The funding will be used to accelerate the digital transformation of the insurance industry by enhancing Korint’s SaaS platform and expanding its tech team.
Launched just 18 months ago, Korint’s platform has already attracted major industry players, including Wakam and Willis Towers Watson (WTW). The platform helps brokers and insurers manage increasingly complex insurance products, offering streamlined solutions for a traditionally manual process.
With the new injection of capital, Korint plans to double down on innovation, empowering more brokers and insurers to navigate the complexities of the insurance market with greater ease.
Korint was founded by two insurance experts: Jean-Baptiste Limare, founder of insurtech companies Veygo and Kooalys, is now the CEO of the new venture. Alongside him, Martin Gross, founder of CommoPrices and Kooalys, serves as CTO.
“We are grateful for the trust our investors have placed in us,” Korint stated, thanking Ventech, 360 Capital, and angel investors for their support. “This is just the beginning of our journey, and we’re excited for what’s to come.”
In a press release issued in French, Jean Bourcereau, President and Managing Partner of Ventech, said that supporting ambitious and daring entrepreneurs who use technology to advance industries is the basis of Ventech’s investment thesis. He added that It was a natural choice for Ventech to support Jean-Baptiste, Martin and their teams.
“We are thrilled to see Korint fulfilling all the potential we identified during our initial funding 18 months ago. The market’s need for digitalisation is clear, and this new funding round will give them the tools to become a leading reference in the industry,” said Thomas Nivard, Partner at 360 Capital.
The funding marks another milestone in Korint’s rapid growth as it aims to be a key player in the evolving digital insurance landscape.
