Neosurance Srl, the insurtech broker and scale-up created to offer an end-to-end platform for selling digital, instant, pay-per-use and subscription-based insurance policies, has gained the trust of new and prestigious investors such as Luiss Alumni 4 Growth and Net Insurance while seeing a top-up on a previous investment from a pool of investors led by Mezzetti Advisory Group.
Neosurance’s capital increase of 1.1 million euro has been executed at a pre-money valuation of 10 million Euro and it will be further increased with an additional minimum committed investment between 180,000 and 250,000 Euro within 60 days.
Neosurance has developed an innovative solution, based on Machine Learning and Digital Customer Experience, capable of collecting and processing context-related data with a self-learning approach. Insurance companies and communities can use Neosurance APIs to offer the best fitting insurance policy, when and where it’s needed: a personalized push notification on the smartphone enables the purchase of specific coverage with a few taps and at an affordable price. On top of having pioneered and becoming the global leader in the so-called “instant insurance”, Neosurance has recently expanded its solutions to offer innovative pay-per-use and long-term insurance, also through other insurance intermediaries.
“I am very proud that such prestigious institutions have decided to get on board with us, notwithstanding the ongoing health and economic emergency, sharing our vision to leverage the strategic and social relevance of digitally-accessible protection and assistance solutions. Moreover, as a LUISS Alumnus, it’s an honor for me to have among our shareholders the investment vehicle created by the University to support the entrepreneurial initiatives of its own alumni.” said Pietro Menghi, CEO of Neosurance
“The trust such prestigious shareholders have demonstrated in our team is testament to the value of our solutions of our solutions, paving the way to attract new capital from institutional investors, with the purpose of giving a further push to our ambitious projects” – Andrea Silvello, Chairman of Neosurance.
“I am very happy to welcome such new outstanding partners among Neosurance’s shareholders and I am certain that they will actively contribute with their experience and vast network to further boost the recognition that Neosurance has been gaining both in Italy and internationally.” – Dario Melpignano, Board member of Neosurance.
Luiss Alumni 4 Growth is an investment club of the prestigious University sponsored by Confindustria – the General Confederation of Italian Industry - and aimed at accelerating the growth of Luiss-related start-ups and its Alumni business initiatives.
Net Insurance is an insurance company listed on the Italian Stock Exchange which offers personal lines and SMEs protection solutions. Its historical track record, financial solidity, and the innovative offering have gained Net Insurance a very distinctive position in the Italian insurance market. The value proposition of the company is focused on non-auto P&C and particularly on Credit Protection, distributed through bancassurance and retail brokers and in collaboration with insurtech partners such as Neosurance.
Among the professionals actively contributing to the deal, a special thanks to Dr. Didier Adler who has coordinated the onboading of some of the new investors.
Legal advisory was provided by Antonia Verna, partner heading the Startup & Venture Capital practice at Portolano Cavallo law firm, Ginevra Sforza, associate at Portolano Cavallo, Cesare de Carolis and Barbara Bergamaschi of DCS & Partner law firm.
For any further information please refer to: email@example.com