Synch has assisted the Swedish insurance-tech company Insurely in its recent financing round of EUR 8 million, corresponding to MSEK 90, with, among others, Swedish venture capital firm CNI as a new investor in the company.
Synch has assisted Insurely AB, the company operating under the Insurely brand, in its recent capital raise of EUR 8 million from Swedish and international investors. The new investor is the Swedish venture capital firm CNI while existing investors such as Insight Partners, Opera Tech Ventures, and SEB also participated in the financing round. The financing was executed through a contractual convertible loan, with the possibility for the investors to convert the loan into shares at a later stage.
Insurely’s open finance platform gives banks and insurers access to relevant insurance and pension data. Users include SEB, Avanza, ICA Försäkring, Lassie, and Hedvig and the company is now facing an international expansion.
“Synch's participation has been one of the key factors for us to reach the goal of the negotiations and the process around the new investment The team at Synch has worked quickly, efficiently, and professionally in every iteration with us and our new owners, and we are happy to work with them in this transaction”, says Martin Einemo, CEO and co-founder of Insurely.
Synch is an international law firm, focusing on digital business and technology. Synch is offering a flexible delivery model where Digital services complement the firm’s Advisory Services, Projects & Transaction services as well as its Managed services. Synchs Projects & Transactions group specializes in private and public M&A, venture capital investments, and financing, especially in relation to technology.
Synch offers legal services in four business areas - Advisory Services, Project & Transactional Services, Managed Services, and Digital Services.
Synch’s team consisted of Andreas Börjesson and Emma Lundberg.
Synch is a business-oriented law firm with innovation and technology at its heart. Our mission is to bring calm to any legal question, no matter the challenge. We do this by providing advisory services and packaged solutions that make the best use of technology. With true passion and dedication, we help our clients on their entire journey – from start to exit and beyond.
