Danish Leaf, an InsurTech startup automating insurance coverage and pension advisory and dealer providers 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 selections: deal with insurance coverage themselves or pay an exterior advisor. The issue is that companies typically lack the time and understanding of insurance coverage and pension, whereas exterior advisors lack perception into the corporate and don’t present the total overview,” says Mads Gjerrild, CEO and Co-founder of Leaf.
Since launching its platform in 2024, Leaf has reportedly helped greater than 600 firms enhance their insurance coverage protection. Their information reveals that over 80% of firms 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 know a enterprise and assess its insurance coverage wants. This perception is up to date day by day, and the platform gives suggestions when protection wants changes, or the provider needs to be switched.
This ensures that companies are all the time conscious of uncovered dangers – or overpayment – with out having to spend time figuring it out themselves.
“Our platform repeatedly collects information from the enterprise, alerts them when it’s time to alter their insurance coverage or pension setup, and matches them with the perfect insurance policies, costs, and phrases obtainable available in the market – tailor-made to their trade, measurement, and desires,” Gjerrild explains.
Leaf gives a full-service answer the place every little thing 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 danger or optimise pricing. The platform additionally permits them to report and handle claims straight.
“For too lengthy, insurance coverage has meant lengthy conferences and heavy PDFs, leaving firms confused and unable to make knowledgeable choices. We wish to make insurance coverage and pension one thing companies perceive – and might act on with just a few clicks, while not having hours of effort or an skilled diploma.
“To this point, Leaf has saved clients 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 firms 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 perfect choices for his or her danger administration.
“Small and medium enterprises have been uncared for for the longest time in terms of finest monetary recommendation and protection. The info pushed, buyer centric and impartial strategy of Leaf results in the perfect consequence for SMEs. We’re very joyful to companion up with the good founding group” says Carolin Gabor, Accomplice at Caesar Ventures.
“We wish to essentially change how issues are executed. This funding will assist us enhance our worth proposition and improve automation, so we will ship excellent service and breathe new life into this outdated trade,” says Gjerrild. “We work with firms which can be prepared to problem the established order. Now we’re on the brink of scale – to assist extra companies whereas sustaining the excessive normal of service our clients have come to count on.”
