Startupbootcamp InsurTech, an accelerator for early-stage insurance startups, has announced an agreement with Eos Partners that will see up to £1m invested in firms joining the 2017 cohort.
Eos Partners is an alternative investment firm that has previously funded InsurTech startups including Digital Fineprint, Neos, RightIndem and ActiveQuote.
Sabine VanderLinden, managing director of Startupbootcamp InsurTech, said: “We are delighted with our agreement with Eos Partners. We have found that InsurTech startups are motivated to collaborate on their first projects with insurers, but also to engage with industry-centric investors. At times, it’s difficult and time consuming for startups to establish that initial traction and we are pleased that we are able to provide a platform for opening conversations.”
Based in London, Startupbootcamp InsurTech runs a three-month accelerator programme with ten startups, and is currently in its second year.
VanderLinden added that the agreement will allow startups in the 2017 cohort to gain quicker access to Seed funding, and in turn propel their growth further.
Sam Evans, managing director at Eos Partners, said: “We are hugely excited to partner with SBC InsurTech, the leading independent InsurTech accelerator programme located in Europe and one of the most respected on a global basis. We are looking forward to working with the team and its cohort on the next programme, helping to identify, develop and support the next wave of innovation that will transform the insurance sector.
“Accessing capital as an early stage start up can be very challenging and unwieldy, so we are delighted to provide a solution to leading entrepreneurs in the sector,” he concluded.