Elaia is an independent venture capital firm, focused on the digital economy and deep tech. With over €700m under management, Elaia invests in high-potential disruptive startups from the first financing rounds to the emergence of global leaders. With more than 75 years of cumulated experience in both venture capital and digital industries, the investment team offers close, proactive, and relevant support to its entrepreneurs. Elaia was founded in 2002 by Philippe Gire and Xavier Lazarus and is based in Paris, Ile-de-France, France.

Elaia

We back founders who are reimagining the world. We invest $1-10m early, in those building daring adventures across Europe.  Our partners have worked in leading Silicon Valley startups since the dawn of the Internet and have collectively amassed over 50 years in tech on both sides of the Atlantic. We are a small team of investors and startup operators who typically make just a small number of new investments per year, so every relationship matters. We appreciate that success is not built overnight; we are in it for the long haul. We are humble, curious, open and straightforward — having learned from both mistakes and successes. Read about our thesis-driven approach to investing and what you can expect when working with us on our website.

Mosaic Ventures

Indeez

Indeez is an insurtech company that provides income protection solutions for independent workers, gig workers, and freelancers. These include liability, work accidents, sick pay, and other everyday business interruptions experienced by platform workers. The company's customized programs are powered by Indeez proprietary technology, which enables platform workers to access affordable and usage-based protections via a single user-friendly interface. Platforms also benefit from Indeez's unique technology in order to have a simple and aggregated view of their multi-country programs and to manage community safety proactively. Indeez was founded in 2020 and is headquartered in Paris, France.

Paris-based Indeez specializes in developing insurance solutions for independent and gig economy workers. The company operates through a proprietary technology platform, partnering with digital communities like Uber and Deliveroo to provide micro-duration and micro-value insurance products.

Our Products

Indeez taps in $9.2 million to develop safety net for independent workers

Email Address & Phone Number

19 financial protection product for independent workers

Top 50 Early-Stage Insurtechs in Europe

Indeez exceeds expectations and raises $9.2 million in series A investment from Elaia and Mosaic Ventures to accelerate platform workers’ protections

Case Study

Insurtech Spotlight: Indeez

Simplifying the insurance experience for businesses using technology

InsurTech: Commercial Lines

Uber

To introduce Vehicle Interruption Cover (VIC), a digital insurance product for UK Uber drivers.

Startups offering insurance covering lost income and additional expenses incurred when a business is unable to operate due to covered perils such as fire, natural disasters, or other disruptions.

Allianz

Indeez, founded in 2020, is a Paris-based insurtech company that addresses the income protection needs of independent workers, including gig workers, freelancers, and temporary workers. The company offers a range of protection benefits such as liability coverage, work accident insurance, sick pay, and other protections for everyday business interruptions faced by platform workers. Indeez has developed innovative products like CoviSure, which provides income protection with simple cash benefits in case of Covid-19 infection. The company's customized programs are powered by proprietary technology that enables platform workers to access affordable and usage-based protections through a single intuitive interface. Platforms also benefit from Indeez's technology, gaining a simple view of their multi-country programs and the ability to proactively manage the safety of their communities. As of January 2022, Indeez had partnered with over 20 European platforms, including Deliveroo, Brigad, and Helpling, to protect their communities of independent workers.
Key customers and partnerships
Indeez operates under a B2B2C model, partnering with digital communities such as Uber and Deliveroo. The company has collaborated with global insurance company Chubb to launch CoviSure, a Covid-19 financial protection product for independent workers. Indeez had established partnerships with more than 20 European platforms to protect their communities of platform workers. Notable partnerships include those with Deliveroo, Brigad, and Helpling. The company's focus on serving the gig economy and independent workers has positioned it as a leader in providing tailored insurance solutions for this growing segment of the workforce.

Paris-based Indeez specializes in developing insurance solutions for independent and gig economy workers. The company operates through a proprietary technology platform, partnering with digital communities like Uber and Deliveroo to provide micro-duration and micro-value insurance products.The company offers income protection solutions for platform workers who face work interruptions. This includes coverage for injury, sickness, compassionate leave, and parental needs. The insurance provides financial support when workers cannot perform their duties, helping maintain income stability comparable to traditionally employed counterparts.Indeez's Vehicle Interruption Cover (VIC), developed with Allianz Partners, provides income protection for commercial drivers when their vehicles are off the road. The product is integrated directly into platform apps, such as the Uber driver app, and is available through a subscription model. When a driver's vehicle becomes immobilized and cannot work, the insurance provides financial compensation to bridge the income gap during the downtime. This coverage is part of a broader Partners Protection Programme, including additional benefits such as workplace accident coverage and sick pay.Key customers and partnerships&nbsp;In December 2024, Indeez partnered with Allianz Partners and Uber to launch&nbsp;<a href="https://sp-edge.com/updates/36821">Vehicle Interruption Cover (VIC)</a> for Uber drivers in the UK, integrating directly into the Uber driver app through Indeez's technology platform.In November 2021, Indeez formed a joint broking partnership with Willis Towers Watson (WTW) to distribute insurance products for independent workers on digital platforms in Asia-Pacific. The collaboration enabled Indeez to leverage WTW's local market network to build protection programs for gig workers in a region with an estimated 1.3 billion independent workers.

Next Insurance provides digital insurance solutions tailored specifically for small businesses. The company’s product offering includes a range of insurance policies, including general liability, professional liability, commercial auto, and workers’ compensation. The company leverages AI and machine learning to streamline the insurance process, claiming to process policy requests within 10 seconds. It incorporates factors such as risk level, location, and other business-specific factors to provide policy proposals.&nbsp;In March 2021, Next Insurance acquired AP Intego, a digital agency specializing in small business commercial insurance. The acquisition was intended to expand Next Insurance’s reach to more customers in new business classes. In December 2020, the company acquired Juniper Labs, a startup that automates underwriting for sellers insurance to small businesses, to expand its product offering.&nbsp;In October 2024, the company launched standalone&nbsp;<a href="https://sp-edge.com/updates/34864">professional liability coverage</a> for consultants, offering protection against risks such as errors and omissions, personal injury, and property damage. The coverage can be customized with options for extended reporting periods and prior acts coverage.Key customers and partnershipsAs of November 2023, Next Insurance reported around 500,000 active policyholders, spanning a diverse base of small businesses across various industries, from construction and retail to professional services and fitness.In March 2021, Next Insurance partnered with Amazon to offer insurance solutions to Amazon Prime Business members, providing tailored insurance coverage through the platform​​.&nbsp;In September 2023, Next Insurance partnered with Bold Penguin, an integrated digital solution platform that offers commercial insurance. Through this collaboration, independent insurance agents can access Next Insurance's tailored policies for small businesses, expanding the company's distribution channels.In November 2023, Next Insurance partnered with Allstate and Allianz X. The partnership with Allstate provided Next Insurance’s products to Allstate’s customers and collaborated on developing a new product for commercial auto insurance. The collaboration with Allianz X aimed to strengthen Next Insurance’s reinsurance relationship with Allianz X.In March 2024, it partnered with Tensorflight, a property intelligence platform, to leverage Tensorflight’s property data and risk models to enhance Next Insurance’s underwriting process.&nbsp;

Next Insurance

<div>
 
 Pie Insurance primarily provides workers' compensation to small businesses via an online platform. Pie Insurance uses data and analytics to offer tailored and cost-effective coverage. In addition, Pie Insurance offers commercial auto insurance and a range of supplementary services and products. These include a solution that combines workers' compensation with payroll processing, risk reduction programs, and employer-extended coverages. The company also provides access to an online library of safety training modules and a return-to-work program to facilitate the recovery and reintegration of injured employees.&nbsp;
 
 
 By May 2022, the company had increased its annualized run-rate premium to nearly USD 300 million.
 
 
 In 2023, Pie Insurance transitioned from a managing general agent to a full-stack insurance carrier after it acquired American Insurance Company.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Pie Insurance primarily serves small businesses across various sectors, including construction, healthcare, and retail. The company provides its insurance products directly and through partnerships with local, regional, and national insurance agencies. In 
 <a href="https://sp-edge.com/updates/31431">
 July 2024
 </a>
 , the company partnered with Ford to launch a usage-based offering as part of the &quot;Ford Pro Insure&quot; program, a commercial auto insurance solution designed for Ford Pro vehicle fleets.
 
 
 
 As of September 2022, the company had partnered with over 2,800 agencies nationwide. As of May 2024, Pie Insurance has expanded its coverage to 38 states and the District of Columbia.
 
</div>

Pie Insurance

<div>
 
 Embroker offers a range of insurance products, including directors and officers insurance, employment practices liability, cyber, professional liability, and more. Its digital platform allows businesses to obtain quotes, manage policies, and handle claims online. The company uses predictive, data-driven underwriting models to automate underwriting and improve the accuracy of risk assessment. It claims that its algorithmic-based risk management reduces premiums for businesses by up to 20%.&nbsp;
 
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 Embroker specifically catered to funded startups, tech companies, law firms, and consultants and served over 40,000 customers as of May 2024.&nbsp;
 
 
 In July 2023, the company announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a cyber insurance provider for SMEs. Embroker aimed to enhance customer security using Dashlane&rsquo;s cyber protection services and expand its cyber liability offering by providing Cowbell Cyber Insurance to existing and prospective customers.&nbsp;
 
 
 In November 2023, the company entered into a strategic partnership with Ascend, a provider of financial operations automation software for insurers. Through this partnership, Embroker aimed to leverage Ascend&rsquo;s technological capabilities to improve operational efficiency and optimize its risk management process.
 
 
 
</div>

Embroker

<div>
 
 Foresight Commercial Insurance (Foresight) focuses on providing workers' compensation insurance specifically designed for safety-critical industries, such as construction, manufacturing, agriculture, and landscaping. The company&rsquo;s approach leverages data-informed underwriting and safety engagement tools to offer tailored insurance solutions​. Foresight claims to differentiate itself through its proprietary safety technology platform, Safesite, which aims to reduce workplace incidents by promoting a culture of safety and proactive risk management. Through this, the company claims to have reduced claims frequency by 17% on average as of August 2023.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Foresight serves a range of mid-sized businesses, particularly those in high-risk industries.&nbsp;
 
 
 In July 2023, Foresight partnered with CLARA Analytics, a leading AI platform for claims optimization, to implement CLARA's Triage module. This integration allowed Foresight to proactively manage claims, accelerate claim cycles, and collaborate effectively with third-party administrators (TPAs) in the event of workplace injuries.
 
 
 In November 2023, the company entered into a strategic partnership with QBE North America, allowing Foresight to write policies on QBE's paper, thus extending its reach and capacity and allowing the company to expand into new product lines. 
 
</div>

Foresight Commercial Insurance

<div>
 
 INSHUR is a digital insurance provider offering vehicle insurance coverage for on-demand drivers such as Uber and delivery drivers across the US, UK, and the Netherlands. It also provides insurance for TLC (Taxi &amp; Limousine Commission) in the US and private-hire drivers. The company's platform allows drivers to quote, purchase, and renew their policies entirely online through INSHUR's website or mobile app, eliminating the need for paperwork or lengthy phone calls. The company's proprietary data modeling technology enables dynamic real-time pricing and personalized insurance solutions for on-demand drivers. INSHUR's insurance offerings are tailored specifically for the on-demand economy, providing flexible coverage options that adapt to drivers' lifestyles and driving habits.&nbsp;
 
 
 In April 2023, INSHUR acquired American Business Insurance Services (ABI) for an undisclosed amount as part of its growth strategy to expand and scale its operations in the US. The acquisition resulted in INSHUR gaining immediate access to over 50,000 commercial vehicles across all 50 states.&nbsp;
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 In 2017, INSHUR entered a capacity agreement with Munich Re and introduced INSHUR 2.0, which is a completely digital insurance product for mobile devices, enabling users to obtain quotes and purchase insurance seamlessly.
 
 
 INSHUR established strategic partnerships with industry leaders such as Uber, expanding its on-demand insurance offerings to support livery drivers in key markets like Arizona, following successful deployments in New York City.
 
</div>

INSHUR

Startups that offer insurance covering financial losses from claims of injury or damage caused by the business’s actions or products, including general, product, and professional liability.

Startups offering auto insurance and usage-based insurance products specifically tailored for businesses, including fleet operators.

Startups that provide coverage to protect physical property, including business buildings, inventory, and contents.

Startups that provide coverage for medical expenses and lost wages incurred by employees injured or falling ill while on the job.

Companies in the turnkey and value chain infrastructure segments operate under a B2B SaaS

Infrastructure segments provide AI/ML-based products for carriers to use

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 Allianz and Uber, in association with InsurTech broker Indeez, have launched the Vehicle Interruption Cover (VIC), a digital insurance product for Uber drivers in the UK. This cover falls under the Partners Protection Programme and can be accessed by Uber Pro drivers through a subscription on the Uber driver app.
 This insurance covers drivers' earnings lost when their vehicles are nonoperational. It also offers other benefits like workplace accident cover, medical coverage during injury, sick pay, and support during maternity and paternity leave.
 Allianz Partners and Uber's collaboration spans beyond the UK, covering Uber and Uber Eats partners in 23 European countries. They provide various compensatory payments for income lost due to accidents, injuries, and hospitalizations during trips.
 
</div>

Indeez

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless