Paris-based Evy, a startup that distributes an affinity insurance solution to allow users insure certain product(s) purchased from sellers, announced that it has raised €6.5M in a fresh round of funding.
Simon Kemoun, CEO and co-founder of Evy, says, “This funding will allow us to expand our reach in the European insurance market, estimated at €45B, through the further development of our product protection solution and to increase our recruitment efforts.”
Investors in this round
The investment came from VC fund Sequoia, La Famiglia VC and Global Founders Capital.
Stephanie Zhan and George Robson, Partners at Sequoia, say, “We are excited to partner with Simon, Shana, and Tanguy at the founding of Evy, to redefine the category of product insurance in Europe. Their pan-European partnership with Mano Mano is a testament to the quality of the product and the trusted experience delivered. We are excited to launch many other merchants across categories and markets in the near future.”