InsurTech social data startup Digital Fineprint has signed up Eos Venture Partners as the lead investor for its pre-Series A round.
The size of the funding is undisclosed.
Spun out of Oxford University, the startup uses social media data to automatically fill out insurance application forms, automate underwriting and help insurers engage with clients.
The company is now based in London and claims it is the first insurtech startup to come out of the university and raise funding.
Digital Fineprint is currently part of Allianz’ in-house accelerator programme where it is working alongside VCs, insurance professionals and senior Allanz executives to develop its product offering.
Company CEO Erik Abrahamsson said, “After securing the support of Allianz and EOS Venture Partners, we are now looking for two more strategic investors to join the round before closing in September.
“We invite experienced fintech and insurance innovators to help us build a new kind of insurance industry together.”
Eos Venture Partners launched its insurtech-dedicated fund in September with managing director Sam Evans saying at the time, “Traditional insurance business models are slow, inefficient, encumbered by legacy technology and lack customer focus.
“The sector is primed for a period of unprecedented innovation and Eos will be at its heart.”
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