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Eusoh announces $1.3M raise
by Startacus Admin
Innovative startup Eusoh reveals it has successfully closed a $1.3M round led by Insurtech Gateway alongside Sure Ventures
2021 is set to be a fab year for Eusoh with the news that they have secured major funding to assist with their further growth and development.
Eusoh was founded in 2017 by Allen Kamrava, M.D., MBA with a vision for organizing the power of community to provide a better, more affordable way for people to manage and share the unexpected expenses of life.
The company provides a radical new model that offers customers the same protection as best in class insurance products, but at a game changing price discount that is sustainable.
Since its launch into the US pet market, Eusoh has been able to demonstrate 50% savings for customers in their first year. It is now building out a digital distribution plan with some of the leading pet and pet health brands.
Behind this new paradigm is a revolutionary approach to managing risk through community loss-pooling, a lighter capital structure, and significant changes in customer behaviour. And not least, the unlocking of novel channels of distribution.
Allen Kamrava, Eusoh Founder & CEO commented “We are working towards our goal of revolutionizing how we protect one another. First with petcare. Next with healthcare.”
Stephen Brittain, co-founder of Insurtech Gateway commented, “Many insurance categories are locked in price wars that they cannot sustain. Eusoh has the potential to be the next paradigm. The impact this could have, not only of the pet sector, but on healthcare and other critical areas of insurance is significant. We are very excited to be backing Allen and his team, as they build traction.”
Eusoh is most certainly an innovative startup worth keeping an eye on!
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Published on: 1st February 2021
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