• Neosurance

  Led · Equity · Apr 2020

  Neosurance builds AI- and machine learning-powered technology for insurance carriers to distribute microinsurance products over short periods. The company targets embedded and short-duration insurance sales through its platform. Founded in 2016 in Milan, it has secured early non-dilutive and seed support. Prior financing includes a €50k grant from EASME and a €705k injection in September 2017 from CEO Pietro Menghi and advisor Matteo Carbone, plus an earlier pre-seed in February 2017. Neosurance’s ownership structure was affected by the latest round, which reduced Neosperience’s and Digitaltech International’s combined stake. The product focus and prior funding position the company to continue developing its carrier-facing AI solutions. Neosurance is a Milan-based insurtech founded at the beginning of 2016 by DigitalTech International and Neosperience that offers AI and machine-learning powered solutions enabling insurers to sell instant micro-policies. Its platform sends personalized notifications to customers' smartphones proposing short-term coverage for specific events, and it closed its first instant product in partnership with Axa Italia. The company raised €705K in seed funding from strategic business angels—mainly managers and executives from the Italian and European insurance industry—alongside professionals and entrepreneurs with important networks. Those investors joined pre-seed backers including CEO Pietro Menghi and senior advisor Matteo Carbone. Neosurance has now raised close to €1m in total and plans an €800K capital increase this autumn to strengthen its commercial and technological teams and expand its geographical scope. It is pursuing a U.S. presence after participating in the Plug and Play insurtech acceleration program in Silicon Valley and is focused on entering new partnerships with Italian and international insurance carriers and communities. Neosurance provides insurance companies with a technology platform to sell short-duration micro-insurance through personalized push notifications sent to customers' smartphones. The service lets insurers offer targeted, easy-to-activate, low-priced coverage for specific events when the customer needs it. The company was co-founded in 2016 as a joint venture between Digital Tech and Neosperience by Andrea Silvello (CEO) and Dario Melpignano and is based in Milan, Italy. Neosurance closed three agreements with international insurance companies between the end of 2016 and the beginning of 2017. It was selected by the European Commission as a winner of HORIZON 2020 Phase 1, an EU award for research and innovation, and received a €50K grant. The grant represents early-stage external funding and EU recognition for the startup's research and innovation efforts.

No current team members are available.