INZMO raises €3.1 million

Berlin-based startup INZMO has closed a €3.1 million seed round led by Change Ventures with participation from Swiss insurer and existing investor Helvetia.

Founded in 2015, INZMO (a team of ~12) offers B2B2C solutions across multiple verticals from consumer electronics and bike insurance to rental deposit insurance. It also has a direct-to-consumer proposition and customers using its app, can buy product insurance, and manage their policies as well as submit claims.

The company has previously raised $4 million and plans to expand to a security deposit alternative.