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 help from EIFO. Caesar Ventures brings experience in insurance coverage and has beforehand backed profitable European InsurTechs, together with Clark.
“Corporations 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 complete 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 knowledge reveals that over 80% of firms both lack important protection, pay for pointless insurance policies – or each.
Leaf’s platform makes use of hundreds of knowledge factors, together with detailed accounting info, to know a enterprise and assess its insurance coverage wants. This perception is up to date every day, and the platform offers 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 constantly collects knowledge from the enterprise, alerts them when it’s time to vary their insurance coverage or pension setup, and matches them with the perfect insurance policies, costs, and phrases accessible available in the market – tailor-made to their trade, dimension, and wishes,” Gjerrild explains.
Leaf provides a full-service answer the place every thing is gathered in a single place. Companies are supplied with an entire overview of their insurance coverage and pension setup, together with ongoing suggestions to cut back danger or optimise pricing. The platform additionally permits them to report and handle claims immediately.
“For too lengthy, insurance coverage has meant lengthy conferences and heavy PDFs, leaving firms confused and unable to make knowledgeable selections. We wish to make insurance coverage and pension one thing companies perceive – and may act on with just a few clicks, while not having hours of effort or an knowledgeable 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 delight in,” provides Gjerrild.
The purpose is to offer companies again management – and the instruments to make the perfect selections for his or her danger administration.
“Small and medium enterprises have been uncared for for the longest time with regards to greatest monetary recommendation and protection. The info pushed, buyer centric and unbiased method of Leaf results in the perfect consequence for SMEs. We’re very completely happy to accomplice up with the nice founding group” says Carolin Gabor, Accomplice at Caesar Ventures.
“We wish to essentially change how issues are carried out. 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 trade,” says Gjerrild. “We work with firms which are keen to problem the established order. Now we’re on the brink of scale – to assist extra companies whereas sustaining the excessive commonplace of service our clients have come to count on.”
