Barcelona-based insurtech startup Weecover closes a €2.3 million investment round to expand internationally
Summary
Weecover, the Spanish insurtech startup specialising in embedded insurance, has just closed a €2.3 million seed round led by Nauta Capital. In 2021, Weecover established B2B channel partnerships with multinational companies such as FNAC, SEAT, PC Components, Bip & Drive, Opera, Ray Motors, Garanti Plus, Payin 7 and Payflow. Thanks to this and the technology developed by Weecover, end users can acquire insurance for products during purchase, a process that is fast, comfortable, and secure, without any cumbersome procedures. Regarding the new funding, he stated that this will allow Weecover to increase their presence in European markets while strengthening the organisation by incorporating new talent. Rafael Gallardo, Weecover’s CDO, emphasises that a key element of this investment round will be the push towards a constant technological renewal.