Continuity raises €10 million

Continuity, a Paris-based insurance startup offering underwriting solutions, has raised €10 million in a Series A funding round led by 115K and supported by Elaia and Bpifrance. In 2021, the startup raised €5 million.

Founded in 2019, Continuity  offers SaaS solutions that utilize external data and AI to improve risk selection and ongoing monitoring. The startup claims that its tools are used by over 500 underwriters to better monitor one million policies and €2 billion in premiums. Some of Continuity’s insurance clients include AXA, Crédit Agricole, Entoria, Groupama, MACIF, IME, Sada Assurances, Wakam, and Hiscox.

The startup will use the funding to continue to develop its technology and to address new challenges in the large risks segment.

“We are thrilled with this new funding round, secured with top-tier investors, which will accelerate our development and enhance our innovation capabilities. We are proud to support the transformation of the P&C sector and contribute to the success of our insurer partners. Specifically, this funding will allow us to expand our solution to optimize the management of large industrial and agricultural risks, solidifying our position as a technological leader in France and initiating our European expansion.” – Benoît Pastorelli, CEO and co-founder of Continuity.

“We were impressed by the robustness of the technology, the strong expertise of the teams, and the rapid, tangible returns on investment seen among Continuity’s clients. This positions Continuity perfectly as a European leader in its market. Our fintech expertise and long-term investment capacity make 115K a natural and solid partner to support this growth, and we are excited to lead this funding round alongside the company’s long-time shareholders.” – Damien Launoy, Managing Director of 115K.