Digital Fineprint, a London, UK-based insurtech startup, raised $2.7m in funding.
The round was led by Pentech Ventures, with participation from existing investors Force Over Mass, and angel investors from the insurance and fintech community (including Andy Homer, the previous CEO of AXA UK). In conjunction with the funding, Marc Moens, partner at Pentech Ventures, will join DFP’s board of directors.
The company will use the funds to grow its team, continue the development of its social media-powered insurance distribution software, and expand geographic coverage.
Led by Erik Abrahamsson, CEO, Digital Fineprint provides insurance companies with a machine learning technology, predictive modeling and social media analytics platform to increase lead generation and product upsell/crosssell.
The solution also generates actionable insights for marketing, underwriting, and risk.
Launched out of Oxford University, and accelerated by Allianz and Accenture, the company works with insurers such as Hiscox, MetLife, QBE, and Allianz.