Switzerland based Insurtech Jarowa Secures CHF 12.4M via Series A

Jarowa, a Swiss digital marketplace and transaction platform for insurance firms, property managers, and leasing businesses that helps manage their trusted service providers and digital orders, has finalized a Series A round.

The firm’s investment round has been led by Eos Venture Partners, a venture capital fund focused on the Insurtech industry. The capital raised will be used to expand Jarowa’s product offering across Europe.

Andreas Akeret, CEO at Jarowa, remarked:

“After successfully implementing the standard of a digital vendor marketplace for B2B clients in our home market Switzerland, we have been able to enter Germany, the United Kingdom, and Italy, which underlines the demand for our services abroad. We are excited to further expand our business in Europe and are delighted to have Eos Venture Partners supporting us on this journey.”

Jarowa was established in Zug, Switzerland back in May 2017 and is a privately owned Swiss tech firm.

The firm provides insurance businesses, property managers, and leasing companies with access to an all-digital marketplace within the areas of mobility, property & trades, healthcare, as well as legal advice.

In case of damage, the claim gets automatically assessed, and a “trusted” service provider is chosen and commissioned to take care of the order. The settling of the claim is digitally processed end-to-end for all parties.

After reaching market standard status in Switzerland, Jarowa has now further expanded operations into Germany, getting named by the German Handelsblatt as a potential future market leader in digitally connecting insurance firms with service providers.

By end of last year, the healthcare marketplace was introduced in the UK, which was followed by the entry into the Italian market in 2022. Jarowa claims a large number of leading insurance firms, property managers and leasing companies as their clients.

The firm will now expand operations across Europe and the proceeds from the investment round will be directed towards supporting this ongoing growth.

As mentioned in the update, over CHF 3 million in secondary shares have reportedly been placed with new investors in connection with the deal.

Eos Venture Partners, a VC fund within Insurtech, has led the funding round. The investors in the round also include moyreal holding AG along with contributions from Helvetic Trust AG and a family office headquartered in Zurich.

Carl Bauer-Schlichtegroll, General Partner at Eos Venture Partners, remarked:

“The claim process is at the heart of every insurance company; it is critical for the industry as well as for the end-user who is depending on a smooth and quick claim handling. We are delighted to work with this great team and help bring their business to the next level. It is ever more important, especially in today’s challenging times, to reduce costs, increase customer satisfaction, secure best claims servicing standards, and beat inflation,”

Lilja Capital Advisory Partners acted as financial advisor to Jarowa in connection with the deal.

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