Danish Leaf, an InsurTech startup automating insurance coverage and pension advisory and dealer companies for companies, has raised €1.7 million in its first funding spherical to additional develop and scale their platform for SMEs.
The spherical was led by German investor Caesar Ventures, with assist from EIFO. Caesar Ventures brings experience in insurance coverage and has beforehand backed profitable European InsurTechs, together with Clark.
“Firms have historically had two decisions: deal with insurance coverage themselves or pay an exterior advisor. The issue is that companies usually lack the time and understanding of insurance coverage and pension, whereas exterior advisors lack perception into the corporate and don’t present the complete overview,” says Mads Gjerrild, CEO and Co-founder of Leaf.
Since launching its platform in 2024, Leaf has reportedly helped greater than 600 corporations enhance their insurance coverage protection. Their information exhibits that over 80% of corporations both lack important protection, pay for pointless insurance policies – or each.
Leaf’s platform makes use of 1000’s of information factors, together with detailed accounting info, to grasp a enterprise and assess its insurance coverage wants. This perception is up to date every day, and the platform gives suggestions when protection wants changes, or the provider ought to be switched.
This ensures that companies are at all times conscious of uncovered dangers – or overpayment – with out having to spend time figuring it out themselves.
“Our platform constantly collects information from the enterprise, alerts them when it’s time to alter their insurance coverage or pension setup, and matches them with the very best insurance policies, costs, and phrases accessible available in the market – tailor-made to their business, dimension, and desires,” Gjerrild explains.
Leaf affords a full-service resolution the place the whole lot is gathered in a single place. Companies are supplied with a whole overview of their insurance coverage and pension setup, together with ongoing suggestions to scale back threat or optimise pricing. The platform additionally permits them to report and handle claims instantly.
“For too lengthy, insurance coverage has meant lengthy conferences and heavy PDFs, leaving corporations confused and unable to make knowledgeable choices. We need to make insurance coverage and pension one thing companies perceive – and might act on with a couple of clicks, while not having hours of effort or an skilled diploma.
“Thus far, Leaf has saved prospects an estimated DKK 7–9 million yearly in pointless insurance coverage prices and helped prepare over 500 new, related insurance policies. Our declare advisory has additionally saved a number of corporations from monetary catastrophe – an space that we take nice satisfaction in,” provides Gjerrild.
The intention is to offer companies again management – and the instruments to make the very best choices for his or her threat administration.
“Small and medium enterprises have been uncared for for the longest time with regards to greatest monetary recommendation and protection. The information pushed, buyer centric and impartial method of Leaf results in the very best consequence for SMEs. We’re very completely satisfied to accomplice up with the good founding crew” says Carolin Gabor, Accomplice at Caesar Ventures.
“We need to basically change how issues are completed. This funding will assist us enhance our worth proposition and enhance automation, so we are able to ship excellent service and breathe new life into this previous business,” says Gjerrild. “We work with corporations which are keen to problem the established order. Now we’re on the point of scale – to assist extra companies whereas sustaining the excessive commonplace of service our prospects have come to count on.”
