The funding round was spearheaded by PranaVentures and Azimut Digitech Fund, accompanied by contributions from CDP Venture Capital SGR and a group of strategic angel investors.
Established in 2018, BeSafe Group has emerged as a prominent player in the travel insurance sector, having provided coverage for over 250,000 travelers. The company boasts a robust network of more than 1,600 clients, encompassing hotels, tour operators, travel agencies, and over 50 technology partners and insurance companies.
With this fresh infusion of capital, BeSafe Group aims to advance its claims management platform and enhance its suite of tailored insurance solutions. Additionally, the company plans to fortify its sales team to expedite its expansion efforts both within Europe and on a global scale.BeSafe Group’s commitment to innovation and its track record of serving a diverse clientele position it strategically for continued growth and success in the evolving landscape of travel insurance.
“We are competing in an industry where brokers like BeSafe dictate the market and insurance companies play a secondary game due to the difficulty of bridging the technological gap,” says Alessandro Bartolucci, CEO of BeSafe.
He added: “Our goal is to gain market leadership by leveraging technological innovation and a strong focus on customer experience and customer service excellence.”