# Flitter

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flitter

- Industry: Insurance
- Headquarters: Neuilly-sur-Seine, France
- Website: www.flitter.fr
- Total disclosed funding: $3.8M
- Latest round: Seed (Nov 6, 2023)
- Investors on record: 2

## About

Based in Paris, France, and founded in 2022 by CEO Jeremy Steinberg, CTO Arnaud Dumora, and COO Hajer Gorgi, Flitter SAS operates as a provider of insurance services for the car and automobile industries to improve the insurance process and provide support to policyholders. In November 2023, Flitter SAS raised EUR 3.5 million in seed funding led by Helvetia Venture Fund, with participation from Frenchfounders and individual investors.

Flitter SAS provides kilometer-based car insurance services for car users that allow policyholders to pay only for the distance they drive. The company offers car insurance services, support for zero-kilometer assistance, public liability, criminal defense and appeals, driver warranty, broken glass, theft, fire, explosion, storms and inclement weather, natural disasters, and damage in accidents. In addition, the firm provides users with options for a secondary driver, a replacement vehicle during the breakdown, judicial protection, and reimbursement of the purchase value of cars. 

The company generates revenue based on a subscription model and charges EUR 8 monthly for third-party formulas. The firm charges EUR 10 monthly for the comfort formula and EUR 20 monthly for the all-risk formula. Flitter SAS also generates revenue from replacement vehicle charges, juridic protection charges, and purchase value support in the range of EUR 1 to EUR 3 monthly.

Flitter SAS plans to use the November 2023 funding to expand its team and ramp up its operations.

## Funding rounds

- Seed, Nov 6, 2023, $3.8M — Helvetia Group Venture Fund, FrenchFounders

## Investors

- Helvetia Group Venture Fund (https://capitalatlas.ai/funds/helvetia-group-venture-fund) — Seed
- FrenchFounders — Seed