Evy
Product protection made simple for e-commerce and retailers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
* | €6.5m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 72 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Evy is a French company that offers product protection services for merchants in the e-commerce and fintech sectors. The company provides a turnkey solution that can be integrated into a merchant's existing sales channels, allowing customers to insure products they purchase.
Evy's business model is B2B2C, where it partners with retailers to offer insurance to the end consumer. The company makes money by taking a commission on the insurance policies sold. The company partners with Wakam to cover the risk.
Founded in 2022, the company has raised €6.5 million in a seed round from investors including Sequoia, La Famiglia, and Kima Ventures. The company plans to use the funding to expand its operations in Europe, including a UK launch.
Keywords: Insurtech, Product protection, Extended warranty, E-commerce, Fintech, B2B2C, Embedded insurance, Affinity insurance, French tech, Seed stage