Hedvig has raised $3.4M from investors including Cherry Ventures and Khaled Helioui.
Hedvig, a Stockholm, Sweden-based company providing a software as a service solution for the insurance industry, announced in a press release securing SEK 30M ($3.4M) in capital investment.
Hedvig was founded in 2016 by John Ardelius, Lucas Carlsén and Fredrik Fors in order to offer a simple, fast and fair insurance for both rental and owned apartments, as well as insurance for travel and most gadgets and items from phones to bikes. The company takes a cut of 20 percent of the consumer's monthly payment and works with the German insurance company Inter Hannover.
Prior to this, Hedvig raised $600k in pre-seed capital. The company has launched its service in May 2018.