Maltese insurtech firm raises $2.3m ahead of UK launch
Malta-based insurtech start-up Sherpa has raised $2.3m in funding from investors including Mehrdad Piroozram. Sherpa is developing a platform that offers a personalised insurance account for connected consumers covering all personal risks, as well as a solution for personal risk management, set to be released in the UK later this year. The company plans to use the additional funding to expand its team and invest further in proprietary intellectual property.
Sherpa, a Naxxar, Malta-based insurtech startup, raised $2.3m in funding.

Backers included Mehrdad Piroozram, and other unnamed angel investors.

The company intends to use the funds to expand the team and invest further in proprietary IP.

Led by Chris Kaye, CEO, Greg McCafferty, CFO, and Lachlan Gillies, COO, Sherpa is building an interface that offers a single personalized insurance account for connected consumers covering all their personal risks coupled with a solution for personal risk management.

The solution will be launched in the UK later this year.

FinSMEs

28/08/2017