Start-up CBien raises €8m to build insurance into asset value app
Insurtech start-up CBien, which operates an app that enables customers to value their possessions in order to share or rent them, has raised a further €8m in a second funding round, bringing the total raised so far to €9.4m. The French company, which launched in 2013, will use the proceeds to incorporate insurance services into its app and to expand overseas into the UK and Germany.

French startup CBien has raised €8 million from the Macif Group, Maif and the 5M Ventures Fund. This brings the total capital raised by the company to €9.4 million.

Launched in 2013 and founded by David Gascoin and Pierre Delage, the startup is a digital management platform for objects, which allows users to register and manage everything they own on a secure account. The platform allows users to make a complete inventory of their furniture, electronic equipment, books and many other items. This helps users to keep track of their belongings in case they need to be reimbursed because of a burglary or a natural disaster. It can also help users to estimate the value of their assets for resale.

With the investment, CBien says it wants to integrate insurance services into its application, and continue to improve the technology on its platform. The startup also plans to develop new partnerships abroad, especially in the UK and Germany.

Read more: Maddyness (French)