Leocare raises 15 million EUR in funding

The French start-up Leocare has raised 15 million EUR (18.2 million USD) from three investors, Felix Capital, Ventech and Daphni. The company also raised 5 million EUR (USD 6.08 million) in bank debts.

These new funds from the neo multi-service insurance (homeowner’s, motor, motorcycle and smartphone) will be used to finance its growth in France and take a leading position in the mobile phone insurance market.

Founded in 2017, the start-up expects to reach one million customers by 2025.

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