Orus Raises €5M in Funding

Orus, a Paris, France-based insurtech company for small businesses, raised €5M in funding.

The round was led by Frst, Partech, and Portage Ventures with participation from Pierre-Olivier Desaulle, Raphaël Vullierme, Christophe Triquet and Arthur Waller. 

The company intends to use the funds to double its headcount by the end of the year, accelerate its commercial development and launch new products.

Launched by Côme Dartiguenave, Tom Le Bras, and Samuel Rossille in May 2021, Orus provides tailor-made insurance products for professionals in partnership with insurers like Wakam, and also optimizes the subscription process and offers customers a competitive rate in real time. The insurtech company is also focusing on customer service through the development of its own back-office, specific internal tools and the automation of various processes. This allows customer care  agents to save time and advise and support policyholders during the key steps of the process (subscription, life of the contract, renewal and claims).

The first offer, aimed at restaurant owners, is co-constructed with the insurer Wakam. It allows customers to purchase insurance directly online in less than 5 minutes, without any commitment, with all the essential guarantees brought together under a single policy. This cover includes a common base of guarantees (such as general liability, theft, fire, water damage, electrical damage, etc.) as well as some options such as legal protection and business interruption. 

The team also includes Amin Toussi, who joined as Head of Insurance in March 2022.