Open Insurance platform Insurely secures €2.5 million in new funding
Summary
The new funding will support Insurely’s continued growth by recruiting new talent and expanding operations to more markets in Europe. The company has raised EUR 0,5 million in pre-seed capital from angel investors to date — including Elias Jacobson, former CEO of the groundbreaking Swedish AI company Peltarion, Emanuel Lipschütz, founder of and CTO at Netsafe, Robert Chirico Willstedt, Co-founder of the Swedish mobile game Quizduel and Mikael Karlsson, founder of MW group. In a short period of time, the team has proven that they can develop innovative API-based solutions and onboard paying customers in an otherwise rather non-digitized industry. “By offering clients the ability to obtain high-quality insurance data, our solutions can support them to personalize and streamline the customer onboarding journey, optimize pricing and create more consumer centric products,” Martin Einemo comments. One of the most used applications is a solution that allows for end-users to compare their existing insurance policies with new offerings, which has proven to increase both conversion and user engagement.