Business
Envestors leads ComparaFinanza fundraising
Envestors leads ComparaFinanza fundraising.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 8162C Braveheart Investment Group plc 22 April 2013 \n \n\n22 April 2013\n \nEnvestors-led funding keeps ComparaFinanza.it\nahead in the insurance price-site market \n \nEnvestors Limited, the award-winning private investor network dedicated to helping investors source dynamic companies in need of growth capital, has led a €5.3 million equity fundraising for ComparaFinanza.it (\"ComparaFinanza\" or the \"Company\"), the fast-growing insurance price comparison website serving the Italian market. Of the total, €1.34 million was raised from the Envestors network. \n \nFounded in 2010 and with its headquarters in London, ComparaFinanza (www.comparafinanza.it) is the only aggregator for insurance and financial products that is free, independent and regulated by both the Association for the Supervision of Insurance ('IVASS') in Italy and the Financial Conduct Authority ('FCA') in the UK. With its operational hub in Rome, the Company benefits from rapidly rising e-commerce traffic and a market that is undeveloped relative to the UK. ComparaFinanza has also begun comparing and selling personal loans and mortgages and is currently expanding into credit cards and bank accounts.\n \nEnvestors is a wholly owned subsidiary of Braveheart Investment Group plc (BRH), the AIM-listed investment management group specialising in venture capital investments and investment services to business angels, high net worth individuals, family offices and public sector organisations.\n \nParticipants in the fundraising include several insurance industry entrepreneurs, among them Grahame Chilton, former CEO of Benfield Group PLC, Chairman of Capsicum Private Office LLP and Non-Executive Chairman of Aon Holdings Limited, and Rupert Lowe, Chairman of Torus Insurance (UK) Limited and of the stockbroker W H Ireland Group plc.\n \nWorking with key partners such as Direct Line, AXA Direct, Admiral, Allianz Direct and ACE, ComparaFinanza is well positioned to both drive and benefit from industry transformation.\n \nComparaFinanza has built a powerful competitive position through a combination of an attractive, addressable market, entry timing, its lowest-price algorithm, cross-selling contact database and its agent network platform. The Company has achieved several significant milestones:\n \n•&nbs...