What is Simplesurance?
Simplesurance is a technology-driven platform dedicated to simplifying insurance services for both individuals and businesses. By offering transparent and accessible insurance solutions, the company aims to enhance efficiency and connectivity in the insurance market. Operating across multiple countries, Simplesurance tailors its offerings to local market needs, striving to streamline the insurance experience for its clientele.
How much funding has Simplesurance raised?
Simplesurance has raised a total of $96.4M across 6 funding rounds:
Series A
$2.5M
Series B
$8M
Private Equity
$32.2M
Series C
$24M
Unspecified
$11.5M
Debt
$18.2M
Series A (2013): $2.5M with participation from Mountain Partners
Series B (2015): $8M, investors not publicly disclosed
Private Equity (2017): $32.2M supported by Route 66, Allianz, Rakuten, and Rheingau Founders
Series C (2018): $24M featuring Rheingau Founders, Rakuten Capital, and Allianz X
Unspecified (2018): $11.5M backed by TMHD and ODDO BHF
Debt (2020): $18.2M with participation from Allianz X
Key Investors in Simplesurance
Allianz X
Allianz X is the strategic growth investments arm of Allianz Group, focused on investing in companies with exceptional growth potential in the financial services sector. It actively manages high-conviction investments and forges partnerships to enable transformative collaborations.
Route 66
Route 66 Ventures is a private investment firm focused on helping entrepreneurs shape the financial services landscape of tomorrow by providing Venture Capital and Credit solutions to emerging financial technology and services companies.
Rakuten
Rakuten Group Inc. is a global technology conglomerate and innovation company operating a comprehensive digital ecosystem spanning Internet Services, FinTech, Mobile, Communications, and Digital Content.
What's next for Simplesurance?
The substantial enterprise-level funding indicates Simplesurance is poised for significant scaling and market penetration. This capital injection will likely fuel further technological development, expansion into new geographic regions, and strategic partnerships. The company's focus on digital transformation within the insurance industry positions it for sustained growth and innovation in the competitive insurtech landscape.
See full Simplesurance company page
