Led by Swanlaab Venture Factory, with participation from existing investors Nauta, La Roca Capital, Bankinter, Prosegur, Íope Ventures, and Astorya VC, this investment will fuel Weecover’s growth and international expansion plans.
Founded in 2019, Weecover provides a comprehensive Insurance-as-a-Service (IaaS) platform that enables companies across various sectors, including retail, e-commerce, and finance, to seamlessly integrate insurance offerings into their customer journeys.
Weecover’s platform leverages cutting-edge technology, including the integration of Gen-AI, to streamline insurance distribution and enhance customer experiences.
With a growing customer base that includes prominent companies like PcComponentes, FNAC, Decathlon, seQura, Mapfre, Línea Directa, and Lagunaro, Weecover is poised for continued growth in both the Spanish and international markets.
Jordi Pagés, CEO of the company, said: “Having the backing of funds such as Swanlaab or Nauta allows us not only to accelerate our expansion plans, but also to strengthen our value proposition and continue to offer innovative solutions to our clients. We are excited about the future that lies ahead in the insurance sector.”
Juan Revuelta, Partner at Swanlaab, commented: “At Swanlaab, we are excited to join Weecover in this new stage of growth, betting on its differential technology to optimize the implementation of Embedded Insurance with ease. We firmly believe in the promising future of this space within Insurtech and in Weecover’s ability to lead this transformation thanks to its market vision. It is a sector full of opportunities and we are confident that Weecover will play a key role in its development. Furthermore, the team’s in-depth knowledge of the insurance sector, led by Jordi Pagés, is a truly unique asset compared to the competition.”
Jordi Viñas, General Partner de Nauta, added: “Since Nauta invested in Weecover in 2021, we’ve had the pleasure of watching the company and the team grow and mature. We see that the insurance industry continues to adapt as consumers want easy access to a broader base of products. We’ve been impressed by the traction Weecover’s solution has had amongst a varied group of customers looking to offer insurance products embedded in their sales process. By enabling the seamless addition of insurance to its clients’ existing offering and thereby increasing their clients’ profits, Weecover has become a must-have product for those clients. Hence, we’re very optimistic about the future of the company.”
