Participated · Seed · Nov 2023

Diesta is a London-based B2B SaaS company that provides a payment operations platform for the insurance industry. Its platform is designed to streamline premium processing for intermediated insurance, enabling insurers and intermediaries to unlock growth across new products and geographies and reduce industry inefficiencies. The company says it can help save the industry billions in inefficiencies. Diesta was founded in 2022 by Julian Schoemig and Christopher Davis. It raised $3.8M in a Seed round led by FinTech Collective, with participation from Commerce Ventures and existing investors Restive Ventures and SixThirty, following a $2M pre-seed round last year. The company intends to use the funds to accelerate expansion across new geographies and insurance classes, focusing on the UK, Europe, and the US. Diesta is a London-based insurtech startup developing premium payment software to modernize the flow of funds in the insurance industry. The company aims to enable carriers to save billions of dollars annually by standardizing complex systems and connecting across their distribution chain. Diesta is led by CEO Julian Schoemig and CTO Chris Davis. The company raised $2m in seed funding from backers including Restive, SixThirty, Antler, SystemaNova, and Westerly Ventures. Diesta intends to use the funds to increase scalability and advance product development. The raise was reported by FinSMEs.