It took just 14 minutes for British insurtech start-up Hiro to smash its £1.2m crowdfunding target – making it one of the fastest-ever raises by an Insurtech.
The company reached its stretch goal of £1.5m in less than an hour.
In the first 24 hours, the Seedrs raise attracted more than 300 investors, who backed the company to grab a slice of the UK’s £175bn insurance market by offering personalised, flexible home insurance that harnesses smart technology to actively prevent damage to homes.
“We raised £1300 a second. It’s mind-blowing.” says Krystian Zajac, Hiro’s founder and CEO. “It reaffirms our belief that people are crying out for a new kind of insurance designed for today’s homes and how we live in them.”
Hiro is the brainchild of serial tech entrepreneur Krystian Zajac who previously founded the multi-award-winning insurtech Neos, which was subsequently acquired by the UK’s largest home insurer.
Hiro is now planning to launch to customers in early 2021.