Insurtech Hedvig collects € 10.3 million

The Swedish start-up for home insurance, Hedvig, has raised EUR 10.3 million from Obvious Ventures from San Francisco and the venture leg D-Ax from the Swedish retail group Axel Johnson.

The start-up has completed a SEK 100 million ($ 10.3 million) financing round to expand its current property insurance offering to a wider range of categories and the costly process of expanding its business to more countries outside of its own Home market to begin.

The company uses technology to automate …

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