FinanceFox, a European service platform for insurers, brokers and consumers, has completed a $28 million Series A funding round – the largest InsurTech round in Europe to date.
The funding will be used to further expand its product, marketing and sales activities in Switzerland and Germany, as well as expand into new markets.
The round was led by Target Global and Horizons Ventures, with existing investors Idinvest Partners, Salesforce Ventures, Speedinvest, Seedcamp, AngelList and Victory Park Capital also participating.
Julian Teicke, founder and CEO of FinanceFox, said: “We want to establish FinanceFox as the premium service provider in the InsurTech segment. For all existing stakeholders, this investment round enables us to further pursue this goal.”
“We want to be the one-stop-shop for consumers, brokers, and insurances. Customers can manage all their insurance matters in one app. Brokers can use our platform to manage their core processes more efficiently and customer-focused than ever before. FinanceFox then matches the consumer, broker, and insurance product to find the perfect fit.”
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