The investment was led by ACE & Company, Richard Li’s Pacific Century Group, Nova Founders Capital, SBI Holdings (former SoftBank Investments), Mark Pincus (founder of Zynga), Peter Thiel (the PayPal and Palantir founder.
The premise behind CompareEuropeGroup, which was founded in 2015, is a simple one: The company uses machine learning and other algorithms to sort through and search for the best deals for a particular service in real time, based on a few parameters entered by the consumer. As a user, you will typically get dozens of suggestions from a range of providers, with a sliding scale of prices covering different things. (For example, one car insurance offer may have a higher deductible, another might include coverage outside of your home country.)