Intact Ventures led the Series A round alongside Ingka Group to help the insurer scale its customer base and workforce.
"This latest Series A funding round comes at an exciting time, we’re growing very quickly which has been attractive to both existing and new investors."
The seed round was co-led by Insurtech Gateway and AV8 Ventures to support the launch of new insurance products for chronic conditions.
"Insurtech Gateway and AV8 Ventures are the ideal partners for Bluezone Insurance; their deep industry expertise, insurance network and track record of de-risking early-stage insurtech businesses from regulatory approvals and insurance capacity clearly differentiates them from other seed stage funds. Collaborating with them will accelerate our process of launching a product into the market and achieving the milestones required for the next investment round. During our fundraising journey, they provided us with ample support, progressed quickly and made introductions to impactful angels and excellent co-investors."
The UK-based car insurer and technology provider raised the capital from more than 50 investors.
"We wanted to create a community around Breez where those close to the business can support it from the outset and share in its success. Our funding round raised money quickly and we incurred minimal associated costs, which meant that we could focus our time, effort and resources on building a brilliant business."
EHE Capital led the seed round to support the launch of the insurtech firm's digital platform.
"At Peppercorn, we’re looking to transform and improve the customerexperience. We’ve pulled together a great team, utilised groundbreaking technology, and developed a unique proposition. We wanted to take that to launch with the support of a forward-thinking, technology-focused investor who would amplify our vision and help us start generating revenue quickly. From our very first conversation we knew we’d found that in EHE Capital."
The extension features participation from MMC Ventures and a new key investor.
"The range of existing and new investors is a fantastic endorsement of both our strategy and the global applicability of the solutions we provide to solve a need in the market. This extended funding will give us the ability to focus upon growth in both Asia and in the U.K. We have been expanding the team to support this and signing new partnerships in the region, such as the recently announced involvement with AIA Group, Asia’s largest pan-Asian Life Insurer."