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Announced

Completed

Eight Roads led a $110m Series B round in Leocare.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Digital Services

France

digital insurance platform

Completed

Cross Border

Minority

Acquisition

Private

Single Bidder

Private Equity

Friendly

Venture Capital

Synopsis

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Eight Roads led a $110m Series B round in Leocare, the first multiservice neo-insurance in France, with participation from Felix Capital, Ventech and Daphni. "The year 2021 marks a milestone in development for Leocare. We have succeeded in our bet: the digitization of services allows consumers to manage their guarantees themselves, in a simple, transparent and, above all, adjustable way and in line with each person’s daily life. We must go further with the ambition of quickly providing the French, and now Europeans, with a single insurance contract and free services for the whole household," Christophe Dandois, Leocare CEO.

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