InsurTech startup Eusoh has secured $1.3m in an funding spherical led by Insurtech Gateway alongside Certain Ventures.
Eusoh was based in 2017 and has developed a brand new mannequin to supply clients the identical safety as finest in school insurance coverage merchandise, however at a cheaper price.
The InsurTech enterprise has already launched its pet insurance coverage merchandise within the US and boasts having achieved 50% financial savings for purchasers of their first yr.
“We’re working in the direction of our purpose of revolutionizing how we defend each other,” mentioned Allen Kamrava, founder and CEO at Eusoh. “First with petcare. Subsequent with healthcare.”
Stephen Brittain, co-founder of Insurtech Gateway, added, “Many insurance coverage classes are locked in worth wars that they can not maintain. Eusoh has the potential to be the following paradigm. The affect this might have, not solely of the pet sector, however on healthcare and different vital areas of insurance coverage is critical. We’re very excited to be backing Allen and his staff, as they construct traction.”
Eusoh had beforehand raised $2m in seed capital in 2018.
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