bsurance, a Vienna, Austria-based insurtech startup, raised €4m in Series A financing.
Backers included Uniqa Ventures, the corporate venture capital arm of Austria’s leading insurance group, and new investors.
The company intends to use the funds for further expansion into Western Europe and CEE.
Founded at the end of 2017 and grew up in the accelerator program of the Vienna based innovation hub weXelerate, and led by Lorenz Gräff, CEO, bsurance offers insurance products that are tailored to the specific needs of each customer. These are integrated directly into the customer journey of the cooperation partner and can be made both online and offline directly at the point-of-sale.
Its cloud-based digital platform enables the fully automated handling of all insurance processes, including policy creation in real time. New cooperation partners are connected via an integrated API interface. In order to be able to guarantee an improved customer experience, processing partners operating throughout Europe take care of customer care and claims processing.