Eir successfully raised €20 million in a funding round led by Endeit Capital to accelerate its growth and expansion in the embedded insurance market across Europe.

Information on the Target

Eir, established in 2019 and headquartered in Stockholm, Sweden, is an innovative embedded insurance provider that has quickly emerged as a leader in its sector. The company specializes in offering tailored non-life insurance solutions designed specifically for mid-sized businesses, enabling seamless integration into their existing ecosystems through a B2B2X model. Eir's comprehensive product offerings include coverage in various domains such as motor, health, travel, SME commercial, and property insurance. The company has successfully achieved notable growth in Gross Written Premium (GWP), profitability, and an industry-leading low loss ratio.

Eir has built a robust portfolio that extends across 11 countries, including Sweden, Norway, Germany, Spain, Denmark, Finland, Greece, and the Netherlands, with imminent expansion into France, Italy, and Portugal. Currently, Eir boasts more than 225 risk solutions in play and over 1.6 million policies sold, highlighting its significant market presence and operational excellence in the insurance sector.

Industry Overview in Sweden

The Swedish insurance market is recognized for its advanced regulatory framework and innovation, particularly in embedded insurance. The country has observed a growing demand for integrated insurance solutions as businesses seek to enhanc