What is Setoo?
Setoo operates as a transformative force in the insurance industry, positioning itself as a business accelerator for e-businesses. By leveraging its deep insurance expertise, Setoo empowers online enterprises to offer personalized insurance solutions. These offerings are designed not only to enhance the customer experience but also to unlock new revenue streams. The company maintains a strategic presence with headquarters in London, an insurance hub in Paris, and a research and development center in Tel Aviv. Setoo is led by co-CEOs Noam Shapira and Eyal Gluska, both seasoned professionals from the Israeli high-tech landscape, alongside Chief Insurance Officer Pierre-Olivier Desaulle.
How much funding has Setoo raised?
Setoo has raised a total of $9.3M across 1 funding round:
Series A
$9.3M
Series A (2018): $9.3M, investors not publicly disclosed
What's next for Setoo?
With a significant enterprise-level funding context, Setoo is poised for accelerated scaling and market expansion. The recent strategic investment likely signals a focus on enhancing its technological infrastructure, broadening its product portfolio, and potentially entering new geographic markets. This capital infusion will be critical in solidifying its position as a leader in embedded insurance solutions, further integrating insurance offerings into the e-commerce customer journey and driving innovation in personalized risk management.
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