About Internet First Insurance Platforms sector in Europe
The Internet First Insurance Platforms sector in Europe comprises 2.16K companies, including 552 funded companies having collectively raised $13.5B in venture capital money and private equity. Out of these, 292 are Series A+ funded, and 5 have achieved unicorn status.
Internet First Insurance Platforms sector in Europe has seen 151 acquisitions and 52 IPOs. This represents almost 9.4% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies which provide tech platforms to consumers for purchasing and managing their insurance.
Internet First Insurance Platforms sector is also known as Online Insurance, Virtual Insurance, E-Insurance or Digital-First Insurance platfrom.
Internet First Insurers including P2P Insurers; Insurance Comparison Platforms, Consumer Insurance Management Platforms, Insurance-Related Knowledge Platforms. Traditional Insurers; Traditional Insurance Brokers; Service Providers for Insurance Industry like TPAs, Claims Adjusters, etc; Software providers to insurers and intermediaries; Data providers to insurers are excluded.
Top Internet First Insurance Platforms Companies in Europe
There are 2,161 Internet First Insurance Platforms startups in Europe which include Alan, Cuvva, SanteVet, yulife, Confused.com. Out of these, 552 startups are funded, with 292 having secured Series A+ funding, and 5 achieving unicorn status.
Over the past 10 years, an average of 55 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of Cambridge, University of Oxford and HEC Paris.
Here is the list of top Internet First Insurance Platforms startups in Europe
1. Alan
Provider of health insurance, preventative care, and related well-being services. The company offers health coverage options for businesses of various sizes, including start-ups, small to medium-sized enterprises, and large corporations. It also provides plans for individuals, such as self-employed workers and retirees. The offerings include digital tools and resources designed to improve health outcomes and streamline administrative tasks related to healthcare benefits. The company aims to provide accessible and user-friendly healthcare solutions.
Key facts about Alan
- Founded Year: 2016
- Location: Paris (France)
- Stage: Series F
- Total Funding till date: $747M
- Investors: Index Ventures, Ontario Teachers' Pension Plan and 18 Others
- Latest Funding Round: Series F, Sep 20, 2024, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 14 Competitors
2. Cuvva
Online usage-based car insurance solutions. It provides temporary car, van, and motorhome insurance policies via a mobile app. It offers short-term insurance coverage, from hourly to weekly, for cars, vans, learner drivers, and international drivers. It facilitates temporary insurance for various needs, including borrowing vehicles, test drives, learner practices, and short-term vehicle coverage.
Key facts about Cuvva
- Founded Year: 2014
- Location: London (United Kingdom)
- Stage: Series A
- Total Funding till date: $27.2M
- Investors: LocalGlobe, Techstars and 11 Others
- Latest Funding Round: Series A, Dec 07, 2022, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 121 Competitors
3. SanteVet
The app-based platform for pet health insurance. It offers insurance quotes for dogs, cats, rabbits, parrots, and more. It also offers claims processing services. The app is available on Android and iOS platforms.
Key facts about SanteVet
- Founded Year: 2003
- Location: Lyon (France)
- Stage: Acquired
- Total Funding till date: $169M
- Investors: Serena and Idinvest Partners
- Latest Funding Round: Series B, Feb 25, 2022, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 6 Competitors
4. yulife
Online group life insurance platform for individuals. It offers quotes for group life insurance, group critical illness and group income protection. It also offers access to mental health support (EAP) and smart health medical support services.
Key facts about yulife
- Founded Year: 2016
- Location: London (United Kingdom)
- Stage: Series C
- Total Funding till date: $207M
- Investors: Creandum, Dai-Ichi Life and 17 Others
- Latest Funding Round: Series C, Jul 07, 2022, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 1 of 11 Competitors
5. Confused.com
App-based comparison platform for life and P&C insurances. It offers quotes for auto insurance, home insurance, pet insurance, energy insurance, term life insurance, and more. It also offers car finance and sales solutions. The app is available for iOS & Android devices.
Key facts about Confused.com
- Founded Year: 2002
- Location: Cardiff (United Kingdom)
- Stage: Public
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 134 Competitors
Companies founded year-on-year in the Internet First Insurance Platforms sector in Europe
127 Internet First Insurance Platforms startups in Europe were founded in 2017 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 2 |
2024 | 13 |
2023 | 33 |
2022 | 38 |
2021 | 59 |
2020 | 78 |
2019 | 106 |
2018 | 96 |
2017 | 127 |
Stage-wise distribution of Internet First Insurance Platforms sector companies in Europe
Out of the total 2,161 Internet First Insurance Platforms companies in Europe, 552 have secured funding. Among them, 292 have reached Series A or higher, and 250 to Series B or beyond.
Founded - 2,161
Funded - 552
Series A+ - 292
Series B+ - 250
Series C+ - 223
Company Stage | No. of companies |
|---|---|
Founded | 2,161 |
Funded | 552 |
Series A+ | 292 |
Series B+ | 250 |
Series C+ | 223 |
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Funding Trends in the Internet First Insurance Platforms sector in Europe
Total funding year-on-year in the Internet First Insurance Platforms sector in Europe
The Internet First Insurance Platforms sector in Europe saw a total funding of more than $13B in the last 10 years. The most amount of funding was in 2021 at more than $4.72B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $784M |
2024 | $918M |
2023 | $906M |
2022 | $1.48B |
2021 | $4.72B |
2020 | $1.36B |
2019 | $1.06B |
2018 | $292M |
2017 | $1.33B |
Recent Funding Rounds in Internet First Insurance Platforms in Europe
In the year 2025, till December 2025, Internet First Insurance Platforms companies in Europe have raised $214M in equity funding across 25 rounds.
In the same period last year (i.e. till December 2024), Internet First Insurance Platforms companies in Europe had raised $429M across 31 rounds.
So, 2025 has seen a 50.1% drop in funding in Internet First Insurance Platforms companies in Europe as compared to 2024.
Here are some recent, important funding rounds in Internet First Insurance Platforms companies in Europe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 6760 | Dec 22, 2025 | - | |
Seed | 8644 | Oct 21, 2025 | ||
Seed | 3339 | Oct 07, 2025 | ||
Seed | 2252 | Aug 18, 2025 | ||
Series A | 8994 | Jul 31, 2025 | - |
Top Investors in Internet First Insurance Platforms in Europe
Plug and Play Tech Center is the top investor in Internet First Insurance Platforms companies in Europe based on number of companies invested.
Here are some top investors in Internet First Insurance Platforms companies in Europe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Berlin (Germany) | ||
Esenler (Turkey) | ||
London (United Kingdom) | ||
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M&A activity in Internet First Insurance Platforms sector in Europe
In the year 2025, till October 2025, 19 acquisitions happened in Internet First Insurance Platforms sector in Europe. Last year, in 2024, a total of 14 acquisitions happened in Internet First Insurance Platforms sector in Europe.
Here are some recent, important acquisitions in Internet First Insurance Platforms sector in Europe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 29, 2025 | ||
Business Acquisition | Aug 18, 2025 | ||
Business Acquisition | Aug 04, 2025 | ||
Business Acquisition | Aug 03, 2025 | ||
Business Acquisition | Jul 28, 2025 |
Acquisition trends in Internet First Insurance Platforms sector in Europe
Here are the acquisition trends in Internet First Insurance Platforms sector in Europe:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 19 |
2024 | 14 |
2023 | 18 |
2022 | 20 |
2021 | 18 |
2020 | 18 |
2019 | 14 |
2018 | 9 |
2017 | 12 |
IPOs in Internet First Insurance Platforms in Europe
In the year 2025, till September 2025, 1 IPO happened in Internet First Insurance Platforms sector in Europe.
Here are some recent, important IPOs in Internet First Insurance Platforms sector in Europe:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 19, 2025 | SIX Swiss Exchange (SIX) | |
Nov 21, 2022 | Euronext Exchange (Euronext) | |
Jul 28, 2021 | London Stock Exchange (LSE) | |
Apr 30, 2021 | Madrid Stock Exchange (BME) | |
Dec 04, 2018 | Frankfurt Stock Exchange (FRA) |
Colleges which produce the most Internet First Insurance Platforms companies in Europe
Companies founded by alumni from top colleges in the Internet First Insurance Platforms in Europe
Most number of Internet First Insurance Platforms startups in Europe have been founded by alumni from University of Cambridge, University of Oxford and HEC Paris.
College | No. of companies |
|---|---|
University of Cambridge | 14 |
University of Oxford | 10 |
HEC Paris | 9 |
INSEAD | 6 |
London Business School (LBS) | 6 |
University College London | 5 |
Imperial College London | 3 |
University of Bristol | 3 |
University of Chicago | 3 |
University of Edinburgh | 3 |
Total funding in Internet First Insurance Platforms companies founded by alumni from top colleges in Europe
In the last 10 years, London Business School (LBS) graduates' Internet First Insurance Platforms companies in Europe have raised the most funding among top colleges. University of California (Berkeley) alumni are second, and University of Cambridge alumni are third.
College | Total Funding |
|---|---|
London Business School (LBS) | $844M |
University of California (Berkeley) | $747M |
University of Cambridge | $455M |
HEC Paris | $346M |
University of Oxford | $261M |
London School of Economics and Political Science | $221M |
University College London | $208M |
Imperial College London | $207M |
INSEAD | $186M |
Durham University Business School | $181M |
Top News in Internet First Insurance Platforms in Europe
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Zurich-Amundi launches Global Green Bond fund; sustainable investments grow to €2.3 trillionIlgiornaleditalia•Jul 10, 2025•Zurich, Amundi
