Nordic Secondary Fund II has acquired a stake in Hedvig, a leading Swedish neoinsurer, to capitalize on the growing InsurTech sector and enhance its portfolio with a company focused on customer-centric insurance solutions.
Information on the Target
Hedvig is an innovative neoinsurer based in Stockholm, Sweden, founded in 2017. The company combines cutting-edge technology with traditional insurance practices to provide a unique customer experience. With a recently acquired EU insurance license, Hedvig currently offers insurance coverage to over 75,000 customers across Sweden, Norway, and Denmark.
The company aims to transform the insurance industry by fostering a relationship built on trust, in contrast to the prevailing mistrust often associated with insurance providers. This commitment to customer satisfaction is evidenced by Hedvig's impressive Net Promoter Score, which is ten times higher than that of its industry competitors, and a TrustPilot rating of 4.9 out of 5.0, establishing it as the highest-rated insurance company in Scandinavia.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Sweden
The insurance industry in Sweden is characterized by a high degree of competition, with both traditional insurers and new, technology-driven entrants vying for market share. The prevalence of digital services has significantly influenced c
Similar Deals
Endeit Capital → Eir
2025
TA Associates → Söderberg & Partners
2023
ANTCO Investment Group AB (publ) → NOSIUM AB (publ)
2025
Nordic Secondary Fund II
invested in
Hedvig
in 2023
in a Growth Equity & Expansion Capital deal