Wopta Assicurazioni closed a $4.2 million funding round led by Belluzzo International Partners to expand insurance solutions in Italy and Europe.

Feb 15, 2025•5 months ago

Amount Raised

$4.2 Million

Round Type

series a

ItalyInsuranceFinancial Services

Investors

Belluzzo International Partners

Description

Wopta Assicurazioni has closed a $4.2 million undisclosed round, bringing its total funding to $12 million. The company, founded in 2021, plans to use the new capital to enhance its position in the Italian market and to expand its operations in Europe.

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

Wopta Assicurazioni closed a $4.2 million funding round led by Belluzzo International Partners to expand insurance solutions in Italy and Europe.

Investors

Description

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Funding Insights

Company Information