Little John funding news – Paris-based Little John has Secured €1.1 Million in Pre-Seed Funding

The funding round included Febe Ventures, Vessoa Private Equity, and neo-insurer Leocare, as well as angel investors like Didier Valet (General Partner at Varsity) and UK investor Mark Ransford.

CEO Olivier Legrand explained the startup’s goals: “We firmly believe that independent brokers are the future of business insurance brokerage. However, to meet the industry’s transformations they must evolve their profession, and generative AI offers a concrete immediate answer to this need. At Little John, our ambition is to provide them with the tools they need to remain competitive, strengthen their privileged relationships with clients, and capitalise on their expertise. This funding marks a key milestone in executing our vision: ‘Bring Gen AI at the heart of the Services Independent Insurance Brokers’ deliver to Corporates’.”

Little John was founded in 2024 with the goal of changing the role of independent brokers in Europe's €1.5 trillion insurance market, which is becoming more complex and regulated.

The company focuses on creating tools to help brokers with tasks like risk placement, compliance, and productivity, easing the pressures they face.

Their first GenAI-powered tool, launching in Spring 2025, will help brokers automate tasks such as extracting and analyzing client data from emails and documents, and creating custom insurer presentation notes.

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A group of early users, called the “Sherwood community,” will get beta access to the platform by February 2025. These users, selected from a group of partner brokers, will test the platform and give feedback to improve its usability.

Their input will help make sure the platform works smoothly and the AI features meet the everyday needs of brokers.

The Little John team includes experts in insurance and technology:

Olivier Legrand, former COO of Brevo and CEO of LinkedIn Asia Pacific.

Grégoire Rastoul, experienced insurance entrepreneur and former COO at Leocare.

Pierre Sigwalt, CTO with experience in developing tech for insurance.

Renaud de Pressigny, Senior Advisor with over 40 years in insurance, holding leadership roles at Marsh and AON.

Funding Utilisation

Little John plans to use the funding to develop its GenAI tools and create a network of brokers who can share resources and knowledge to stay competitive with bigger companies.

About Little John

Little John, they are convinced that brokers are the best intermediaries for insurance for small businesses (TPEs), SMEs, and mid-sized companies (ETIs).