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Insurtech Startup Flitter Raises €3.5M For Expansion And Profitability By 2024

Nov 06, 2023•about 2 years ago

Amount Raised

€3.5 Million

Round Type

seed

ParisInsurtechAutomotive

Investors

Helvetia Venture Fund Partner Michael WieserSorare Co Founder Adrien MontfortLaurent Ritter, Co Founder Of VoodooOptimind Founder Christophe EberléFormer Sarenza Ceo Stéphane TreppozFrenchfounders FundHelvetia Venture FundHelvetia

Description

Flitter, a Parisian insurtech startup specialising in pay-by-mile car insurance, has raised €3.5 million in a Seed funding round. The new investment is aimed at helping the company make new key hires and doubling the team size to 40.

Company Information

Company

Flitter

Location

Paris, Ile De France, France

About

The place of the car in our lives is changing. At the start of 2022, we raised €2.5M and launched our first offer: car insurance per kilometer that is simpler, fairer and adapted to new uses. Since then, more than 15,000 motorists have already been won over by Flitter and have made it the best-rated car insurance on the market.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers