In 2022, with the technology market and the Insurtche sector cooled in a decrease, Israeli operation was forced to dispense with employees. At the end of 2023, she raised a large amount, $ 365 million, but with less than her previous tour, it decreased from 4 billion dollars to $ 2.5 billion. Now, the company is sold to one of its first investors, the German insurance company Munich, with a slightly higher rating, $ 2.6 billion. The company raised a total of $ 1.17 billion, according to the Pitchbook database.
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Munich Ren purchases 71 % of the next insurance that he does not already have, through Ergo Group, its main insurance unit. The acquisition is a cash deal.
The following insurance is developing and managing a digital platform to secure small companies in the United States. It was founded nine years ago by Jay Goldstein, Elon Harry and Nebiro. At the last time of the money raising tour in 2023, it stated that it exceeded 500,000 active customers in the United States through 1300 different types of insurance. Like the other Israeli ENSURTECH company, Lemonade, which is active in the consumption market, the following insurance depends on artificial intelligence and machine learning to implement smart subscription and approval within minutes of a policy display compatible with the criteria of small business owners. According to LinkedIn, the company employs 730 people, 200 of them at its headquarters in KFAR Sava.
Among the company's investors, according to Pitchbook, Oren Zeev, through Zev Ventures, DVI Frances's Group 11, TLV Partners, Redpoint Ventures, Nationwide Ventures, Capitalg, and many financial institutions, including hapoalim and Migdal and Psagot.
The last round also brought strategic investors: the American insurance company Allstate and Allianz X, the digital investment arm of the German insurance company Allianz. Allianz X helped the next insurance to access reinse, thus improving its profit.
It was published by Globes, Israel Business News – En.globes.co.il – on March 20, 2025.
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