Delta Partners leads €1.5 million investment in Kayna
We are delighted to support Kayna on their journey to redefine how SMEs access insurance through vertical SaaS platforms.
Kayna, the award-winning embedded insurance infrastructure platform, has closed a €1.5 million (US$1.7 million) seed funding round. Led by original pre-seed investor Delta Partners (Ireland) with ongoing support from MiddleGame Ventures (pan-European) and from Aperture (Switzerland), the company welcomes three new investors in this latest round with Leo Capital (Finland and Singapore), Enterprise Ireland and Digital Irish coming on board as the company moves ahead with major market development plans for the United Kingdom and United States.
Maurice Roche, General Partner at Delta Partners said, “Kayna has achieved each strategic goal to date and is now ready to scale. We’re proud of the solid, productive relationship we have built together supporting Kayna as it delivers new revenue streams for platforms, data-led insurance for small businesses and a step-change in insurance product distribution.”
Kayna helps business software companies add insurance to their platforms in a simple, seamless way. Vertical SaaS (VSaaS) platforms are built for specific types of small businesses, such as franchise networks, restaurants, construction firms and field service companies, to support the running of their day-to-day operations. Kayna provides the AI policy analysis tool that uncovers insurance gaps together with the orchestration technology that enables VSaaS platforms to access multiple insurance carriers and brokers, making it possible for small businesses to close their risk exposure, gain data-led quotes and fully tailored insurance cover directly through the platform they use every day.
The global vertical SaaS market consists of specialised software platforms built for specific industries and used by millions of businesses around the world. Embedded insurance is forecast to account for 16pc of the global insurance market, worth US$1.5 trillion, within a decade.
Huge congrats to Paul Prendergast, Peter Bermingham and the whole Kayna team on this next chapter – we’re excited to back the mission and to keep building together 🚀
Read all about it here.
