Amsterdam-based Insify, the insurtech startup reinventing business insurance for Europe’s entrepreneurs, has secured €16.3 million in Series B funding.
The round was led by Evli Growth Partners, with continued backing from Accel, Opera Tech Ventures, Munich Re Ventures, Visionaries Club, and Frontline Ventures.
Tackling SME insurance pain points
Founded in 2020 by Koen Thijssen (ex-Bloomon, Rocket Internet), the firm is building a fully digital insurance platform tailored to freelancers and SMEs.
Across Europe, more than 28 million entrepreneurs keep economies running, but insurance products remain slow, rigid, and poorly suited to their needs. Insify’s AI-driven platform streamlines onboarding, offers personalised coverage, and eliminates paperwork — allowing businesses to get a quote in just two minutes instead of weeks.
The system continuously refreshes policies through automated checks and underwriting, ensuring protection evolves as companies grow.
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Rapid traction
Since its Series A extension in 2023, the startup has tripled its gross written premiums. The platform now serves customers across the Netherlands, Germany, and France.
“This new chapter isn’t just about growth,” said Thijssen. “Freelancers and SMEs deserve protection that reflects their reality, not one-size-fits-all coverage. With Insify, we’re giving Europe’s builders financial security designed for them — smart, simple, and radically more supportive.”
Investor perspective
Miko Kuitunen, Partner at Evli Growth Partners:
“Insify fixes a painful gap in SME insurance: fast, personalised, and transparent cover without paperwork. The team tackles hard problems with both pace and rigour, and we’re proud to support them as they scale.”
What’s next
With the fresh capital, Insify will accelerate expansion of its AI-powered insurance platform and deepen its footprint in Europe, aiming to become the default insurance partner for freelancers and SMEs.
