Sequoiabacked Insurance Tech Startup SureIn Just Raised $4.4 Million In Seed Funding With This 13slide Pitch Deck
- German insurance technology startup SureIn has just raised $4.4 million in a funding round.
- The Company provides insurance to small and medium-sized businesses through Sequoia's Arc program.
- We got an exclusive glimpse of the 13-slide presentation that was used to raise the new funds.
German insurance technology startup SureIn has raised $4.4 million in new funding.
Founded in 2021, the Berlin-based company and part of Sequoia's Arc program aims to make insurance policy management easier and cheaper for small businesses. Current small business insurance options are often based on a one-size-fits-all approach.
"I've spent a lot of time as an investor and in the insurance industry and I've seen that insurers don't have a clear approach to SMEs and that a large percentage of them are not satisfied with the current coverage," said Daniel Dirks co-founder. . and CEO of SureIn. WITHIN
"Our approach combines capabilities from different models to help organizations understand their risk levels and tailor insurance coverage."
SureIn works with around a thousand small businesses in the hospitality and retail sectors and plans to serve other sectors such as healthcare in the future. SureIn, through its app, collects information directly from companies to analyze their risk levels before comparing different insurance products and options to provide companies with the combinations available.
The broader insurance technology market has been challenging over the past year as venture capital funding in the sector has fallen sharply this year to 2018 levels. "This financing was not easy and many tourism investors have left the market," added Dirkes. "But this is a huge market opportunity, so we've proven the appeal of our work with good market viability numbers for our products and strong unit economics to start a competitive cycle."
The SureIn funding round was led by Pact VC with backers Koro Capital, Robin Capital and angel investors.
The seed funding will be used to expand the company's product line and technical staff, as well as expand the functionality of the SureIn platform.
Discover the 13-part project SureIn is raising new funds with below:
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home