Ireland-based insurtech Kota has raised €5m in seed funding to help companies manage employee benefits.
In brief:
-It aims to increase access to traditional financial and insurance products and benefits for the next generation of employees.
-It launched in beta at the end of 2022 having raised €2.6m last September
-The funding round was led by new investor EQT Ventures, with participation from existing early partners Northzone and Frontline Ventures as well as several new angels.
What does this mean?
“Kota builds connectivity with providers across the world, and is set to become the rails from which financial products are distributed and sold, in an age where employees are increasingly relying on their workplace to access them,” EQT Ventures principal Naza Metghalchi said.
