Nordic Insurtech Firm Raises $10M Led By Silicon Valley Co.

Law360, London (August 29, 2019, 8:33 PM BST) -- A Swedish insurtech startup has raised more than $10 million to fund its expansion outside the Nordic region with backing from a major Silicon Valley tech firm.

Hedvig AB, which uses tech to deliver customer-focused insurance products, is now backed by Obvious Ventures, a Silicon Valley-based company owned by Twitter co-founder Ev Williams. Trading giant Axel Johnson also backed the company through its investment arm D-Ax.

Overall, Hedvig raised 100 million Swedish kronor ($10.4 million) from investors.

“Hedvig is harnessing its purpose, the power of AI, and its human-centered product to create a modern, full-stack insurance company … We at Obvious...

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