# Ensuro Pte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ensuro-pte

- Industry: Insurance
- Headquarters: Singapore
- Website: www.ensuro.co
- Latest round: Seed (Jun 30, 2021)
- Investors on record: 2

## About

Based in Singapore, Ensuro Pte Ltd is an innovative insurance technology company that offers advanced insurance solutions utilizing blockchain integration to meet diverse client needs.Ensuro Pte Ltd specializes in providing innovative insurance solutions. Founded in 2010 in Singapore, the company has undergone strategic pivots to enhance its product offerings. The firm was co-founded by Gian Della Torre, Guillermo Narvaja, and Marco Mirabella, who also serves as CEO. As of June 2021, Ensuro successfully raised seed funding from new investors SOSV and Chinaccelerator. The company operates from its headquarters in Singapore.Ensuro offers a suite of innovative insurance products tailored to meet various client needs through advanced technology and blockchain integration. Key offerings include Koala Flex, a travel insurance solution allowing customers to cancel bookings for any reason with an 80% refund. Another significant product is ResilientGrowth, leveraging smart contracts and parametric insurance to help Kenyan farmers mitigate climate-related risks. Collaborations with partners like Spot and Revo facilitate CFAR (Cancel for Any Reason) insurance in the U.S. and parametric insurance for SMEs in Italy to safeguard against adverse weather impacts.In 2023, Ensuro generated revenue of USD 251,004, with an EBITDA of USD 25,390. The company's revenue model focuses on partnerships with travel agencies and businesses that integrate Ensuro's insurance solutions into their offerings, fostering a symbiotic relationship that enhances customer experience and generates income.Ensuro intends to leverage its most recent funding round from June 2021 to expand its product offerings and enter new markets. The company is currently designing additional insurance products tailored to emerging market needs. Specific geographic regions targeted for expansion include new areas in Europe and Africa, with goals set for mid-2024. Ensuro’s recent funding will support these initiatives by enhancing product development and market entry efforts.

## Funding rounds

- Seed, Jun 30, 2021 — SOSV, Orbit Ventures

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Orbit Ventures (https://capitalatlas.ai/funds/orbit-ventures) — Seed