Neat closed $33M Series A round

Neat, a Paris-based embedded insurance startup, secured €50 million in a Series A funding round. Hedosophia led the investment, with participation from Alma Mundi Ventures, ETFS Capital, Athletico Ventures, New Alpha, Founders Future, and Purple. This funding includes approximately €30 million in equity and €20 million in debt.

Neat specializes in providing embedded insurance solutions, enabling merchants to integrate insurance products directly into their sales channels, both online and in physical stores. The company offers a range of over 40 products, such as cancellation, theft, breakage, loss, and extended warranties across various industries. The newly acquired funds are intended to strengthen Neat's position in France and support its international expansion.