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Today: September 30, 2024
March 7, 2024
1 min read

Berlin Insurtech INSRD secures €500k pre-seed funding for insurance innovation

TLDR:

  • Berlin-based insurtech startup, INSRD, raised a €500k pre-seed round from ecosystem angel investors.
  • INSRD aims to reinvent commercial insurance by providing responsive solutions that evolve with fast-growing companies.

INSRD, a Berlin-based insurtech startup, has secured a €500k pre-seed round from ecosystem angel investors, including industry veterans from insurtech champion Getsafe and tech executives. The startup is on a mission to revolutionize commercial insurance by offering adaptive risk solutions for rapidly growing companies.

INSRD’s Protect & Connect platform uses advanced automation and AI to monitor risks, ensuring accurate coverage for clients in industries like AI, Robotics, and the Creator Economy. With a decline in traditional brokers and agents, INSRD fills the gap for dynamic companies with specialized risk exposures.

Co-founders John Ismailoglu and Stefan Balg bring decades of insurance and tech experience, positioning INSRD to address market inefficiencies and protect businesses through tailored risk solutions. The startup is part of Earlybird Venture Capital’s Vision Lab Program, providing funding, mentorship, and network support.

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