Leocare raises 15 million EUR in funding

Magazine Issue:

Covid-19, insurers affected but not wrecked [3]

Magazine date:

Jan 2021

Leocare 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.

Read also | SCOR develops a biometric risk calculator [4]

Fri, 29/01/2021 - 09:57

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[3] https://www.atlas-mag.net/en/issue/covid-19-insurers-down-yet-not-out
[4] https://www.atlas-mag.net/en/article/scor-develops-a-biometric-risk-calculator