Hedvig to raise an series A extension round of SEK 80 million from Obvious Ventures, CommerzVentures, Novax et all.

Hedvig, a Stockholm, Sweden-based digital provider of insurance brokerage services, announced a SEK 80M ($9M) extension of its series A round.

The money was raised from new and existing investors, led by US-based VC Obvious Ventures, and including contributions from Cherry Ventures, Novax and CommerzVentures. Proceeds will be used to make the business available in more European countries.

The series A round, at $10.4M, was initially announced in the summer of 2019.

Hedvig, founded in 2016 by John Ardelius, Fredrik Fors and CEO Lucas Carlsen, sells home and property insurance via a digital platform. The company launched its service in May 2018 and is in the proceess of becoming a licensed insurance company in European Union.

Today Hedvig is active in Sweden, where it has 15,000 customers with a total value of more than SEK 10 billion in insured assets, as well as in Norway, and expects to launch in Denmark in 2021.

Prior to this round, Hedvig raised about $14 million.