Startupbootcamp InsurTech, an accelerator for early-stage insurance startups, has announced an agreement with Eos Venture Partners. This latest development will result in up to £1 million being invested in firms joining the 2017 cohort.
Based in London, Startupbootcamp InsurTech runs a three-month accelerator programme with ten startups, and is currently in its second year, while Eos Venture Partners is recognized as a highly-specialized Insurtech firm providing financing and advisory services to leading innovators in the insurance industry, and as evidence of its position and mission, has served as the lead investor for InsurTech startups including Digital Fineprint, Neos, RightIndem and ActiveQuote. The news comes within the final weeks of Startupbootcamp InsurTech’s recruitment period to provide more benefits to interested startups.
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.
VanderLinden also added that the agreement will allow startups in the 2017 cohort to gain quicker access to Seed funding, which in turn will propel their growth further.
Launched in 2015, Startupbootcamp InsurTech focuses on disruptive and collaborative insurance innovation. The three-month program provides startups with mentorship, an extensive network of insurers, angel investors, and VCs, and other valuable resources to enable them to collaborate with an ecosystem of market experts, as well as to come up with unique propositions that provide solutions for the insurance market.
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.
