Italian travel InsurTech BeSafe Group has raised €1.2m to accelerate the development of tech and insurance services for European tourism.
According to a report by EU Startups, the round was jointly underwritten by CDP Venture Capital Sgr, through its Acceleration Fund, and Prana Ventures SICAF.
BeSafe Group was created to remove the stress for travellers when booking a trip. When using BeSafe, it is the insurance company that refunds the guest in case of cancellation, and the accommodation provider is relieved of this refund burden so its revenues are guaranteed when a reservation is cancelled.
Alessandro Bartolucci, CEO & co-founder of BeSafe Group, said, “Our InsurTech and FinTech solutions respond to the real needs of accommodation structures: this is confirmed by the fact that more than 1300 Italian properties have chosen us, including hotel groups such as Best Western, Voihotels of the Alpitour group, Club Esse Hotels & Resorts, Arbatax Park Sardinia Resort, Acanfora Hotels & Resorts, Felix Hotels, Affitti Brevi, and more than 150,000 tourists have travelled safely with us so far – resulting in some 42,000 insured bookings.
“This round will support BeSafe’s growth as well as accelerate its expansion in Europe. After the initial launch in Italy we are now in Spain and Portugal; and BeSafe Rate is now ready to roll out in France, Austria and Greece”.
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