Tuesday, February 27, 2024
HomeFunding UK-based Insurtech Startup Eleos Secures $750,000 in Pre-Seed Funding

[Funding alert] UK-based Insurtech Startup Eleos Secures $750,000 in Pre-Seed Funding

Eleos, a UK-based insurtech startup, secured $750,000 in seed money. Fuel Ventures, APX, Magic Fund, and Indico Capital Partners supported the financing.

Eleos, a UK-based insurtech startup, secured $750,000 in seed money. Fuel Ventures, APX, Magic Fund, and Indico Capital Partners supported the financing.

In an effort to “bridge the massive protection gap that exist in the UK,” Funds will launch more insurance products. It works with other fintechs and companies to integrate life insurance and customised retirement planning into their online experiences.

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Mark Pearson, founder and Managing Partner of Fuel Ventures Ltd said,”Eleos is building something hugely innovative and exciting, shaking up the insurance industry. They’re a welcome addition to the Fuel Ventures portfolio, and we look forward to supporting their continued success,”.

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Eswaran said, “Our mission is to give everyone the financial stability that will steer them safely through times of unavoidable hardship by offering accessible, affordable and essential insurance policies. We’ve made huge progress towards this goal in just a few short months, and with our new investment partners, that progress will accelerate,”.

About Eleos

Eleos was founded in 2023 by Nuno Costa, Kiruba Eswaran, and Antonio Lopez. Teams are now based in Lisbon and London. Eleos, please. They collaborate with well-known, trustworthy businesses to incorporate life insurance and white-labelled income protection into their online interactions.

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They may eliminate the barriers to knowledge and access that prevent the widespread use of these vital items by utilising the vast amount of data they contain. With only a few clicks, their customers may achieve financial resiliency and peace of mind thanks to the effortless integration of our platforms.

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