Aviva-backed start-up Neos raises £5m for smart-home insurtech
Insurance start-up Neos has raised £5m ($6m) in series A funding and announced an underwriting deal with German reinsurance giant Munich Re. The smart-home insurtech firm won backing from Aviva Ventures in the funding round and also boasts former footballer Gary Lineker as an investor. Neos uses monitors to protect homes against fire, water damage and theft.

Connected home InsurTech start-up also signs underwriting capacity deal with Munich Re.

Connected home insurer Neos has secured a £5m series A investment led by Aviva Ventures and has also partnered with Munich Re.

The InsurTech start-up, which offers a home insurance product that uses smart home technology to proactively protect homes from fire, water damage and theft, stated that the investment would accelerate its growth.

The company was founded in 2015 by former MoreThan director Matt Poll and home automation expert Krystian Zajac.

Partnership

The start-up also noted that