Leocare raises $116M in Series B funding
French insurtech Leocare raised $116 million in Series B funding led by Eight Roads. The round entailed both equity and debt raising. The round also saw participation from existing investors like Felix Capital, Ventech, and Daphni.
“With this funding round, we’ll still follow the same model but we’ll also add the ability to use our own risk carrier,” said CEO and co-founder Cristophe Dandois.
The company was founded with the aim of handling all of an individual’s insurance needs under an umbrella. The startup offers the option to insure your home, your car, your motorbike, and your smartphone. It also provides customers with a mobile app through which they can subscribe to new policies.
The long term goal of Leocare is gaining the ability to offer all encompassing insurance under one contract. The French company envisions a future wherein it is a one-stop solution to everything insurance related.
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