Jarowa successfully raises CHF 12.4 million Series A funding round to accelerate European expansion
Zug, Switzerland, 27 July 2022 – JAROWA is the leading Swiss digital marketplace and transaction platform for insurance companies, property managers, and leasing companies to manage their trusted service providers and digital orders more efficiently. JAROWA has successfully closed its Series A funding round, led by Eos Venture Partners, a strategic venture capital fund focused on InsurTech. The proceeds will be used to further expand JAROWA’s offering throughout Europe.
Andreas Akeret, JAROWA CEO, stated, “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 AG was founded in Zug, Switzerland in May 2017 and is a privately owned Swiss Tech company. JAROWA offers insurance companies, property managers, and leasing companies access to a digital marketplace within the areas of mobility, property & trades, healthcare, and legal advice. In case of damage, the claim is automatically assessed, and an appropriate and trusted service provider is selected and commissioned to handle the order. The settling of the claim is digitally processed end-to-end for all parties involved.
After reaching “market standard” status in its home market Switzerland, JAROWA successfully expanded into Germany, getting named by the German Handelsblatt as a potential future market leader in digitally connecting insurance companies with service providers. By the end of 2021, the healthcare marketplace was launched in the United Kingdom, followed by the entry into the Italian market in mid-2022. JAROWA is proud to count on an already large number of leading insurances, property managers and leasing companies as their valued clients.
To build on this success, JAROWA will expand further in Europe and the funding of CHF 12.4 million will be used to support this growth. In addition, more than CHF 3 million in secondary shares were placed with new investors in connection with the transaction. Eos Venture Partners, a leading venture capital fund within InsurTech, has led the round. The investors in the round also include moyreal holding AG together with Helvetic Trust AG and an entrepreneurial family office based in Zurich.
“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,” explains Carl Bauer-Schlichtegroll, General Partner at Eos Venture Partners.
Lilja Capital Advisory Partners acted as financial advisor to JAROWA in connection with the transaction.
For further information:
JAROWA AG Media Relations
Katherine Lee
Tel. +41 79 213 02 58
E-Mail: katherine.lee@jarowa.ch
JAROWA AG CFO/Investor Relations
Ernst Koch
Tel. +44 7732 554 502
E-Mail: ernst.koch@jarowa.co.uk
About JAROWA
JAROWA is a quickly growing, privately held Swiss Tech company with the mission to digitally connect trusted service provider communities with B2B clients. Since 2018 the company offers insurance companies, property managers and leasing companies access to a digital marketplace and transaction platform within the areas of mobility, property & trades, healthcare, and legal advice. The platform is set as the market standard in Switzerland and is expanding within Europe.
More information regarding JAROWA, and its solutions are available at www.jarowa.group
Eos Venture Partners Investment Director
James Tootell
E-Mail: james@eosventurepartners.com
About Eos Venture Partners
Eos Venture Partners is a strategic Venture Capital Fund, focused on InsurTech. The firm was founded in 2016 to bridge the “digital chasm” between InsurTech start-ups and traditional (re)insurance companies, with the idea of empowering entrepreneurs to shape the future of insurance across the globe. Eos invests in world-class InsurTech founders who are building solutions across the insurance value chain and adjacent verticals. The company’s aim is to positively impact 500 million lives over the next decade via its portfolio companies.
More information regarding Eos Venture Partners is available at www.eosventurepartners.com