Kayna, a Cork, Ireland-based embedded insurance infrastructure platform, closed a €1 million pre-seed funding.
SaaS Investors
The round was co-led by Delta Partners and MiddleGame Ventures, with participation from Aperture and InsurTech Fund.
Delta Partners is a venture capital firm that invests in early-stage startups in Ireland. For over 30 years, Delta Partners has been supporting entrepreneurs to build great businesses. Having invested in over 120 companies with exits generating €1.8 billion, Today, the Delta team is investing in early-stage Irish companies across a range of sectors.
MiddleGame Ventures is an early-stage venture capital firm backing world-class fintech entrepreneurs from Seed through Series B. The firm invests in and partners with exceptional European entrepreneurs who are re-architecting and digitizing financial services. They are on the cusp of the next wave of financial services innovation, moving from automation tools and electronic infrastructure to fully digital financial services and assets.
Kayna Use of Funds
The funding will support Kayna's expansion efforts in the UK and US markets.
About Kayna
Founded in 2021 by Paul Prendergast and Peter Bermingham,A Kayna operates in the embedded insurance space, providing technology and data orchestration between insurance carriers, brokers, and various vertical software-as-a-service (SaaS) platforms. The company is a Lloyd's Lab Accelerator Programme Cohort 9 alumnus and winner of the 2023 InsurTech NY's Carrier/Broker Competition for Global Early-Stage Insurtech. Kayna operates across platforms that serve millions of people and businesses worldwide, ranging from field services, fintech and retail, to personal care and wellness.
Funding Details
Company: Kayna Innovation Limited
Raised: €1.0M
Round: Pre-Seed Round
Funding Month: September 2023
Lead Investors: Delta Partners and MiddleGame Ventures
Additional Investors: Aperture and InsurTech Fund
Company Website: https://kayna.io/
Software Category: Embedded Insurance Infrastructure Platform
Source: https://www.prnewswire.com/news-releases/kayna-the-insurtech-set-to-revolutionize-small-business-insurance-raises-1-million-301932181.html