Swiss insurtech startup Helvengo secures over €4 million to fuel European expansion
Summary
The round is led by TX Ventures along with Hypoport, PostFinance, Seed X Liechtenstein, Anamcara Capital, Plug and Play, Conny&Co, and various business angels. After running a risk analysis, Helvengo automatically compiles offers for professional liability, cyber and D&O insurance. Vedran Pranjic, Co-Founder of Helvengo, said: “We offer SMEs the opportunity to analyze and cover their risks in just a few minutes. With this, we are making the commercial insurance market more digital, transparent, and cost-effective.” The combination of risk analysis coupled with Helvengo’s flexible products makes tailor-made insurance coverage a reality for companies – revolutionizing the insurtech world for SMEs and startups. The insurance market for SME P&C is estimated to be worth over €75 billion, and Helvengo’s product is addressing the very real challenges that companies are facing – putting special emphasis on new risks of the 21st century that SMEs have to contend with.
Funding
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