Insurello secured $8 million from Inventure, Luminar and Schibsted.
Insurello, a Stockholm, Sweden-based company selling insurance services via a digital platform, announced that it completed a SEK 75M ($8M) capital investment round.
Insurello, founded in 2017 and led by CEO Marcus Janback, sells insurance products. The company claims that since its start it handled 85,000 cases and helped consumers receive SEK 75 million in compensation. However, it runs a money-losing operation at a 2019 turnover of SEK 11M ($1.2M).
Prior to this round, Insurello raised roughly $4 million.