AI-driven insurance platform, Zelros secured $11 Million in Series A funding round

Zelros, a France-based AI-driven platform dedicated to advancing insurance distribution, has now secured $11 million in a Series A funding round.

Zelros is founded by Christophe Bourguignat. It provides an AI business platform that offers insurers, policyholders, and bancassurers a personalized way to distribute and receive products and services.

It has an employee size of 50, which works with the 15 leading insurance providers in Europe, which includes the MAIF, BPCE, AXA, AssurOne, La Banque Postale, +Simple, across the life insurance, property, and casualty business line.

Christophe Bourguignat, co-founder and CEO, Zelros, said, "Digital transformation is fundamentally changing how businesses operate, and with insurtech funding reaching an all-time high of $7.1 billion in 2020, the insurance industry is no exception. At Zelros, we focus one hundred percent of our attention on developing AI-driven technology to improve and advance the insurance industry. We’re passionate about helping insurance players transform into technology-first companies, and the support of BGV, Capgemini, and all of our investors will empower us to accomplish our mission."

Eric Buatois, general partner, BGV, said, "Zelros is using AI to improve traditional insurance-industry standards and deliver immediate business value and ROI improvements for its customers. Their solution is helping insurance professionals to be more efficient and integrates smoothly into existing workflows while providing transparency on the final recommendation. This is exactly what we look for in the Enterprise 4.0 startups we invest in. At BGV, our expertise lies in sourcing the best startups in hubs outside of the valley and helping them scale up globally. We’re thrilled to work together with Zelros to build their business in Europe, North America, and beyond."

BGV led the latest funding round. Other participating investors include ISAI Cap Ventures, 42CAP, HI INOV, and astorya.vc.

The company, as of now has plans to use the new funds to expand its operations across Europe and North America. Zelros also intends to strengthen its position in the insurtech space.