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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!