Alma Mundi Ventures

Mundi Ventures, founded in 2015 and headquartered in Madrid, Spain, is a venture capital firm managing three funds totaling over €170 million. The first two funds are vertical agnostic, focusing on B2B deep-tech investments, with funding amounts ranging from €1 million to €5 million per deal. The third fund specializes in InsurTech, concentrating on European startups and investing between €1 million and €7 million in Series A, B, and C funding rounds. Mundi Ventures invests across various sectors, including financial services, healthcare, information technology, cybersecurity, big data, artificial intelligence, and machine learning. The firm maintains an operational presence in Barcelona, London, and Seattle, and enhances its portfolio companies' growth by leveraging a global network known as the "Mundi Club," which consists of nearly 700 executives across more than 40 cities worldwide.
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Past deals in Motor Insurance

Urban Jungle

Venture Round in 2024
Urban Jungle, established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its innovative platform offers a comprehensive home insurance policy that covers deposits, shared possessions, and emergency expenses, with features allowing housemates to split bills and update names as needed. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Element

Venture Round in 2024
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in March 2017. The company specializes in creating white-label insurance products and is recognized as a leader in insurance digitalization. Licensed by the German Federal Financial Supervisory Authority, ELEMENT operates as a direct insurer for non-life insurance across 28 European countries, allowing it to manage risks and settle claims directly. ELEMENT's innovative technology platform, referred to as 'Insurance as a Platform,' supports a B2B2X model, enabling various partners—from e-commerce businesses to traditional insurers—to develop and market customized insurance solutions under their own brands. The platform streamlines the insurance value chain, addressing key functions such as actuarial calculations, underwriting, policy administration, customer service, and claims management, thereby enhancing efficiency and reducing complications within the industry.

Kinsu

Convertible Note in 2023
Kinsu is an insurance agency that aims to simplify the process of purchasing insurance and increase financial inclusion. By offering a range of products including car, medical, home, life, and retirement insurance, Kinsu addresses the protection gap and strives to reduce acquisition costs for its clients. The company focuses on providing clear explanations of insurance options, thereby enabling clients to navigate the complexities of insurance purchasing more easily. Through its innovative distribution model, Kinsu seeks to save clients time and money while removing the obstacles typically associated with acquiring insurance coverage.

Element

Series B in 2022
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in March 2017. The company specializes in creating white-label insurance products and is recognized as a leader in insurance digitalization. Licensed by the German Federal Financial Supervisory Authority, ELEMENT operates as a direct insurer for non-life insurance across 28 European countries, allowing it to manage risks and settle claims directly. ELEMENT's innovative technology platform, referred to as 'Insurance as a Platform,' supports a B2B2X model, enabling various partners—from e-commerce businesses to traditional insurers—to develop and market customized insurance solutions under their own brands. The platform streamlines the insurance value chain, addressing key functions such as actuarial calculations, underwriting, policy administration, customer service, and claims management, thereby enhancing efficiency and reducing complications within the industry.

Kinsu

Pre Seed Round in 2021
Kinsu is an insurance agency that aims to simplify the process of purchasing insurance and increase financial inclusion. By offering a range of products including car, medical, home, life, and retirement insurance, Kinsu addresses the protection gap and strives to reduce acquisition costs for its clients. The company focuses on providing clear explanations of insurance options, thereby enabling clients to navigate the complexities of insurance purchasing more easily. Through its innovative distribution model, Kinsu seeks to save clients time and money while removing the obstacles typically associated with acquiring insurance coverage.

Element

Funding Round in 2021
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in March 2017. The company specializes in creating white-label insurance products and is recognized as a leader in insurance digitalization. Licensed by the German Federal Financial Supervisory Authority, ELEMENT operates as a direct insurer for non-life insurance across 28 European countries, allowing it to manage risks and settle claims directly. ELEMENT's innovative technology platform, referred to as 'Insurance as a Platform,' supports a B2B2X model, enabling various partners—from e-commerce businesses to traditional insurers—to develop and market customized insurance solutions under their own brands. The platform streamlines the insurance value chain, addressing key functions such as actuarial calculations, underwriting, policy administration, customer service, and claims management, thereby enhancing efficiency and reducing complications within the industry.

Urban Jungle

Series A in 2021
Urban Jungle, established in 2016 and headquartered in London, specializes in providing insurance solutions tailored for urban renters and sharers. Its innovative platform offers a comprehensive home insurance policy that covers deposits, shared possessions, and emergency expenses, with features allowing housemates to split bills and update names as needed. This tech-driven approach aims to make home insurance more accessible and affordable for young professionals.

Fixico

Venture Round in 2019
Fixico operates a digital platform that handles car damage repairs for drivers, insurers and fleet owners. The marketplace provides visibility into repair costs and connects users to an affiliate network of repair services, enabling them to obtain, compare and select competitive repair offers. Active in the Netherlands, Belgium and Germany, Fixico works with about 2,000 repair shops and has processed more than 200,000 damages to date. The service aims to streamline the damage repair process, shorten cycle times and improve customer satisfaction across consumer and business segments.

Element

Series A in 2018
ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in March 2017. The company specializes in creating white-label insurance products and is recognized as a leader in insurance digitalization. Licensed by the German Federal Financial Supervisory Authority, ELEMENT operates as a direct insurer for non-life insurance across 28 European countries, allowing it to manage risks and settle claims directly. ELEMENT's innovative technology platform, referred to as 'Insurance as a Platform,' supports a B2B2X model, enabling various partners—from e-commerce businesses to traditional insurers—to develop and market customized insurance solutions under their own brands. The platform streamlines the insurance value chain, addressing key functions such as actuarial calculations, underwriting, policy administration, customer service, and claims management, thereby enhancing efficiency and reducing complications within the industry.

Kinsu

Kinsu is an insurance agency that aims to simplify the process of purchasing insurance and increase financial inclusion. By offering a range of products including car, medical, home, life, and retirement insurance, Kinsu addresses the protection gap and strives to reduce acquisition costs for its clients. The company focuses on providing clear explanations of insurance options, thereby enabling clients to navigate the complexities of insurance purchasing more easily. Through its innovative distribution model, Kinsu seeks to save clients time and money while removing the obstacles typically associated with acquiring insurance coverage.
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