Berlin-based insurtech startup Getsurance has raised €2 million in a seed funding round. The investment comes from Picus Capital, the investment company of Alexander Samwer, the IBB affiliate and the Swiss Postfinance bank. Last May, shortly after the launch of Getsurance, the founders received €500,000 euros in an angel investment from the managers of the rating agency Franke and Bornberg.
Swedish insurtech company BIMA, which brings mobile microinsurance to underserved families in emerging markets, has raised $16.8 million. The round was led by Axiata Digital, the digital services arm of Axiata Group, one of Asia’s largest telecommunications groups. Also participating in the round were existing investors Kinnevik, Milicom (Tigo), LeapFrog Investments and Digicel. The company has raised $75 million to date.
Belgian financial technology startup Qover has raised €5.5 million in a Series A round led by Anthemis. Qover is a startup in the growing “insurtech” space. It provides digital insurance APIs to help build digital insurance products. With its new funding, the company is expanding its first product, GAP motor coverage, beyond Belgium and will […]
Otherwise, a French startup specializing in collaborative insurance, has raised €1.6 million. The investment comes from 360 Capital Partners, Bpifrance and private investors, and will be used to accelerate the startup’s development.
Ottonova, Germany’s first online insurance provider, has received an investment of €15 million from Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, b-to-v and STS Ventures, reports Deutsche Startups. Tengelmann Ventures contributed €4 million in the insurtech company.
US-based Travelers Companies, Inc. has announced that it will acquire Simply Business from Aquiline Capital Partners LLC for an enterprise value of approximately $490 million. Simply Business is a leading distributor of small business insurance policies in the United Kingdom.
The UK’s Cuvva, a “pay as you drive” car insurance service, is launching today with £1.5 million in funding led by LocalGlobe. Cuvva’s model of insurance, it said, is for drivers that own a car but don’t drive it regularly. There are around six million such cars in the UK, according to the Department for […]