Orus raises €25 million

French insurance startup Orus announced a €25 million Series B funding round led by Singular, with participation from existing investors Notion Capital and Redstone. To date, Orus has raised €41 million across three funding rounds.

Founded in 2021, Orus provides business insurance and it claims to serve over 30k businesses. The new funding will support Orus’ international roll-out, beginning with Spain.

“The SMB insurance sector is still dominated by legacy players offering opaque products, slow onboarding, poor customer service, and cumbersome claims processing. Orus leverages technology to provide simple, and transparent insurance solutions tailored precisely to the needs of small businesses.” – Côme Dartiguenave, CEO of Orus.

“Orus is not just building a great product, they are defining a new category in commercial insurance. It is the first digital platform we have seen that truly serves the full breadth of the SME landscape, from independent professionals to construction crews to retail shops or chains, with a solution that is both comprehensive and intuitive, with a quote ready in 3 minutes online. They are already adding thousands of new customers every month, growing faster than anything we have seen in the space, and this is only the beginning. This is a world-class team with a rare understanding of both the complexity and scale of the opportunity, and the ambition to reshape the industry. We are proud to be by their side.” – Henri Tilloy, Partner at Singular