Orus offers business insurance products to restaurant owners and other small companies
Summary
The startup offers insurance products specifically designed for small and medium companies. Interestingly, todays 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 product for restaurant owners. The common thread is a focus on business insurance, and small companies in particular think freelancers, retailers, etc.Notion Capital and VR Ventures/Redstone are leading the new funding round. Thierry Daucourt from Axa, Gr\xe9goire Rastoul from Leocare and Albert Malagarriga Fandos from Elma are also rounding out the round.A new wave of insurtech startups for the long tailThere are hundreds of thousands of small companies in Europe that have to get some form of insurance before they can start collecting money from their clients. There are currently 25 people working for Orus and the startup plans to double its workforce in the next year.