AI-Led Insurance Startup Neosurance Raises €705,000

Neosurance, the machine learning and AI-based agent which enables the sales of instant micro policies, announced it has raised €705,000 in a seed round, bringing its total funding to date ~$1M .

 

The round has been concluded in parallel with the  launch of the first instant product created by Neosurance in partnership with AXA Italia and saw the participation of strategic business angels, predominantly managers and executives coming from the Italian and European insurance industry.

 

“This strong team of shareholders will contribute to generate further business growth for Neosurance  and represents another major push in continuing the discussions with strategic corporate  partners interested in joining as shareholders”, said Pietro Menghi, CEO of Neosurance. The startup has planned a further €800,000 capital increase for this autumn in order to further strengthen the commercial and technological teams and expand its  geographical scope.

 

Bottom Line: the startup is now focused on entering into new business  partnerships with Italian and international insurance carriers and communities. Moreover, it is currently making progress to establish  its presence in the US.