Travel insurance startup Pluto has soared past the initial goal of its crowdfunding campaign, reaching £623,177 so far.
The capital raised has been supplied by around 861 individual investors, according to the Seedrs campaign page. For this crowdfund, Pluto has sold 23.75% of its shares to investors.
When launching the campaign, the company had planned to raise £200,000 with a total equity offering of 9.09%.
Pluto has a pre-money valuation of £2m.
FinTech Global previously reported on Pluto’s crowdfund last month after it had just moved past the £200,000 target.
The mobile-based travel insurance platform helps consumers get access to insurance within 10 minutes. Policies protect the traveller, their items and their trip, with a £10m medical cover, and the ability to add cover for gadgets, winter sports, adventure sports, and business trips.
Other payout limits include £3,000 for baggage, £3,000 for a cancelled trip, and £3,000 for heading home early.
One of the benefits offered by Pluto is that policyholders can access airport lounges if their flight is delayed.
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