Montreal-based insurtech Emma, who have grown 500% in just one year, have successfully raised $6m in its series A funding round, led by Luge Capital, Investissement Québec and Tactico, which should help fuel their continued expansion in to the Canadian market. They are also partnered with Humania Assurance, allowing them to build their own products with a renewed focus on inclusivity and accessibility. The mood is certainly buoyant from the investors. Luge Capital’s General Partner David Nault – “We love Emma’s modern approach to insurance and so do their customers. Their growth and reviews convinced us that they are onto something big.” 

This was in keeping with Liam Cheung, Tactico Founder who stated “The life insurance industry has been in need of disruption as the inefficient processes have not evolved in the same way as other financial services.” Rounding out the recent investment optimism was Guy LeBlanc, President and CEO of Investissement Québec. “Investissement Québec is proud to support Emma in this round of financing, which will allow the company to pursue its growth. This investment reflects our commitment to contribute to the development of promising young Québec companies in all regions by facilitating their access to capital and providing them with the assistance they need to achieve their objectives,”  

Company  Individuals
Investor Links https://www.luge.vc/  https://www.investquebec.com/quebec/fr  https://tactico.com/  https://www.linkedin.com/in/davidnault/  https://www.linkedin.com/in/guy-leblanc/  https://www.linkedin.com/in/liam-cheung-a621853/ 
Insurtech Links https://emma.ca/  https://www.linkedin.com/in/felixdeschatelets/ 

Source: https://www.globenewswire.com/en/news-release/2022/04/13/2422344/0/en/Montreal-insurtech-Emma-closes-6M-Series-A-round-solidifying-its-place-as-a-leader-in-the-Canadian-insurtech-industry.html 

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