Hellas Direct Raises €32M in Funding

Hellas Direct
Hellas Direct logo

Hellas Direct, a Athens, Greece-based technology-driven insurance company operating in Greece and Cyprus, raised a further EUR 32m in funding, bringing the total raised to date to €56m.

Backers included the European Bank for Reconstruction and Development (EBRD), Portag3, the IFC (member of the World Bank Group), Endeavor Catalyst and family offices including those of Jon Moulton and Lord O’Neill.

Led by Alexis Pantazis and Emilios Markou, Hellas Direct is a digital-first, full-stack insurance company, empowered by technology and the use of advanced analytics.

The company intends to use the funds to accelerate its high organic growth across multiple products and distribution channels, to expand into five European markets – starting with Romania, in order to replicate the multi-product, multi-channel approach it has successfully deployed in Greece, and start offering its own credit product.