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Otherwise Insurance logo — S'assurer autrement. Ensemble.

Otherwise Insurance

S'assurer autrement. Ensemble.

Founded 2016 France France 5 employees Seed Total: $1.60M Insurance, Machine Learning

General Information

Company Name Otherwise Insurance
Founded Year 2016
Location France France +1
Employees 5
Industries Insurance, Machine Learning
Funding Stage Seed
Social

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About Otherwise Insurance

Otherwise is a French insurance startup with the slogan "S'assurer autrement. Ensemble." Founded in 2016, it operates in the insurance and machine learning industries, with headquarters in France. The company's unique selling point lies in being France's first collaborative (peer-to-peer) insurance broker. Its platform brings together individuals with similar insurance needs in a novel approach. Through behavioral analysis, community management, and machine learning, Otherwise empowers its members to significantly reduce their overall insurance costs. In its most recent funding round on 31 March 2017, Otherwise secured a €1.60M Seed Round investment from 360 Capital and Bpifrance. This investment signifies a vote of confidence from notable investors in the startup's innovative approach to insurance.

Taxonomy: Collaborative Insurance, Peer-to-Peer Insurance, Community Insurance, Equity, Financial Management, Risk Pooling, Behavioral Analysis, Community Management, Insurance Innovation, Policyholder Unity, Insurance Fund, Refund Policy, Financial Inclusion

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 2
Investor Investor
31 Mar 2017
Venture Round •••••• 1
Investor
01 Apr 2016
Non Equity Assistance •••••• 1
Investor
01 Feb 2016

Otherwise Insurance Alternatives & Competitors

Otherwise Insurance vs
Ooniq
Ooniq Lithuania

Ooniq is a P2P insurer where friends collectively protect their belongings and get cashback rewards.

Seed
2-10 employees
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Otherwise Insurance vs
Wemates
Wemates

Free the power of P2P insurance.

Otherwise Insurance vs
BlockRisk
BlockRisk United States

automated. Blockchain-based. Mutuals-driven. Peer to Peer Insurance Platform. Let's start the revolu...

3 employees

FAQ About Otherwise Insurance

S'assurer autrement. Ensemble.
Otherwise Insurance was founded in 2016.
Otherwise Insurance is headquartered in France.
Otherwise Insurance operates in the following industries: Insurance, Machine Learning.
Otherwise Insurance has approximately 5 employees.
Otherwise Insurance has completed 3 funding rounds, raising a total of $1.60M. The latest funding stage is Seed.
Top alternatives and competitors to Otherwise Insurance include Ooniq, Wemates, BlockRisk, MotoShare, Ontario Occupational Health Nurses Association (OOHNA). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Otherwise Insurance and Ooniq are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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