Top 10 EU Insurtech startups to watch in 2025

Top 10 EU Insurtech startups to watch in 2025 - Portugal Business News

News Tech Startups EU – Here are the Top 10 EU Insurtech startups to watch in 2025, according to the latest study by CB Insights:

Top 10 EU Insurtech startups to watch in 2025 (in alphabetical order):

1 – Akur8 - France

Akur8 raised total funding of USD 186.28 million Series C from Kamet Ventures, BlackFin Capital Partners, MTech Capital, Plug and Play APAC, Plug and Play Insurtech, Plug and Play Japan, FinTLV, Guidewire, One Peak Partners, Partners Group.

Akur8 provides pricing and reserving platforms for the insurance industry. The company offers a suite of software solutions that utilize machine learning and predictive analytics for actuarial pricing and reserving processes. Akur8's platforms aim to support insurance pricing and reserving for personal and commercial lines insurers, managing general agents, insurers, and health insurers. It was founded in 2019 and is based in Paris, France.

2 – Alan - France

Akur8 raised total funding of USD 749.27 million Series F from 2080 Ventures, Agoranov, Moonfire, Motier Ventures, Teachers' Venture Growth, CNP Assurances, Partech, Portage Ventures, Power Financial Corporation, Startup Garage Paris from Facebook, Index Ventures, Kima Ventures, DST Global, Temasek, Coatue, Dragoneer Investment Group, Exor, Ribbit Capital, Lakestar, Ontario Teachers' Pension Plan, Origins Fund, Teampact Ventures, Belfius Bank.

Alan provides health insurance services and preventive health solutions within the healthcare industry. It offers health insurance plans, a healthcare system navigation tool through Alan Clinic, and mental well-being support with Alan Mind, designed to improve the health and productivity of individuals and corporate employees. It primarily serves diverse sectors, including tech startups, hospitality, the public sector, retail, and industrial businesses. It was founded in 2016 and is based in Paris, France.

3 – DeepOpinion – Austria

Akur8 raised total funding of USD 14.31 million from a Biz Plan Competition with Creative Destruction Lab, Kaushik Subramanian, Lunar Ventures, Stride.VC, Plug and Play Insurtech, EIC Accelerator, Alpha Intelligence Capital, Red River West, Stride Ventures, Generative AI Challenge.

DeepOpinion specializes in generative automation for enterprises, focusing on the automation of knowledge work and unstructured data processing. The company offers a platform that combines business process digitization, no-code development, and generative AI to enable the creation of enterprise-grade AI applications. DeepOpinion primarily serves sectors such as financial services, insurance, and manufacturing. It was founded in 2020 and is based in Innsbruck, Austria.

4 - Descartes Underwriting – France

 

Descartes Underwriting raised total funding of USD 141.78 million Series B - II from French Tech Next40/120, Racine2, Le Swave, BlackFin Capital Partners, ESA BIC Nord France, Cathay Innovation, Serena Capital, Eurazeo, Highland Europe, Mundi Ventures, Seaya Ventures, Leading European Tech Scaleups, Battery Ventures.

Descartes Underwriting provides parametric insurance for climate, cyber, and emerging risks within the insurance industry. The company develops event-driven coverage that pays out based on predefined parameters and utilizes a method to model and assess risks. It serves corporate and public sector clients across industries, including agriculture, construction, and financial institutions. The company was founded in 2019 and is based in Paris, France.

5 – Kota – Ireland

Kota raised total funding of USD 23.01 million Series A from Cocoa VC, EQT Life Sciences, Foreword, Unpopular Ventures, Frontline Ventures, Northzone, David Clarke, EQT Ventures, Job van der Voort, Romain Huet, 9Yards Capital, Eurazeo, Plug and Play.

Kota provides an employee benefits platform within the insurance and retirement sectors. It offers health, dental, vision insurance, workplace pensions, and life insurance, all managed through a centralized system that integrates with HR tools. Kota serves companies looking to manage their employee benefits processes and ensure compliance across multiple countries. Kota was formerly known as Yonder. It was founded in 2022 and is based in Dublin 2, Ireland.

6 – Mila – France

Mila raised total funding of USD 24.78 million Series A from Le Swave, Breega, Kenya Matsumoto, Yann Elbaz, Elevation Capital Partners.

Mila offers insurance products such as unpaid rent insurance and non-occupant owner insurance, designed to protect landlords and property managers from financial losses. Mila primarily serves the real estate industry, catering to individual landlords, property management agencies, and real estate professionals. It was founded in 2020 and is based in Puteaux, France.

7 – Neat – France

Neat raised total funding of USD 64.99 million Series A from Purple, Founders Future, Mundi Ventures, NewAlpha, Octopus Ventures, Athletico Ventures, ETFS Capital, Hedosophia.

Neat focuses on providing embedded insurance solutions in the insurance industry. The company offers white-label and tailor-made insurance solutions that are integrated into the sales funnels of merchants, providing protection for a variety of products and services. Neat primarily sells to sectors such as the e-commerce and retail industry, the high-tech industry, and the mobility industry. It was founded in 2022 and is based in Bordeaux, France.

8 – Orus – France

Orus raised total funding of USD 45.73 million Series B from Foreword, Arthur Waller, Christophe Triquet, Frst Capital, Partech, Pierre-Olivier Desaulle, Portage Ventures, Raphael Vullierme, Albert Malagarriga Fandos, Grégoire Rastoul, Notion Capital, Redstone, Thierry Daucourt, VR Ventures, Singular.

Orus focuses on providing insurance services, operating within the insurance industry. The company offers a range of insurance products, including professional liability insurance, multi-risk restaurant insurance, ten-year insurance, and health insurance for independent workers. Its services are designed to provide coverage for various professional activities, with a particular emphasis on independent workers, startups, and small to medium-sized enterprises. The company was founded in 2021 and is based in Paris, France.

9 – Skarlett – France

Skarlett raised total funding of USD 13.57 million Seed VC from Angel Invest, Kima Ventures, Alven Capital, Motier Ventures, RAISE Ventures, Sequoia Capital, Xavier Niel, 115K.

Skarlett provides services including health insurance, banking loans, and real estate solutions for individuals aged 60 and above. Its clientele consists of retirees seeking financial products that meet their needs. It was founded in 2023 and is based in Neuilly-sur-Seine, France.

10 – Stoik – France

Stoik raised total funding of USD 53.89 million Series B - II from Alven Capital, Anthemis, Emmanuel Schalit, Henry Kravis, Kima Ventures, Raphael Vullierme, Andreessen Horowitz, Henri de Castries, Julian Teicke, Munich Re Ventures, Opera Tech Ventures, Marc-André ter Stegen, Cyber Integrity Capital, Tokio Marine HCC

Stoik specializes in combining insurance and cybersecurity to help businesses manage their exposure to cyber risks. The company offers a solution including insurance coverage and a cybersecurity software platform. Stoik primarily serves the insurance brokerage sector by providing tools and support. It was founded in 2023 and is based in Paris, France.