FinanceFox, a Berlin, Germany-, Zurich, Switzerland-, and Barcelona, Spain-based provider of an online insurance management platform, raised $5.5m in funding.
The round was led by Salesforce Ventures, with participation from AngelList, Idinvest, Seedcamp and Speedinvest.
The company intends to use the funds to expand its marketing efforts in Switzerland and in Germany, as well as open up new markets.
Co-founded in November 2014 in Switzerland by CEO Julian Teicke, Amir Suissa, and Dario Fazlic and led in Switzerland by Michael John and in Germany by Hartmut Teicke, FinanceFox provides an online app that enables customers to efficiently manage insurance and financial products allowing to stay informed about terms and conditions, rates and turn their interactions with insurances into a paperless experience and receive personalized advice.
The company, which currently partners with some insurance brokers in Switzerland and is now expanding into the German market, employs more than 70 employees and is continuing to hire people in Berlin, Zurich and Barcelona.