Insurance start-up Neos has raised £5m ($6m) in series A funding and announced an underwriting deal with German reinsurance giant Munich Re. The smart-home insurtech firm won backing from Aviva Ventures in the funding round and also boasts former footballer Gary Lineker as an investor. In a statement, CEO Alex Zettler said: “Smart homes are becoming more popular than ever, but they can be complicated to install.
Insurance start-up Neos has raised £5m ($6m) in series A funding and announced an underwriting deal with German reinsurance giant Munich Re. The smart-home insurtech firm won backing from Aviva Ventures in the funding round and also boasts former footballer Gary Lineker as an investor. Neos uses monitors to protect homes against fire, water damage and theft.