In an effort to bolster its insurance technology offerings, Paris-based Seyna has successfully raised €10 million in a funding round led by La Banque Postale’s investment fund, 115K. This capital injection aims to fuel Seyna’s expansion across various segments within the InsurTech landscape, characterized by its focus on operational efficiency and innovative insurance products for brokers. As the company eyes further international growth, its presence extends to Germany, Spain, and Poland, underpinning its commitment to delivering tailored insurance solutions. With the latest funding round, Seyna’s cumulative financial backing now totals €57 million, reflecting increasing investor confidence in its growth strategy.
In earlier fundraising efforts, Seyna garnered substantial financial support from firms like White Star Capital and Elaia, highlighting its sustained appeal within the investment community. Initially securing approval from the French Prudential Supervision and Resolution Authority (ACPR) in 2019, Seyna’s approach blends advanced technology with responsive support tailored to brokers’ needs. This unique combination has attracted a network of over 100 broker partners, illustrating its salient role in reshaping broker operations. As investment trends in InsurTech continue to evolve, Seyna remains poised to harness new opportunities in product development and service customization.
How will the new funds be utilized?
The newly acquired funds will support three primary areas. Initially, Seyna intends to enhance its broker-focused initiatives by advancing its Horizon 2027 strategy. Emphasizing vertical consolidation, it also plans to forge ahead with international expansion, buoyed by its existing foothold in key European markets. Further capital allocation will focus on bolstering resilience and improving profit margins.
What are the key advancements in technology?
With a strong orientation towards technology and artificial intelligence, Seyna seeks to refine broker operations distinctively. Notable advancements in AI are projected to streamline data processing, pricing, and legal workflows, leading to more efficient service provision. By automating portfolio monitoring and related functions, Seyna aims to maintain and surpass existing service standards while accommodating expanding broker demands. “We are building a real insurer, just like our peers, under the same constraints. However, by embedding technology and generative AI, we’re able to automate operations such as portfolio monitoring that others still handle manually,” stated Jean Nicolini, CFO & CRO.
Seyna’s recent achievements underscore its capacity for growth, with Gross Written Premiums surpassing €91 million since 2024. The company predicts further momentum, estimating premiums to exceed €125 million by 2025 based on current trends. The surge in demand highlights market validation of Seyna’s value proposition, where tailored, technology-driven solutions present competitive differentiation in the insurance sector. “This acceleration confirms that the market believes in Seyna’s value proposition,” added CEO Stephen Leguillon.
Founded in 2019, Seyna’s mission is to equip brokers with effective tools throughout the insurance product lifecycle. By offering a spectrum of supportive resources from product development to customer and compliance management, Seyna fosters a scalable model applicable across diverse insurance portfolios.
The funding boost is not a newfound sprint but rather a continuation of a dedicated strategy to maintain profitability while scaling operations. By ensuring robust infrastructure, Seyna positions itself as a long-term partner for brokers navigating the complexities of insurance provisioning.
