Insoore plans to develop AI projects in damage detection, engage new talent and expand globally.

Italian insurtech startup that redesigns document collection and claims management processes, Insoore has raised €5.5 million funding. The round was led by Proximity Capital, with the participation of Lumen Ventures, Azimut Libera Impresa through Azimut Digitech Fund, GELLIFY, and some angel investors.

The funding will go a long way in helping the company develop AI projects in damage detection, engage new talent and expand globally.

Launched by the Rome-headquartered startup Whoosnap, Insoore is offering an alternative claims management model. The platform allows insurance and fleet management companies to digitise and accelerate processes while saving time and costs by providing companies with access to a community of users available to make certified video-photographic documentation.

Enrico Scianaro, CEO, Whoosnap, the company that owns Insoore said: “In just a few years, we have proved that the model can rewrite some rules of the sector.”

Antonio Assereto, founder, Proximity Capital added: “This transaction completes Insoore's consolidation and preparation process, which will lead the company into a new phase where teams and investors will be focused on a strong revenue growth.”