5 years ago
Digital Risks Secures $10.4 Million Series A Funding Led by BHL Holdings
Digital Risks, a UK-based insurtech company, has raised $10.4 million in a Series A funding round led by BHL Holdings, a global insurance innovation group
The investment will be used to further develop Digital Risks' technology and drive expansion
The company offers flexible, customizable subscription-based insurance cover for small and medium-sized businesses, addressing new and emerging threats they face
Existing investors Concentric, Beazley, and Seedcamp also participated in the round.
ProblemFinancial Services
"Small and medium-sized businesses (SMEs) often struggle to find insurance that meets their specific needs and protects them from emerging threats in the digital age. Traditional insurance products tend to be inflexible, expensive, and don't cater to the unique risks faced by businesses in the digital world."
Solution
"Digital Risks provides flexible, customisable, and subscription-based insurance specifically designed for SMEs. Their online platform offers tailored coverage options that address the evolving risks of digital businesses, protecting them from emerging threats without lengthy contracts or exorbitant costs."
