Neosurance, a Milan, Italy-based insurtech startup, raised €230k in total pre-seed funding.
Backers included new CEO Pietro Menghi and Matteo Carbone, founder of the Connected Insurance Observatory, who will join as Senior Advisor.
Following the pre-seed round, the company is being valued more than €3m.
Co-founded by Andrea Silvello and Dario Melpignano, Neosurance provides insurance companies with technology solutions to offer on the spot micro policies to their clients. As announced previously, the company is in talks with potential investors to complete a €1m seed funding round in the coming months and has signed deals with few communities such as Models Corner Milan, a model club, TiAssito 24, an Italian app assisting the client in car management, and KLCC Runners Group, a runners club in Malaysia, which enable them soon to subscribe micro insurance policies to cover specific short lasting events.
Neosurance, which recently won the Horizon 2020’s SME Instrument “Phase 1” award, has also appointed Pietro Menghi, a professional veteran with a 20 year long career in the insurance industry, having held top roles in Swiss Re and Willis, as CEO.