What’s at stake: Auckland-based insurtech Simfuni has closed a $3m oversubscribed pre-Series A funding round to fast track product innovation and expand its market presence.
The background: Founders Shaun Quincey and Damon O’Neill sold their previous buy-now, pay-later endeavour Genoapay in 2018 and, four years later, used that payments experience to set up the insurtech that streamlines life insurance purchases into a simple digital format that can easily process and manage transactions. They’ve since built the platform out into a broader end-to-end life insurance customer and policy management solution.
New Zealand-based insurtech Simfuni has closed an over-subscribed $3 million pre-Series A funding round after initially only seeking $1.5m.
The round was led by Icehouse Ventures, with participation from GD1 and other existing investors, alongside new backers Ecliptic Venture Capital and Jasper
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Key points
What’s at stake: Auckland-based insurtech Simfuni has closed a $3m oversubscribed pre-Series A funding round to fast track product innovation and expand its market presence.
The background: Founders Shaun Quincey and Damon O’Neill sold their previous buy-now, pay-later endeavour Genoapay in 2018 and, four years later, used that payments experience to set up the insurtech that streamlines life insurance purchases into a simple digital format that can easily process and manage transactions. They’ve since built the platform out into a broader end-to-end life insurance customer and policy management solution.
