# Yolo Group SRL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yolo-group

- Industry: Insurance
- Headquarters: Milan, Italy
- Website: www.yolo-insurance.com
- Total disclosed funding: $6.9M
- Latest round: Series A (Jan 31, 2019)
- Investors on record: 5

## About

Yolo Group SRL is an Italian insurance company that offers an extensive range of digital insurance products and services tailored for individuals and businesses, enhancing accessibility and customer experience through a fully online platform.Founded in 2017 in Milan, Italy, Yolo Group SRL specializes in providing digital insurance solutions. The company has raised a total of EUR 3.00 mn in funding, with its most recent funding round occurring on July 13, 2020. The funding was co-led by Intesa Sanpaolo Vita and included contributions from multiple investors like Banca di Piacenza and Neva SGR. Gianluca de Cobelli, who has experience in the insurance sector, is the CEO and co-founder, alongside Simone Brandimarte and others.Yolo provides a comprehensive suite of insurance products and services designed to meet the diverse needs of both individuals and enterprises. Their core offerings include a range of insurance solutions such as home and family protection, health insurance, travel and mobility coverage, as well as specific products for businesses like legal protection for SMEs and cyber insurance. Yolo’s innovative platform enables customers to obtain quotes and purchase policies online, streamlining the process through a fully digital interface. Their services cater to various sectors including insurance companies, financial services, telecommunications, utilities, e-commerce, and transportation, thus addressing the unique requirements of each market segment. Yolo operates primarily in Italy, with expansion efforts aimed at enhancing their digital distribution capabilities across Europe.Yolo generated revenue of EUR 792,954.80 in the most recent year, 2023, with an EBITDA of EUR 22,888.30. The company generates revenue through a combination of direct-to-consumer sales and partnerships with insurance companies and other financial institutions. The revenue model is structured around subscriptions and one-time purchases of insurance products, with pricing plans starting from EUR 21.09 per month for standard coverage options like multi-risk insurance. For businesses, Yolo provides tailored solutions that allow for seamless integration with existing systems, thereby facilitating efficient operations and customer engagement. The company’s emphasis on user experience and technology-driven solutions supports its revenue generation, as it attracts a growing client base looking for flexible and accessible insurance options.Yolo Group SRL plans to leverage the EUR 3.00 mn raised in the recent funding round to consolidate its position in Italy and expand into Spain. The funding will support the launch of new insurance products tailored to market demands and enhance their digital distribution capabilities across Europe. The company aims to implement these initiatives by the end of 2021, focusing on increasing market share and improving customer accessibility to their services.

## Funding rounds

- Series A, Jan 31, 2019, $5.7M — Primo Capital, Neva, Miro Ventures, Net Insurance S.p.A
- Seed, Oct 24, 2017, $1.2M — Primo Capital, Mansutti S.p.A., Miro Ventures

## Investors

- Primo Capital (https://capitalatlas.ai/funds/primo-capital) — Seed, Series A
- Mansutti S.p.A. — Seed
- Miro Ventures (https://capitalatlas.ai/funds/miro-ventures) — Seed, Series A
- Neva (https://capitalatlas.ai/funds/neva) — Series A
- Net Insurance S.p.A — Series A