Insurance Tech Hellas Direct Secures €30M Investment to Tackle Climate Challenges Across CEE
Summary
None The funding round was led by Londons ETF Partners and supported by the companys founders along with both new and existing investors. None The new investment will be utilized to address the challenges posed by climate change in Central and Southern Europe.Hellas Direct, founded in 2011 by Alexis Pantazis and Emilios Markou, aims to develop insurance solutions designed to assist individuals and businesses in at-risk areas. These solutions offer coverage against seasonal threats such as wildfires and floods, and also incentivize policyholders to actively contribute to climate mitigation efforts.According to the companys data, they have more than 900K customers and 155 million in underwritten premiums.Hellas Direct aims to establish itself as a key player in the ongoing conversation about climate resilience and adapted insurance strategies. They have developed a deep understanding of the insurance industry and demonstrated impressive growth through the deployment of their advanced technology platform and appreciation for the local markets. Developing and deploying insurance products that help people adapt to the effects of climate change will be increasingly important going forward, said Robert Genieser, Managing Partner at ETF Partners.As we look to the future, we are more committed than ever to innovating and delivering solutions that address the growing risks and urgent challenges of climate change.