French insurtech Orus raises €11m in Series A funding

French insurtech Orus has raised €11m in funding to expand its team and the availability of its modular insurance offerings in European markets

Orus, the insurtech founded and headquartered in France, has closed an €11m (US$11.6m) Series A funding round, to both expand its employee base and offer its services to more SMEs/SMBs across European markets. 

The round was led by venture capital firms Notion Capital and VR Ventures, with additional funds provided by Partech, Portage, and Frst, all of which supported the insurtech’s previous round of funding. 

Orus: Driving growth across Europe

Per its latest funding, Orus plans to more than double its employee base, hiring additional expertise in data, insurance, and tech departments. 

As well as expanding its existing offerings in more European markets, granting more smaller businesses access to its service, Orus plans to develop and launch new services amid its expansion. 

Côme Dartiguenave, Co-founder and CEO of Orus, says: "We are extremely proud to announce this funding round with Notion, VR Ventures/Redstone, with the participation of Partech, Frst, and Portage. It is a great sign of trust in our execution and in our vision to better protect SMBs.

"This funding round will allow us to expand our team with industry experts, to continue to develop our product, and to empower our distribution channels to build a European leader.”

Founded in 2021, Orus has already evolved past its initial service offering – which targeted insurance for the hospitality sector and restaurant owners – to offering insurance options to SMEs of all types, as well as to micro businesses and freelancers.

The insurtech claims its swift onboarding process of no more than three minutes is a key driver to attracting new customers and expanding its offerings across different industries. 

Principal at Orus investor Partech, Alison Imbert, says: "We don't fund projects, but teams. This is where Orus stands out with a concentration of talent, an excellent execution, and an obsession with customer satisfaction making it for us the best company to quickly conquer the European market.”

This sentiment is shared by lead investor Notion’s General Partner Itxaso del Palacio, who adds: “At present, insurance products are mainly designed for large corporations and don't satisfy the needs of the SMBs. 

“Orus is providing a new generation of insurance solutions that are modular and can be purchased in real-time, allowing small-business owners to build and pay only for the policies they need. 

“The team has a clear understanding of the distribution channels, and we believe they are well positioned to grow into new European markets with this funding round.”


For more insights from InsurTech Digital, you can see our latest edition of the InsurTech Digital here, or you can follow us on LinkedIn and Twitter

You may also be interested in our sister site, FinTech Magazine, which you can also follow on LinkedIn and Twitter.

Please also take a look at our upcoming virtual event, InsurTech LIVE, coming on 18th October 2023. 


BizClik is a global provider of B2B digital media platforms that cover Executive Communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare + Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.


Featured Articles

The life and career of Defaqto CEO John Milliken

We look at the life and career of John Milliken, CEO of Defaqto – a company known for issuing star ratings, but with far more going on under the hood…

US cyber insurtech Corvus agrees $435m sale to Travelers

US cyber insurtech Corvus Insurance has agreed a significant US$435m sale to P&C insurance giant Travelers, which is expected to close next year

NEXT Insurance in $265m partnership with Allianz & Allstate

NEXT Insurance, the Silicon Valley-based small business insurer, is partnering up with both Allianz and Allstate, who are investing US$265m into the firm

Climate and cyber risk among consumers' top concerns – AXA

Technology & AI

Customers demand green insurance – but are insurers ready?


InsurTech LIVE highlights: Part 3