Neosurance raises €1.1 million to sell insurance in 7 seconds on mobile

Italian insurtech startup Neosurance has announced closing a €1.1 million funding round, backed by Net Insurance, Luiss Alumni 4 Growth and a group of investors led by Mezzetti Advisory Group.

Neosurance, founded in 2016, provides insurance companies and digital communities with a platform that helps profile and engage their customers, offer relevant insurance through push notifications, deliver an ‘instant’ 7-second insurance policy sign-up, and overall deliver a better insurance experience for users.

The startup has won a whole host of awards, including the Insurance IoT Europe Newcomer Award (Jun 2016), Aviva Digital On Award (Sep 2016), the Best Italian Insurance Startup at the MF Insurance Awards 2017 (Apr 2017), Best Insurance Game-changer award, by Munich Re Digital Partners (Sept 2017) and Ambrosetti Best startups Fintech/ Insurtech in Italy (Apr 2018).

The new funds raised mean that the startup now has a pre-money valuation of €10 million.

“The trust that such prestigious members have given us is a significant milestone in the history of Neosurance because with this operation – which is a further confirmation of the value of our  solutions – the foundations have been laid to attract new capital from institutional investors, in order to give even more propulsion to the exciting projects that the company is carrying out,” said Andrea Silvello, President of Neosurance.