Insurama is a technology company.
Insurama offers insurance solutions for various devices including phones, laptops, and gaming consoles, focusing on personalized customer service.
Insurama has raised $9.0M across 1 funding round.
Insurama has raised $9.0M in total across 1 funding round.
Insurama has raised $9.0M in total across 1 funding round.
Insurama's investors include All Iron Ventures.
Insurama is a Spanish insurtech company founded in 2018 that builds a digital platform for online distribution of customizable insurance policies, primarily covering consumer electronics like mobile phones and laptops.[1][2] It serves individual consumers and businesses with paperless, end-to-end solutions focused on customer needs, solving pain points in traditional insurance through disruptive, small-print-free products and seamless digital experiences.[1][2][3] With over 210,000 policies issued and partnerships with insurers like Helvetia, Axa Partners, and GNP, Insurama has raised around €13 million in equity plus €7 million in debt across four rounds, including a €5 million seed in 2021 from Inveready, fueling expansion in Europe and Latin America.[1][2]
Insurama emerged in late 2018 in A Coruña, Spain (with headquarters later in Madrid), as a response to outdated insurance distribution models, creating a digital hub for end-to-end insurance products tailored to tech assets.[1][2] Founders are not named in available records, but the company quickly gained traction through its focus on consumer electronics protection amid rising device ownership and digital adoption.[1] Pivotal moments include a €5-6 million seed round in June 2021 from Inveready, followed by additional equity and debt funding totaling over €20 million by 2025, enabling policy growth to 210,000 and market entry into Latin America alongside European operations.[1][2]
Insurama rides the insurtech wave, leveraging fintech advancements to modernize insurance for a device-dependent world where consumers demand instant, digital protection.[1] Timing aligns with post-2020 digital acceleration and rising electronics theft/damage risks, amplified by e-commerce growth in Europe and LatAm.[1] Market forces like regulatory pushes for transparency and competition from legacy insurers favor its disruptive model, while it influences the ecosystem by partnering with majors like Axa, expanding digital adoption and setting benchmarks for customer-focused underwriting.[1][2]
Insurama's trajectory points to aggressive scaling, potentially doubling policies via LatAm expansion and new product lines beyond devices, powered by its funding runway and insurer alliances.[1][2] Trends like AI-driven claims and embedded insurance will shape its path, enhancing personalization and margins. Its influence could grow as a regional insurtech leader, bridging Europe-LatAm markets—watch for Series A or acquisition interest amid consolidating insurtech M&A, reinforcing its startup roots in digital transformation.[1]
Insurama has raised $9.0M across 1 funding round. Most recently, it raised $9.0M Series A in May 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2024 | $9.0M Series A | All Iron Ventures |