Orus raises €5 million

French insurance startup Orus has raised €5 million in funding from Frst, Partech, Portage Ventures and several angel investors including Pierre-Olivier Desaulle (ex-CEO of Hiscox Europe), Raphaël Vullierme (CEO of Luko), and Arthur Waller (CEO of Pennylane).

Founded in 2021, Orus provides business insurance and its first offering is designed for restaurants. The startup, which partnered with Wakam for this coverage, claims that it takes 5 minutes to complete the process, entirely online.

“Insurance is a social good to protect businesses. SMEs are the lifeblood of our economy and must be able to access the most suitable offer for their needs. Our mission is to create simple, efficient and affordable insurance to allow professionals to focus on what matters.” – Côme Dartiguenave, co-founder and CEO of Orus.

“Orus is tackling the professional insurance market, which is more complex than others due to the multitude of insurance products, but also generates more value. Customers are more loyal and willing to pay a fair price for an efficient and transparent service. It has assembled an exceptional and complementary team to build a competitive product that is tailored to the many needs of its customers.” – Alison Imbert, principal at Partech.