Wallife, a Rome, Italy-based insurtech startup, raised $4.8M in first funding.
Backers included Wellness Holding of Nerio Alessandri, (founder and president of Technogym), Antonio Assereto (Proximity Capital) and Andrea Dini (Aptafin) and other leading figures in the international financial scene between banks and private equities.
The company intends to use the funds to study and patent new ways to protect individuals and develop the insurance platform.
Founded in 2021 by Fabio Sbianchi, visionary entrepreneur and founder of Octo Telematics in 2002, and led by CEO Maria Enrica Angelone, Wallife focuses on protecting the individual from risks arising from technological innovation and scientific progress in the three areas of genetics (preservation of biological material and genetic identity), biometrics (fingerprints, facial recognition), and biohacking (use of technologies inside the human body, such as prostheses and implantable medical devices).
The second round of investment planned for 2022 aims at accompanying the launch and development of Wallife’s new products.