Paris-based Orus, a company on a mission to reinvent professional insurance for small entrepreneurs and self-employed people, announced that it has secured €11M in a Series A round of funding.
The investment was led by European funds Notion Capital and VR Ventures/Redstone, with participation from previous investors Frst, Partech, and Portage.
The round also includes support from senior business angels in the insurance industry, including Thierry Daucourt (Axa), Grégoire Rastoul (Leocare), and Albert Malagarriga Fandos (Elma).
Founded in 2021 by Côme Dartiguenave, Tom Le Bras, and Samuel Rossille, Orus offers personalized online insurance products. Its services encompass general liability, business owners’ policy, decennial liability insurance, workers’ compensation, and health insurance.
Orus is dedicated to providing tailored insurance solutions to both businesses and individuals through user-friendly online platforms.
The company claims to make a swift impact in the professional insurance market by introducing its initial product for restaurant owners in June 2022. The product received positive feedback from its target audience, prompting Orus to expand its offerings to include freelancers, retailers, and small to medium-sized businesses (SMBs).
Currently, the company provides customized insurance policies tailored for a wide range of professions, serving thousands of clients.
With 25 employees, Orus aims to double its workforce in the upcoming year. The company is actively recruiting tech, data, and insurance professionals to facilitate the launch of new products, enhance the subscription experience, and assist professionals in risk prevention.
The startup also plans to expand its services by introducing decennial insurance, self-employed health insurance, and workers’ compensation.
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