Berlin-headquartered insurtech Inzmo, that aims to transform the laborious insurance process, has raised €3.1M in its Seed round of funding led by Change Ventures. In addition, existing investor Swiss insurance giant, Helvetia, also participated in this round and has increased its investment with this fundraising. The round brings the total amount raised by the company to €5.2M, to date.
Use of the funds
The raised capital will enable Inzmo to increase its workforce, accelerate product development and to focus on new business.