Paris-based +Simple scores €90 million for its insurtech solution
Summary
The funding round was led by global investment firm KKR and saw the participation of +Simple’s founders and existing investors, including Eurazeo, Speedinvest and Tikehau Capital. Eric Mignot commented: “KKR’s expertise in the insurance sector globally and track record in growth investing makes them ideally placed to support our development. Competitive, simple and easy to subscribe” Alongside the fresh funding, +Simple have brought three new companies into the fold to strengthen their presence in specific industries. French firm Alians, German Carl Rieck Assecuradeur and Italian underwriting agency Marintec have all been acquired. The combination of this big funding round and the acquisitions give +Simple a massive boost to consolidate themselves in the European insurtech market.