Leocare is a France-based startup that offers multi-service neoinsurance for homes, cars, motorbikes and smartphones. It recently raised a $116 million Series B round led by Eight Roads.
The startup wants to simplify and optimize the insurance process with a mobile app that lets you change your coverage in just a few taps. It also uses data to help you choose the right coverage.
Mobility
Founded in 2017, French startup leocare offers a’modern’ way to get your home, car, motorbike or smartphone insured. It has a growing customer base and recently raised EUR15 million in funding from Felix Capital, Ventech and Daphni to fuel its growth.
The company’s main innovation is a single contract for a household that covers everything – from the smallest appliance to the biggest insurance claim. In doing so, it’s breaking the mold and bringing new life to French household insurance.
Home
French insurtech Leocare is making it easier for policyholders to buy and manage their home, car, motorbike and smartphone insurance coverage through a mobile app. The startup aims to be a new type of insurer that provides comprehensive coverage but also superior service and ease of use.
Founded in 2017, Leocare offers users a personalised experience via a single contract that groups all their household insurance under one roof. The company combines the convenience of purchasing insurance with data-driven features that help users stay safer on the road. For example, it connects a user’s location with road safety data to warn drivers when they enter high-risk areas. This strategy helps reduce claims and boosts customer loyalty. The startup has recently raised a Series B round led by Eight Roads, and backed by historic investors Felix Capital, Ventech and Daphni.
Car
Leocare’s app-only insurance platform allows customers to take out, adjust or cancel their car insurance in a few taps. It also offers mobile assistance and claims settlement.
Founded in 2017, Leocare designs, distributes and manages innovative home, auto, motorcycle and smartphone insurance products for its customers. Its mission is to empower its customers to benefit from tomorrow’s insurance today.
In an industry known for its complexity, leocare aims to disrupt the market norms. Using an identity based on the idea of a coach, it focuses on giving consumers a clear understanding of its services and how they will benefit their lives.
Motorbike
Riding a motorbike is a healthy and fun way to exercise. It not only provides physical benefits but also mental health benefits.
One of the most important things that a motorbike does is provide an opportunity for you to get out and enjoy nature. Whether you’re riding down a scenic back road or heading to the grocery store, motorcycle riding can help increase energy levels and improve your mood.
It also provides you with a low-impact workout that can strengthen your core, knees and thighs. Plus, riding a bike can help you maintain your posture and strengthen your neck.
Smartphone
The smartphone has revolutionized the way we communicate. Not only can you call, text or email a friend or family member from anywhere, but it also allows you to share your photos instantly and make video calls with anyone who has a phone.
In addition, smartphones offer a wide range of entertainment sources. From games to watching movies and streaming music, there’s something for everyone.
Learning Support
In a world where technology evolves on a nearly daily basis, allowing children to have their own smartphones can be a great opportunity for them to learn new skills and take responsibility for their possessions. They can also learn more about budgeting and the importance of limiting their spending.
Leocare is committed to simplifying the lives of its customers, whether it’s insuring their home, car, motorbike or smartphone. The company recently launched its latest mobile app, aiming to optimize the onboarding process with easy-to-understand questions and an indicator telling consumers if they’ll pay more or less if they choose one option over another.