Deal: beesure_
Intro request: Interested to get in touch with founders
Overview
beesure_ offers embedded insurance solutions. Expansion from Baltics to Poland, first distribution partner launched - Loando. In talks to become Embedded Insurance technology provider for AXA in Finland. Currently launched operations Poland. Company generating ca.25kā¬ in revenue monthly.
Backstory
This is the team fff.vc met during TechChill event and last week, it was featured in the āNon-Vettedā deals category. Since then, deal received quite some interest and we can confirm that the first part of the allocation has been now filled by a Lithuanian VC.
fff.vc did not dive deep due to lack of fit, stage-wise, but had a good feeling about the founder during the meeting. After a brief validation with industry experts, it seems this might not be an ideal VC case but potentially a stable, profitable business if execution is right.
Concern would be lack of super-big names in the industry at whole and perhaps the not ideal start for the given business from the Baltic states.
Key info
Founders: Augustinas Zilinskas (CBDO & Co-founder) / Egidijus Kazlauskas (CEO & Co-founder)
Round size: 500kā¬ / Seed
Available allocation: 250kā¬
Participating Investors: FIRSTPICK