Wopta Assicurazioni, an insurtech MGA established to support businesses and professionals against everyday risks, has successfully closed a €4.1 million Series A funding round. The raise brings the total raised since its inception to approximately €8 million.
Wopta also revealed its impressive 2023 financial results, demonstrating a threefold increase compared to the previous year. The company reported over €3 million in intermediated premiums, €1.4 million in total revenue, and a clientele of 180,000. These achievements underscore the effectiveness of Wopta’s phygital business model, which combines digital technology and data with personalized customer relations through a network of insurance specialists across Italy.
Since its launch, Wopta has solidified its position in the Italian insurtech market, reaching several significant milestones:
- Over €3 million in intermediated premiums
- 180,000 insured clients
- €1.4 million in revenue
- 1,000 distribution partners, including over 150 Wopters (insurance specialists)
- New collaborations with fintech HYPE, Banca Sella, and Facile.it Partner Switcho, in addition to agreements with associations such as ConfProfessioni through BeProf, ConfCommercio, and SIOOT, the Scientific Society for Oxygen-Ozone Therapy.
“2024 represents an important milestone in our journey, thanks to the trust that major Italian investors, who have entered the company’s capital, have placed in Wopta, confirming our commitment and value in the insurance market. The phygital business model, which we adopted from the beginning, has proven successful and has been recognized by both new shareholders and our over 180,000 clients,” commented Vincenzo Macaione, founder and CEO of Wopta Assicurazioni.
“Bolstered by the recognition received, our results, and active partnerships, we aim to continue our growth alongside the country’s real economy, further innovating our solutions and strengthening our presence both in Italy and beyond.”
New shareholders are joining Wopta’s capital, supported by a renowned Italian advisor, through the club deal named “Asset Plus srl,” which has brought together over 30 Italian families and business angels, including: Holding B3 (Calzedonia Group), Macchi family, Cammi family, Ettore Riello, Davide Parenti, Massimo Ambrosini, and Cristina Parodi, who join CNA – Confederazione Nazionale Artigiani, Key Capital Venture, Cordifin Spa, Carlo Fagioli, and others.
Additionally, Wopta has already initiated activities for the next Series B round, aimed at further strengthening growth. This includes expanding the range of products, extending the distribution network, and launching new solutions for personal lines, including car insurance. Simultaneously, the company plans to expand its presence through targeted acquisitions in the Italian and European insurance markets.
