We are excited to announce that Fintech Ventures has joined Greenlight Reinsurance (NASDAQ: GLRE, founded by David Einhorn) as a lead investor in battleface’s Seed Round!
Press Release:
battleface Inc., a rapidly growing tech-enabled insurance startup, focused on providing travel insurance products for unconventional travellers worldwide, announced today that it successfully closed its seed financing round with backing from leading strategic and venture capital investors.
Atlanta, Georgia – based Fintech Ventures Fund has invested in the company, joining existing investors Greenlight Re and Tangiers Group. This investment will be used to expand software development, hire sales and business development personnel, and further the company’s global reach.
battleface is led by a team of travel insurance experts. CEO Sasha Gainullin previously developed global operations for AIG Travel Guard and has worked with battleface since its inception. Managing Director Paul Simmonds brings experience as a Lloyd’s of London underwriter with previous leadership roles at Berkley Syndicate, CNA Hardy, Brit, and Goshawk.
“We got our start because many travellers couldn’t find the right insurance products with coverage for their unique travel destinations and real needs,” said Gainullin. “With the latest investment from Fintech Ventures Fund, we’ll continue to expand our B2B partnerships custom-building travel insurance solutions for groups, including business and NGO travellers, associations and membership-based organisations.”
battleface combines innovative technology and underwriting to create, distribute and service specialty travel insurance products for people in both retail and wholesale. Products are supported by a network of 24/7 assistance coordinators, medical providers and on-the-ground field agents who provide emergency claims, medical and travel assistance services on a global basis.
Fintech Ventures Partner Lucas Timberlake said: “A core area of our fund’s investment thesis is that technology can be leveraged to more efficiently provide insurance products to markets that have been underserved by current offerings. We believe that battleface’s seasoned management team will create an industry leader in the travel insurance space. It is for these reasons that we are excited support the company’s future growth.”
About battleface:
battleface provides unique travel medical insurance benefits and services to travellers visiting or working internationally, including in the world’s most challenging places. battleface was developed by Tangiers Insurance Services, an insurance intermediary and coverholder at Lloyd’s of London.
Media Coverage:
Coverager - “Battleface announces seed investment”
Insurance Business America - “Travel insurance startup completes funding round"
Insurance Journal - “UK Insurtech Startup battleface Receives Investment from Fintech Ventures Fund”