Getlife, a Madrid-based InsurTech startup, has raised $6.3m in a seed funding round led by French VC Singular.
Getlife’s mission is to “protect what matters most”, by offering fair and modern insurance products to families, and shake up a billion-euro sector.
The company’s offering is 100% online and requires no medical exams. Customers can get a quote in 180 seconds.
According to a report by TechCrunch, several business angels also participated, such as Gokul Dhringa and Chris Adelsbach. The company had previously raised a €1m pre-seed round.
In a LinkedIn announcement of the round, Getlife said the round will help it meets its ambitious goals, including making insurance accessible to everyone, becoming a life insurance leader in Europe and open in new countries, in addition to recruiting new talent.
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