PwC Legal advises Helvetia Venture Fund on investment in insurtech start-up INZMO
Nuremberg, 13. December 2017
PricewaterhouseCoopers Legal Aktiengesellschaft Rechtsanwaltsgesellschaft (PwC Legal) has provided legal advice to the Helvetia Venture Fund on investing a single-digit million amount in the insurtech start-up INZMO. INZMO offers a fully digitalised B2B2C insurance process ranging from the managing of contracts and partnerships to claims reporting.
INZMO GmbH was founded in Germany in September 2015 by the Estonians Meeri Rebane and Risto Klausen, who still head the start-up today. The company offers innovative technological solutions for insurers to increase sales and improve customer relations, claims settlement and risk management. In May 2017, INZMO was named the best fintech company in Europe by the European Commission.
The Helvetia Venture Fund invests in insurtech start-ups and young companies whose business models provide a bridging or support function for Helvetia’s insurance business. The fund, which is domiciled in Luxembourg, is a subsidiary of Helvetia Schweizerische Versicherungen AG.
INZMO and Helvetia are currently working together to insure assets such as bicycles, electronics, glasses and watches. The current investment will be used to further develop this partnership.
Advisors to Helvetia Venture Fund S.A.:
PwC Legal (Nuremberg):
Gerhard Wacker (Lead, Corporate/M&A), Klara Körber and Raffael Cammareri (Corporate/M&A)
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