Berlin-based SureIn, an InsurTech startup, announced that it has raised €4M in a Seed round of funding led by Pact VC.
The company aims to deliver comprehensive insurance solutions for small and medium-sized businesses.
SureIn says the funds will be used to expand its technical teams to enhance the company’s platform and improve product automation throughout its lifecycle.
The funds will also be used to expand insurance offerings in critical areas like healthcare and pension in existing and new verticals such as professional services and startups.
SureIn plans to change the SMBs issues by bridging its insurance gap, starting in Germany. The company has developed a unique platform encompassing an end-to-end insurance infrastructure for SMBs.
This innovation eliminates the need for SMBs to create systems, rely on third-party tools, or engage with traditional brokers. Since its launch in early 2022, SureIn has expanded its presence across various industries.
The platform generates over €1M in gross written premiums. The company claims it has successfully assisted businesses of diverse sizes and is close to serving its 1,000th SMB client.
SureIn specializes in hospitality, retail, beauty and wellness, services, craft, and construction. It employs a vertical-focused distribution and growth approach by thoroughly understanding each group’s different risks and needs.
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