PriyaPatel
TLDR:
Key points:
- Berlin-based insurtech startup INSRD has raised a €500k pre-seed round.
- INSRD aims to reinvent commercial insurance and risk management for fast-growing companies.
Article Summary:
INSRD, a Berlin-based insurtech startup, has secured a €500k pre-seed round from ecosystem angel investors. The company is focused on reinventing commercial insurance and risk management to better serve fast-growing companies driven by innovation. INSRD offers a solution that evolves alongside companies as they outgrow their insurance coverage. The core of INSRD’s tech solution is the Protect & Connect platform, which utilizes advanced workflow automation and industry-specific AI to monitor risks and ensure accurate coverage at scale. This is crucial for industries such as AI, Creator Economy, and Robotics.
The commercial insurance market is experiencing a decline in brokers and agents, leaving dynamic companies underserved with coverage gaps. INSRD’s approach aims to address this issue by utilizing cutting-edge technology to ensure coverage accuracy at scale. The company’s founders bring a wealth of experience in insurance, tech startups, and venture building, positioning them to bridge the protection gap for businesses through adaptive risk solutions.
INSRD is part of Earlybird Venture Capital’s Vision Lab Program, which provides funding, mentorship, and network opportunities. The company’s innovative approach to commercial insurance and risk management sets it apart in the insurtech space, offering a responsive solution tailored to the needs of fast-growing companies.
