Cyber insurance platform BOXX has collected $10m in its Series A funding round, as it looks to expand its international footprint.
The capital injection was supplied by Cyber Mentor Fund, Zurich Insurance Group and SixThrity Ventures.
Funds from the round will help BOXX continue its international growth and hire more staff to cope with the rising demand from brokers, partners and clients.
Launched in 2018, the InsurTech company currently operates in Canada and select countries in Europe and Latin America.
BOXX offers cyber insurance policies that covers them for the costs of an attack. In addition to cover, the InsurTech company supplies cybersecurity technology to help prevent attacks in the first place.
Its cybersecurity features include breach response, managed firewall, identity monitoring and more.
Alongside the funding round, BOXX announced a new partnership with Zurich, which will see it deploy its cyber insurance policies through the firm.
Zurich Global Ventures CEO Jack Howell said, “BOXX’s prevention-led approach convinced us that they are building a winning business with the potential to actively shape cyber insurance for small to mid-sized businesses and consumers.
“They are an exciting business and passionate about making cyber security simple for customers by integrating tools and technology with insurance. The combination of their knowledge and Zurich’s global reach and international expertise is a win-win situation for Zurich customers and BOXX.”
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