Grape raises CHF 1.7 million
Swiss insurance startup Grape has raised CHF 1.7 million in pre-seed funding round led by Wingman Ventures, with participation from the FinTech funds Tomahawk.VC, and DD Venture Capital.
Founded in 2021, Grape acts as an MGA and works with businesses to deliver insurance products for their employees. The coverages being offered include salary protection in the event of a longer sick leave, accident insurance, and BVG insurance (pensions). Grape’s platform promises simpler policy administration and claims handling.
“The Insurtech world finds itself still in its early days. However, the insurance sector is one of the largest industries globally that now shows clear signs that new massive businesses can emerge. Grape’s approach to fully digitizing and automating the underwriting and claims handling process by integrating their technology into their customer’s processes is precisely what insurance customers expect from the next generation of insurance products.” – Lukas Weder, founding partner of Wingman Ventures states.