Leocare raises $110 milliom

Digital insurance broker Leocare has raised $110 million in debt and equity. Felix Capital, Ventech and Daphni participated in the Series B round.

Founded in 2017, the French startup allows users to obtain insurance quotes for auto, home and more by answering a few questions. The startup partners with several carriers and it currently serves around 60,000 customers. Earlier this year, it had ~20,000 customers.

Leocare plans to launch in Spain in 2022 and it aims to generate €100 million in revenue next year.