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Insify raises $10.7m in growth funding

Amsterdam based insurance startup for small and medium-sized enterprises raised $10.7m in growth funding led by Munich Re Ventures.

“As an entrepreneur myself, I have experienced first-hand how SMEs are underserved when it comes to business insurance, with many legacy providers failing to offer a digital-friendly, streamlined and competitive offering – meaning that many businesses simply go without cover,” Founder and CEO Koen Thijssen said in a statement. “Our rapid growth since our previous funding round in 2022 shows the desire and need for better insurance solutions from freelancers and SMEs across the continent.”

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insurtech, smes, europe