Digital insurance startup Friday has pulled in funding from majority shareholder Baloise as well as SevenVentures and German Media Pool.
Germany-based digital insurance startup Friday raised €114m ($128m) in funding today from investors including its founder, insurance holding company Baloise Group, which provided €75m.
The remaining €39m was supplied by SevenVentures, the corporate venturing vehicle operated by media group ProSiebenSat.1, and German Media Pool, the media-for-equity investor backed by a range of print, television, radio and outdoor media partners.
Friday operates an online insurance offering that is initially focusing on automotive insurance, billing customers per kilometre travelled. It offers customers…
