Lovys completed a €17 million Series A funding from Heartcore, NewAlpha, Raise Ventures and existing investors.

Lovys, a Paris, France-based online seller of insurance products, announced completing €17 million ($20M) in Series A funding.

The money was raised from multiple investors, new and existing, including Heartcore, NewAlpha, Raise Ventures, Maif Avenir, Portugal Ventures and Bpifrance. Procees will be used to expand availability and business internationally.

Lovys, founded in 2017 by CEO João Cardoso, built an ecommerce platform selling insurance products for homes, cars, pets and smartphones. The company claims to have 100,000 policyholders, a 5x growth yoy.

Lovys previously raised €3.3M in 2019.