Habit raises €5.2 million to accelerate momentum globally
SixThirty, BiG Start Ventures, Iberis and Bright Pixel Capital – Sonae composed a €5.2M financing round to expand Habit’s capacity and keep the accelerated growth of their embedded insurance product in Europe and Latam.
Habit is the only platform which includes a single insurance distribution API and an Orchestration Engine which, independently of the insurer and insurance product, provides distribution partners with full control over the policy lifecycle as well as offloads major IT effort and, enabling an incredible fast go-to-market.
The new funds will be used to accelerate Habit’s European development and with regulatory capacity to explore large opportunistic worldwide business. The focus will be on recruiting business development and marketing talent to grow sales and speed up the, already fast, customer onboarding process.