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French embedded insurance startup Neat secures $55 million
It’s not every day that you hear about a large funding round for a French startup in the current funding environment. But Neat, a Paris-based insurtech startup, has managed to raise €50 million (around $55 million at current exchange rates). There is some fine print however. In addition to the traditional equity-for-cash financial transaction, a portion of this funding round is a debt facility. It’s around 60% in equity and 40% in debt, according to the company. So it’s more like a €30 million
Sep 10, 2024
Indifi raises $35M to expand digital lending to more small businesses
Indifi Technologies, an Indian startup offering digital lending to small and medium businesses, has raised $35 million in a new funding round led by ICICI Venture, the investment arm of ICICI Bank. Existing investors, including British International Investment, OP Finnfund Global Impact Fund I, Omidyar Network India, Flourish Ventures and CX Partners also participated in […]
Jun 12, 2023
Orus offers business insurance products to restaurant owners and other small companies
French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes just a few months after Amsterdam-based insurtech startup Insify completed its Series A funding round with another €10 million. Orus originally started with an insurance […]
Oct 10, 2023
Insify raises another $10.7 million for its business insurance startup
Amsterdam-based insurtech startup Insify has completed its Series A funding round with another €10 million ($10.7 million at today’s exchange rate). Overall, the startup has raised €25 million as part of its Series A round ($26.7 million). Munich Re Ventures, the venture capital division of the large reinsurance company, is leading the extension round. Insify […]
Jun 7, 2023