Founded in 2015, +Simple, has scored €90 million and acquired three European companies to grow its insurtech offering. 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.
The French platform operates as an insurance Robo-Broker for freelancers, small and medium businesses. The tech behind the platform generates tailor-made and competitive insurance packages, based on a simple questionnaire. The firm was founded by Eric Mignot (Chairman), Anthony Jouannau (CEO) and Salah Hamida (Deputy CEO and CTO) with the aim to create a one-stop shop for professional insurance needs.
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. Our ability to raise debt from a player such as Tikehau reflects confidence in our strategy to generate strong growth and profitability.”
+Simple go beyond the insurance, with the aim to be a real guide for customers through the insurance process. The firm holistically blends high-level customer experience with powerful tech to simplify insurance for users. It now counts 104 employees, 6 offices and over 26k clients.
Eric Mignot: “Our promise: to provide solutions adapted to your business. 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. The new funding will be used to fuel further expansion.