Hedosophia led France-based Neat’s $55 million series A investment round
Insurance technology startup Neat received an investment of 55 million dollars. Sixty percent of the investment in the company was provided as equity and 40 percent as debt. Hedosophia led Neat’s $55 million series A investment round. France-based Neat’s investment round included Alma Mundi Ventures, ETFS and Athletico Ventures.
Neat announced that it will use the new investment to expand its insurance product range and develop its technology infrastructure.
Founded in 2022 by Fabien Cazes and Maximilien Dauzet, the company stands out as an insurance technology startup that helps other companies offer insurance products to their customers. Neat focuses on embedded insurance products. Thus, these products enable insurance sales with services or products offered by retailers.
This way, users can easily purchase the insurance products they unknowingly need in their daily lives. On the other hand, this approach makes insurance transactions simpler and more accessible for both consumers and retailers.
By delegating risk management to insurance and reinsurance companies, Neat gains flexibility. It can also offer a wide range of products. Providing services in different sectors allows it to manage risks in a balanced way. In this way, it creates a secure and sustainable business model for distribution partners and customers.
