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.
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Financial comparison site CompareEuropeGroup scores $21M from Thiel, ACE and more
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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.)
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