Italian InsurTech Insoore has raised €5.5m in a recent funding round to boost video and photograph-based claim management.
According to a report by Tech.eu, the round was led by Proximity Capital, with the participation of Lumen Ventures, Azimut Libera Impresa through Azimut Digitech Fund, GELLIFY, and some angel investors.
Launched by the Rome-headquartered startup Whoosnap, Insoore claims to offer an alternative claims management model. The platform allows insurance and fleet management companies to digitise and accelerate processes while saving time and costs by providing companies with access to a community of users available to make certified video-photographic documentation.
The funding will help the company develop AI projects in damage detection, engage new talent and expand globally.
Enrico Scianaro, CEO, Whoosnap, the company that owns Insoore, said, “In just a few years, we have proved that the model can rewrite some rules of the sector.”
Antonio Assereto, founder, Proximity Capital added, “This transaction completes Insoore’s consolidation and preparation process, which will lead the company into a new phase where teams and investors will be focused on a strong revenue growth.”
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