Participated · Series B · Feb 2026

Artificial Labs builds a proprietary platform that digitises complex insurance workflows for brokers, carriers, and MGAs, allowing them to optimise capacity deployment and trade risks more efficiently. The company combines deep insurance domain expertise with modern engineering to capture institutional knowledge and integrate seamlessly with existing systems. Clients include some of the world’s largest brokers and carriers in the London Market, reflecting strong adoption in specialty and commercial insurance. With the fresh capital, Artificial Labs plans to double its headcount over the next 12 months and further invest in product innovation. The firm will also expand its global footprint, consolidating its London leadership while entering the U.S. market in 2026. Investors praise the platform’s ability to solve structural efficiency constraints that have persisted in specialty risk placement for decades. Although exact revenue or user metrics were not disclosed, the company positions itself as a key technology partner capable of supporting the largest brokers and carriers as they modernise operations.

Led · Seed · Feb 2026

Lateral develops products that blend private healthcare coverage, nurse-led care navigation and preventative 'stay-healthy' benefits into a single policy aimed at the UK’s 14 million-strong over-60s demographic. Its flagship offering, the Lateral Health Plan, gives members help understanding diagnoses, choosing between NHS and private treatment pathways, and accessing annual health checks. A team of qualified case-management nurses delivers personalised guidance to ensure users get the most from both public and private care options. The company emphasises simple, transparent pricing and evidence-based preventative care to keep older adults active for longer. Lateral was founded by Laura Ashforth, former managing director at insurtech unicorn Zego, and Steven Mendel, co-founder and ex-CEO of ManyPets. The nine-person team sees a significant market opportunity in serving active retirees whose needs are not met by traditional insurers. Following its recent seed raise, Lateral is focused on rolling out the Health Plan across the UK. No revenue or user figures have been disclosed to date.

Participated · Series A · Jun 2025

Baobab Insurance offers insurance products that protect companies from cyberattacks, fraud, and software product failures, leveraging AI-native underwriting and active AI-native risk monitoring. The company says its underwriting and monitoring have helped prevent losses of over €10 million for customers. Baobab launched three years ago and operates from offices in Berlin and Cologne with a team of about 30 people. It raised a €12 million Series A to grow the team, expand its product range, and strengthen its position in Germany and Austria. The company plans to enter additional EU markets within the next 12 months. To date Baobab has raised a total of €20.1 million across pre-seed, seed and Series A. Baobab offers cyber insurance that covers damages from cyberattacks, including business interruptions, liabilities, and service costs, while also providing proactive risk reduction services. The company delivers attack surface management, continuous monitoring, and vulnerability checks to reduce customer exposure to hacks. Its platform uses machine learning models to optimize risk selection, pricing, and mitigation aimed at improving loss ratios. Baobab plans to distribute insurance via broker partnerships and is developing the product in close collaboration with brokers to help them explain cyber threats to clients. The startup was founded in 2020 by Vincenz Klemm and Anton Foth and has already hired senior hires in product, pen testing, and underwriting. The company raised funding to hire insurance professionals and technical and cyber security experts and will launch in Germany in early 2022 followed by other European markets.

Led · Equity · Nov 2024

Pemo is a Dubai-based fintech that provides expense management and business payments solutions to SMEs via corporate cards. Led by Ayham Gorani, Valerie Konde, Alessandro Duri and Saed Ghorani, the company works with over 4,000 businesses. Pemo recently surpassed USD 1.4 billion in processed transactions. The company has offices in Saudi Arabia and Egypt. Pemo intends to use new funding to drive further product innovation and to expand into additional markets. Pemo has launched an all-in-one spend management platform that provides simplified invoice payment, expense management and smart corporate card capabilities for SMEs. Current features include digitized invoices, automated approval flows, one-click invoice payments and real-time cash flow monitoring. The company plans to offer physical and virtual prepaid cards that integrate with the app to categorize employee expenses, capture receipts and provide full visibility on corporate spending. Pemo was co-founded by Ayham Gorani, Valerie Konde, Alessandro Duri and Saed Ghorani, who are described as serial entrepreneurs and Rocket Internet and Google alumni. The startup intends to use its new funding to continue expanding operations and business reach. Following its UAE launch, Pemo is targeting Saudi Arabia by the end of 2022, with later expansion planned into Egypt and Pakistan.

Participated · Equity · Jul 2024

Grover operates a subscription-based technology rental service that offers access to over 8,000 tech products, including smartphones, laptops, VR gear, wearables and smart home appliances. The company runs both consumer subscriptions and Grover Business, which handles tech procurement and management for companies. Rentals can be returned free of charge at the end of the rental period, or customers can extend the rental or exchange products. Grover’s service is available in Germany, Austria, the Netherlands and Spain and is distributed through its online/offline partner network, including MediaMarktSaturn. Founded in 2015 and led by CEO Linda Rubin, the company is focused on scaling its subscription and B2B offerings. The article notes Grover intends to use new funding to increase profitability and support further sustainable growth. Grover operates a consumer-tech subscription marketplace that lets users rent, switch, buy, keep, or return over 5,000 tech products on a monthly basis. The platform offers smartphones, laptops, VR gear, wearables and smart home appliances and had more than 800,000 items in circulation and over 1 million devices rented out as of July 2022. Led by CEO Michael Cassau, Grover is expanding its product inventory to grow in existing markets such as Germany, Spain, the Netherlands and Austria, and into new European markets. In 2022 the company expanded in the US, is accelerating its embedded finance strategy with the Grover Card, and plans to launch a new B2B software tool in the US, the Netherlands, Spain and Austria. Grover has added several high-profile board members, including Joanna Coles, Sarah McPhee, Lara Sweet and Colleen DeCourcy. The company has substantial debt financing history in Europe and the USA and is using new funding to expand inventory and market reach. Grover operates a subscription marketplace for consumer electronics, allowing users to rent phones, monitors, scooters and other gadgets instead of buying them outright. The company provides flexible rental terms (one to 18 months) and a one-year purchase option for €1, which about 10% of customers choose; power users may spend up to €60 per month. Grover has developed embedded-finance products such as the Grover Card (built with Solaris Bank) that offers 3% cash back and correlates with higher subscription uptake. Management plans to use new funding to expand device inventory, build more personalization and financial-services tools (including loyalty schemes), and deepen its presence in large markets such as the U.S. Grover reports half a million items available in its catalog, 2 million registered users and 250,000 active customers, and it said subscriptions and business doubled in the past year. The company is positioned around the circular-economy trend and competes with secondary-market players like Back Market. Grover operates a tech rental/subscription marketplace offering monthly subscriptions to over 3,000 new and used electronic products. The company says it has grown to more than 1 million registered users in Europe. It runs an asset-light model where devices are owned centrally and rented to subscribers. Grover launched its US business in September and reports the US operation has already surpassed subscriber targets. The company is using new financing to accelerate expansion of its US business. Recent financings include a large asset-backed facility and prior debt and equity funding to support scale-up. Grover is a Berlin-based subscription platform that lets consumers rent technology on a monthly basis and refurbishes devices to recirculate them. Founded in 2015 by Michael Cassau, the company aims to reduce e-waste through its refurbishing programme. Grover is projecting circulations to grow from 475,000 to 5 million by 2024 and reports year-over-year growth of 2.5x. For the fiscal year it recorded net revenues of €37 million. The company says device recirculation saved 4,000 metric tonnes of CO2 and spared 1,400 tonnes of e-waste from landfills. Grover plans to use new financing to accelerate growth and enter new markets.