French digital insurance brokerage +Simple has closed a growth financing round on ?90m, which was led by global investment firm KKR.
Alongside the close of the investment, +Simple has also acquired two independent brokers: France-based Alians and Germany Carl Rieck Assecuradeur. Additionally, it has purchased Matintec, an underwriting agency in Italy. It hopes these new additions will help it expand its distribution capabilities.
The growth funding was also supported by existing +Simple investors Eurazeo and Speedinvest, as well as Tikehau Capital, which supplied the company with debt funding.
Founded in 2015, +Simple claims to be the insurance robo-broker. provides self-employed workers and small businesses in France, Germany and Italy with insurance products through a network of retail brokers, partnerships with insurance carriers and generalist brokers. It operates as a wholesale broker.
Its revenue has grown by 100% during 2021.
KKR director Patrick Devine said, “We are very pleased to invest alongside +Simple management team as they set out on their next phase of growth. +Simple is a leader among digital brokers for small businesses and the self-employed in France and is well-positioned to expand both organically and inorganically across Europe.
?We have continued to be highly impressed with +Simple technology, business model and management team and look forward to supporting their ambitions to accelerate their deployment in a number of European markets.”
Alians is a French insurance brokerage and consulting firm that specialises in business risks in non-conventional medicine. It reports a ?2.5m turnover in 2021.
Carl Rieck Assecuradeur is an underwriting agency that specialises in self-employed professionals and small businesses. It claims to have seen a ?6m turnover in 2021.
Marintec is a broker that specialises in medical risks and has over 100 distributors. It boasts a ?1.5m turnover for 2021.
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