Hedvig handles $45m in series B funding

Sep 30, 2021 •

Commerzbank and Axel Johnson helped the online insurance provider reach $68m in overall funding by backing its series B round.

Sweden-headquartered online insurer Hedvig has secured $45m of series B funding from investors including financial services firm Commerzbank and industrial product manufacturer Axel Johnson.

Venture capital firm Anthemis led the round, with contributions from Cherry Ventures, Obvious Ventures, Nineyards Equity and private investors Jonas Kamprad and Mathias Kamprad, while Commerzbank and Axel Johnson were represented by CommerzVentures and Novax respectively.

Hedvig operates a mobile-first platform where users can purchase homeowner and rental insurance policies. The company covers more than 70,000…

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