Insurama Secures €8 Million in Series A Funding, Led by All Iron Ventures

 Insurtech company, has successfully raised €8 million in Series A funding. This funding round was led by All Iron Ventures and includes €5.5 million in fresh capital, as well as a €2.5 million convertible loan from existing investors Nervo Group and Inveready. The purpose of this funding is to bolster Insurama's financial strength and fuel strategic growth across Spain and Latin America. As an insurance distribution business that focuses on digital products and services, Insurama aims to provide differentiated, disruptive, and small print-free products that satisfy the needs of its customers.

This recent funding round adds to Insurama's previous seed funding of $6 million in 2021, demonstrating the company's continued growth and potential in the insurtech space. Insurama has secured a significant Series A funding round, totaling €8 million, to support its expansion and growth. This investment includes €5.5 million in fresh capital and a €2.5 million convertible loan from existing investors Nervo Group and Inveready. The funding will help Insurama strengthen its financial base and drive its expansion in key markets like Spain, Mexico, Portugal, Chile, and Peru. The company also plans to extend its reach into Colombia and Central America in the near future. As a digital products and services hub focused on the insurance industry, Insurama is well-positioned to capitalize on the growing demand for online insurance distribution and end-to-end services. This latest funding round is a testament to the company's potential and the confidence that investors have in its business model.