InsurTech Sherpa has raised $2.3m in funding from angel investors in order to change the way personal insurance is delivered.
Launching in the UK later this year, Sherpa will offer a personal insurance account providing its members with unbiased guidance and personalised insurance.
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Implemented through a digital, mobile friendly interface, Sherpa said one account will cover a consumer’s personal risks that is coupled with a simple solution for personal risk management.
Chris Kaye, CEO and co-founder of Sherpa, said: “We have completely re-thought the way insurance has worked for 100’s of years.”
He added: “To traditional insurers, you are just the sum of your policies. At Sherpa, we treat each of our members as a unique person whose risks change all the time.”
Sherpa said its seed investors share their vision and commitment to changing the face of personal insurance.
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By GlobalDataMehrdad Piroozram, an entrepreneur and Partner at InsurTech.vc, of his investment, said: “Our investment in Sherpa is an embodiment of our belief in amazing people doing audacious things. Sherpa has assembled a fantastic team of industry veterans. – it’s the best team we have seen in InsurTech.”
