PriyaPatel
TLDR:
Key points:
- Insurance Tech Hellas Direct secured a €30M investment to focus on climate challenges in CEE.
- The funding round was led by London’s ETF Partners and supported by the company’s founders and investors.
Hellas Direct, a Greek insurance tech company, recently secured a €30M investment to enhance its climate-focused insurance offerings. The funding, led by London’s ETF Partners, aims to address the challenges posed by climate change in Central and Southern Europe. Founded in 2011 by Alexis Pantazis and Emilios Markou, Hellas Direct focuses on developing insurance solutions to assist individuals and businesses in at-risk areas, providing coverage against seasonal threats like wildfires and floods. The company’s data shows over 900K customers and €155 million in underwritten premiums.
The new investment will help Hellas Direct establish itself as a key player in climate resilience and adaptive insurance strategies. They plan to develop innovative products to mitigate the increased risks associated with climate change. Co-founder and CEO Alexis Pantazis emphasized the company’s commitment to innovating and delivering solutions to address climate change challenges.
The investment from ETF Partners recognizes Hellas Direct’s innovation, commitment to sustainability, and growth in deploying advanced technology platforms. As the conversation around climate resilience grows, Hellas Direct aims to offer impactful insurance products that help individuals adapt to the effects of climate change. The company’s focus on climate tech and insurance solutions aligns with the urgent need for action to address growing risks.
