Amsterdam-based Insify, the insurtech platform for freelancers and SMEs, has raised €16.3M in a Series B funding round.
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The round was led by Evli Growth Partners, with continued support from Accel, Opera Tech Ventures, Munich Re Ventures, Visionaries Club, and Frontline Ventures.
Based out of Helsinki, Evli Growth Partners is a later-stage VC investing in Series B with initial investments of €5-10M.
Miko Kuitunen, partner at Evli Growth Partners, comments, “We invested in Insify because it fixes a painful gap in SME insurance: fast, personalised and transparent cover without paperwork built solely for entrepreneurs. The team tackles hard problems and ships with both pace and rigour. We’re proud to support them as they scale.”
The funding will accelerate the Dutch company’s expansion of its AI-powered, human-focused platform.
Since its last Series A extension in 2023, Insify has more than tripled its gross written premiums.
Insify: Transforming business insurance
Across Europe, over 28M freelancers and entrepreneurs keep the economy moving, yet too often they struggle to access insurance that is tailored to their specific needs, claims the report from Eurostat 2024.
Founded by former Bloomon and Rocket Internet executive Koen Thijssen in 2020, Insify aims to transform business insurance by making it simpler, faster, and more affordable for entrepreneurs and SMEs.
The company has developed an intuitive end-to-end digital insurance platform designed specifically for Europe’s entrepreneurs and SMEs.
The platform allows SMEs to receive a business insurance quote in two minutes rather than weeks or months.
The company’s technology uses data to make onboarding faster and coverage more accurate, minimising paperwork and reducing the risk of gaps in protection.
Insify utilises enhanced data analytics, drawing on dozens of signals instead of stale questionnaires. This ensures that coverage is tailored and individually priced for each business.
Policies are refreshed regularly through automated checks and underwriting, evolving as SMEs scale.
Insify is now live across the Netherlands, Germany, and France.
“This new chapter isn’t just about growth,” says Koen Thijssen, founder and CEO of Insify. “Freelancers and SMEs deserve protection that meets their bespoke needs, not just one-size-fits-all coverage. It’s about giving the builders of Europe’s economy the right tools and ultimate financial security to move forward with confidence. We’re proud to welcome Evli as a partner in this mission to empower them and build an insurance platform that works for entrepreneurs: smart, simple, and radically more supportive.”
