FRIDAY Insurance

FRIDAY is a Berlin-based InsurTech startup that aims to revolutionize the insurance industry with its customer-oriented approach. Founded in 2017 with the backing of the Swiss Baloise Group, FRIDAY has gained independence and quickly emerged as one of the fastest-growing InsurTech companies in Europe. With a commitment to digital innovation, the company has garnered the trust of over 100,000 customers by offering a user-friendly and environmentally conscious insurance experience. FRIDAY's business model stands out with its focus on usage-based insurance, enabling customers to pay for their actual driving activities. Additionally, the company allows customers to offset their carbon emissions, aligning with the growing trend of eco-consciousness. With a progressive and inclusive work environment, FRIDAY has attracted over 200 talents from diverse backgrounds, fostering a culture of empowerment and collaboration. In terms of funding, FRIDAY secured a significant €114.00M in its latest Venture Round investment on 07 March 2019. Notably, this investment round involved prominent backers including Seven Ventures, Baloise Strategic Ventures, and German Media Pool, underlining the industry's confidence in the company's potential. For Venture capital looking to invest in disruptive InsurTech ventures, FRIDAY presents an intriguing opportunity to tap into the evolving insurance landscape. With its innovative approach, strong financial backing, and rapid growth trajectory, FRIDAY is well-positioned to make a significant impact in the insurance industry. More information about FRIDAY can be accessed via their corporate page https://www.friday.de/en-de/lp/corporate. Overall, FRIDAY embodies the essence of a modern, customer-centric InsurTech, making it a compelling prospect for venture capitalists seeking to participate in the next wave of insurance innovation.