Mila raises €10m in Series A
Mila just announced a €10m Series A raise to expand their range of insurance product. Mila is one of the rare insurance companies to be approved by the French banking and insurance regulator, Autorité de contrôle prudentiel et de résolution (ACPR), over the last 50 years.
Mila provides insurance products to real-estate professionals such as rent guarantee and tenant insurance. Tenant insurance is traditionally linked to poor service: a fragmented value chain, limited customer experience and complex products. Mila is leveraging technology to digitise processes enabling them to provide a much faster and efficient experience.