What is Hedvig?
Hedvig operates as a leading digital insurance provider in Europe, distinguished by its cutting-edge technology and a sustainable business model. The company aims to revolutionize the insurance experience by offering a more transparent and customer-centric approach. Its focus on positive societal impact, coupled with technological advancement, positions Hedvig as a forward-thinking entity in the financial services industry.
How much funding has Hedvig raised?
Hedvig has raised a total of $52.5M across 2 funding rounds:
Series A
$7.5M
Series B
$45M
Series A (2019): $7.5M, investors not publicly disclosed
Series B (2021): $45M led by CommerzVentures, Obvious Ventures, and Cherry Ventures
Key Investors in Hedvig
CommerzVentures
CommerzVentures is a return-driven venture capital investor focused on early-stage FinTech and InsurTech companies in Europe, Israel, and the USA, typically investing between 2.5m and 10m.
Obvious Ventures
The Obvious Corp is a creative and design firm that transforms client ideas into compelling marketing and communications materials across multiple formats and channels, specializing in strategic design, copywriting, and illustration services.
Cherry Ventures
Cherry Ventures is an early-stage investment firm founded in 2012, focusing on European startups across various industries and providing capital, time, energy, and knowledge to support founders.
What's next for Hedvig?
The substantial enterprise-level funding and recent strategic investment signal Hedvig's readiness for accelerated growth and market penetration. This capital infusion is likely to be directed towards enhancing its technological infrastructure, expanding its product offerings, and broadening its geographical reach. Hedvig's commitment to a sustainable and impactful business model suggests a strategic focus on long-term value creation and market leadership in the evolving InsurTech landscape.
See full Hedvig company page
