Korint, a rising InsurTech company, has secured €5m in a funding round to boost the rate of digital transformation within the insurance industry.
The tranche was led by venture capital firm Ventech, with additional backing from 360 Capital, according to InsurTech Insights.
The newly acquired capital will be directed towards expanding Korint’s technology team and enhancing its SaaS platform.
This funding will also enable the company to double down on its efforts to innovate and empower more brokers and insurers to adapt to a rapidly evolving digital landscape.
Founded just 18 months ago, Korint is making strides in the digital insurance space with its innovative platform.
The solution offers streamlined solutions for brokers and insurers managing increasingly complex insurance products.
By digitising traditionally manual processes, Korint aims to simplify workflows, helping insurance professionals navigate the growing complexities of the market.
The offering has already garnered attention from major industry players, including Wakam and Willis Towers Watson (WTW).
Korint’s leadership team includes Jean-Baptiste Limare, who serves as CEO and has founded other InsurTech ventures like Veygo and Kooalys, and Martin Gross, the CTO, who previously founded CommoPrices and Kooalys. Both founders bring extensive experience in insurance and technology to the table.
Thomas Nivard, Partner at 360 Capital said, “We are thrilled to see Korint fulfilling all the potential we identified during our initial funding 18 months ago. The market’s need for digitalisation is clear, and this new funding round will give them the tools to become a leading reference in the industry.’
This funding round marks another key milestone in Korint’s rapid growth, solidifying its position as a key player in the InsurTech sector.
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