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Wopta Assicurazioni raised €4.1m in Series A funding led by Asset Plus srl to expand its product range and distribution network.

Jul 05, 2024•about 1 year ago

Amount Raised

€4.1 Million

Round Type

series a

ItalyInsuranceFinancial Services

Investors

Carlo FagioliCordifin SpaKey Capital VentureCna – Confederazione Nazionale ArtigianiCristina ParodiMassimo AmbrosiniDavide ParentiEttore RielloCammi FamilyMacchi FamilyHolding B3 (Calzedonia Group)Asset Plus Srl

Description

Wopta Assicurazioni, an InsurTech MGA, has closed a successful €4.1m Series A funding round, bringing its total raised amount to €8m. The funding saw participation from Asset Plus srl along with over 30 Italian families and business angels. The newly raised funds will be used to expand the firm’s product range, distribution network, and launch new solutions for personal lines, including car insurance.

Company Information

Company

Wopta Assicurazioni

Location

Italy

About

Wopta Assicurazioni is an InsurTech MGA focused on supporting businesses and professionals against everyday risks. The company has successfully secured a total of approximately €8m in funding since its inception, and it aims to expand its range of products, extend its distribution network, and launch new solutions for personal lines, including car insurance. Wopta also plans to expand its presence through targeted acquisitions in the Italian and European insurance markets. The company has demonstrated impressive 2023 financial results, showing significant growth in intermediated premiums, total revenue, and clientele.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers