Friday, April 23, 2021

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Zelros: Closes $11M Series A Financing

  • Zelros closed an $11M Series A financing round, bringing the total funding to date to $16.5M
  • The round was led by BGV with participation from ISAI Cap Venture and Plug and Play and historical investors HI INOV, 42CAP and astorya.vc
  • The company will also use the funding to scale operations across Europe and expand into North America, strengthening its position in the insurtech space
  • Zelros also provides an AI business platform that offers insurers, bancassurers, and policyholders a personalized way to distribute and receive products and services
  • Zelros, which has 50 employees, currently works with 15 of the leading insurance providers in Europe
  • The company will relocate and launch its Montreal-based North American headquarters in Q3 2021

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