Helvengo secures funding from local investors.

Helvengo, a Zurich, Switzerland-based insurance startup, announced that it signed off a capital raise investment agreement.

The money was raised from local investors including Hypoport, Seed X, and angel investor Cornelius Boersch and other business angels whose name was not disclosed.

The capital increase will be used to further develop the product in Switzerland and to prepare for market entry in Germany and Austria.

Helvengo, founded in 2020 Vedran Pranjic, Benedikt Andreas and Felix Huemer (all three former employees at wefox from Germany), is working for the development of an insurance business, selling products to entrepreneurs and SMEs.