Pluto, a mobile-based travel insurance platform, has raised £219,479 in a new crowdfunding campaign on Seedrs.
The capital was raised through contributions from 185 individual investors and saw a total of 9.89% of Pluto’s equity distributed among the backers.
London-based Pluto initially sought £200,000 for the fundraise, at a pre-money valuation of £2m.
Pluto is an online travel insurance platform which has been designed to ease access to cover. Its mobile app explains policies in easy-to-understand language, with the ability to tailor cover to the consumer’s specific needs.
Users can submit their claims in less than 10 minutes from their phone and a human advisor is available when needed.
Some of the key cover in the insurance policy include up to £10m for medical, £3,000 for baggage, £3,000 for a cancelled trip, and £3,000 for heading home early. Other protections included in the policies include delays, disruptions, legal expenses, and more.
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