Diesta, a London, UK-based insurtech startup that building a modern payment and data reconciliation engine for the global insurance industry, raised €1.8 million in seed funding.
The funding round involved several prominent international investors including Restive, SixThirty, Antler, SystemaNova, and Westerly Ventures.
Founded in 2018, Restive Ventures is a venture capital firm based in San Francisco, California. The firm seeks to invest in the financial technology companies.
SixThirty is a venture capital firm based in Saint Louis, Missouri. Founded in 2013, the firm seeks to invest in companies operating in wealth and asset management, payments, insurance, healthcare, core processing, cyber security, fraud and privacy, regulatory, and risk & compliance sectors.
Antler is a startup generator and early-stage venture capital firm seeking to invest in the technology sector. It is an early-stage investor backing technology companies globally. Founded in 2017 and is based in Singapore.
SystemaNova is an early-stage investor with the ability to follow on and support its founders in their journey. They invest in early-stage climate tech, fintech & healthtech startups.
Westerly Ventures is a venture capital firm. It is based in Delaware. Headquarters Location. Delaware, United States.
Diesta Use of Funds
The funding will be used to further product development and build scalability.
Founded in 2022 by Julian Schoemig and Christopher Davis, Diesta is developing payment software to modernize the flow of funds in the insurance industry. The company offers an easy-to-integrate platform that automates the reconciliation and distribution of insurance payments, enabling clients from the insurance industry to maintain full transparency, lower their administrative costs, make quicker payments, and thus increase their revenue.
Company: Diesta Ltd.
Round: Seed Round
Funding Month: November 2023
Investors: Restive, SixThirty, Antler, SystemaNova, and Westerly Ventures
Company Website: https://www.diesta.co.uk/
Software Category: Payment Software
Source: h https://www.eu-startups.com/2023/11/london-based-insurtech-diesta-raises-e1-8-million-to-streamline-processing-of-premium-payments/