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.

CBien, a French insurtech startup, raised €8m in a second funding round.

Backers included existing investors MAIF, MACIF and 5M Ventures.

The company intends to use the funds to increase its reach in France, and internationally (Germany and the United Kingdom first), and continue to develop the platform.

Created in December 2013 by David Gascoin and Pierre Delage, CBien provides a digital asset management platform to secure, estimate and manage personal belongings such as a laptop, a smartphone, a bicycle, etc.

People can make a free inventory of their items, sell, rent, share and protect them in a few clicks.

The company has Paris, Nantes and Hamburg.

FinSMEs

11/05/2017