Mila successfully raised €12 million from Elevation Capital Partners to accelerate its growth as a leading provider of specialized insurance solutions in the real estate sector.
Target Information
Mila, a neo-insurer founded in March 2021 by Gérard Deray and Jean Boucher, has raised €12 million from Elevation Capital Partners and its historical shareholders to accelerate its development in France and Europe. The company aims to become a leading provider of insurance products tailored for real estate professionals and individual landlords.
This funding round will bolster Mila’s existing offerings, particularly the rent default insurance (GLI), which addresses a substantial market comprising 7 million private rental properties, including 2.5 million managed by 14,000 property administrators across France. Since obtaining its insurance company license from the ACPR in late 2021, Mila commenced commercial operations in early 2022 and has shown strong growth trajectories and profitability since 2023.
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Industry Overview in France
The French insurance sector has seen significant transformations in recent years, with a growing emphasis on tailored products that cater to specific customer needs. In particular, the prop
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Elevation Capital Partners
invested in
Mila
in 2025
in a Seed Stage deal
Disclosed details
Transaction Size: $12M
Net Income: $1M