Insurello raised SEK 150 million in a round led by Norstjernan.

Sweden Finland 08 July 2021

Insurello, a Stockholm, Sweden-based company selling insurance services via a digital platform, announced the completion of a SEK 150 million ($17.4M) capital fundraising round.

The money was raised from local investors from Sweden, including Nordstjernan and existing shareholders Schibsted and Inventure.

Insurello, founded in 2017 and led by CEO Marcus Janback, sells insurance products in Sweden, Denmark and France and produced sales of roughly SEK 15 million ($1.7M) in the 2019-2020 fiscal year. It previously raised $8 million in 2020 out of a total of almost $12 million since launch.

Total investments received (USD): 29.14M