Continuity raised €5 million in seed funding from Elaia Partners, Bpifrance, and Kamet Ventures.

Continuity, a Paris, France-based softwre startup developing a SAAS solution for insurance companies, announced that it completed an equity financing round closed at €5 million ($5.7M).

The money was raised from investors from France and the UK, including Elaia Partners, Bpifrance, and Kamet Ventures. Proceeds will be used for product enhancement and business expansion.

Continuity, founded in 2019 bY CEO Benoit Pastorelli, developed a SAAS platform used by insurance companies in order to detect contracts that are either outdated or invalid across four product lines including Professional Indemnity, Commercial Property, Construction Workers Insurance, and Directors & Officers Liability. The company claims that it processed more than 500,000 contracts worth more than €1.5 billion to date, and works with clients including AXA France, Hiscox France, and MMA.