Berlin-based insurtech startup omni:us secures $22.5 million

German insurtech startup omni:us has raised a $22.5 million funding round from Target Global, MMC Ventures, and Talis Capital, with participation from existing investors Unbound and Anthemis. The company plans to use the money to further develop its AI-powered platform and expand into the US later this year. omni:us has developed a platform for automatic […]

Berlin-based simplesurance raises $11.5 million, plans to enter Japanese market

German startup simplesurance, which provides insurance at online point-of-sale, has raised $11.5 million in funding from the multinational insurance company TMHD and the Franco-German financial group ODDO BHF. With $60 million raised in total, the company claims to be the “best-funded insurtech from Europe.” simplesurance’s product is insurance for electronics that people purchase online. It […]