Paris-Based Little John Raises €1.1M Pre-Seed Funding to Transform Insurance Brokerage with Generative AI.
𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗠𝗶𝗹𝗲𝘀𝘁𝗼𝗻𝗲
Freshly launched in 2024, Paris-based Little John has secured €1.1 million in pre-seed funding. The round was led by FEBE Ventures, Vessoa Private Equity, and neo-insurer Leocare, alongside prominent angel investors including Didier Valet (General Partner at Varsity) and UK investor Mark Ransford.
CEO Olivier Legrand shared the company’s vision:
- “Independent brokers are the future of business insurance. Generative AI offers a concrete answer to help them evolve, remain competitive, and strengthen client relationships. This funding is a key step in our mission to bring GenAI to the core of services brokers deliver to corporates.”
𝗥𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝗶𝘇𝗶𝗻𝗴 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗕𝗿𝗼𝗸𝗲𝗿𝗮𝗴𝗲 𝘄𝗶𝘁𝗵 𝗔𝗜
Little John’s mission is to empower independent brokers amidst Europe’s €1.5 trillion insurance market, which is facing increasing complexity and regulatory pressures.
𝗨𝗽𝗰𝗼𝗺𝗶𝗻𝗴 𝗔𝗜-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀
Launching in Spring 2025, their first GenAI-powered tool will:
- Automate data extraction and analysis from emails and documents.
Create tailored insurer presentation notes.
- Early testers, dubbed the “Sherwood community,” will gain beta access in February 2025. This group of partner brokers will provide crucial feedback to refine the platform.
𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝗧𝗲𝗮𝗺
The startup brings together insurance and tech veterans:
Olivier Legrand, CEO: Former COO of Brevo and CEO of LinkedIn Asia Pacific.
Grégoire Rastoul, Co-founder: Insurance entrepreneur and former COO at Leocare.
Pierre Sigwalt, CTO: Tech expert specializing in insurance solutions.
Renaud de Pressigny, Senior Advisor: Over 40 years of leadership experience at Marsh and AON.
𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗨𝘀𝗲 𝗼𝗳 𝗙𝘂𝗻𝗱𝗶𝗻𝗴
- Product Development: Build advanced GenAI tools tailored for brokers.
- Broker Network: Foster collaboration among brokers to enhance competitiveness and share knowledge.
𝗟𝗶𝘁𝘁𝗹𝗲 𝗝𝗼𝗵𝗻’𝘀 𝗩𝗶𝘀𝗶𝗼𝗻
Focused on empowering brokers serving TPEs, SMEs, and mid-sized companies (ETIs), Little John aims to ensure these intermediaries remain the preferred choice in business insurance.
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