InsurTech startup Eusoh has secured $1.3m in an investment round led by Insurtech Gateway alongside Sure Ventures.
Eusoh was founded in 2017 and has developed a new model to offer customers the same protection as best in class insurance products, but at a lower price.
The InsurTech venture has already launched its pet insurance products in the US and boasts having achieved 50% savings for customers in their first year.
“We are working towards our goal of revolutionizing how we protect one another,” said Allen Kamrava, founder and CEO at Eusoh. “First with petcare. Next with healthcare.”
Stephen Brittain, co-founder of Insurtech Gateway, added, “Many insurance categories are locked in price wars that they cannot sustain. Eusoh has the potential to be the next paradigm. The impact this could have, not only of the pet sector, but on healthcare and other critical areas of insurance is significant. We are very excited to be backing Allen and his team, as they build traction.”
Eusoh had previously raised $2m in seed capital in 2018.
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