Travel insurtech startup BeSafe Group closes €3M round

BeSafeGroup, a travel-insurtech company based in Rome, has raised €3 million in Series A funding.

The round is led by PranaVentures and Azimut Digitech Fund, with participation from CDP Venture Capital SGR and angel investors.

Founded in 2018, BeSafe said it has insured more than 250,000 travelers and has a network of more than 1,600 customers, including hotels, tour operators and travel agencies, as well as more than 50 technology partners and insurance companies.

The company said it will use the funding to further develop its claims management platform and customized insurance solutions and to strengthen its sales team to accelerate expansion in Europe and worldwide.

"We are competing in an industry where brokers like BeSafe dictate the market and insurance companies play a secondary game due to the difficulty of bridging the technological gap," says Alessandro Bartolucci, CEO of BeSafe. 

"Our goal is to gain market leadership by leveraging technological innovation and a strong focus on customer experience and customer service excellence.”