Thursday, May 6, 2021

BV4 advises Calingo on its Pre-Seed fundraising

History of Calingo

Calingo Insurance AG was founded in 2020 by Anina Lutz, Daniel Litscher, Marlo Hug and Walter Rasa who all held various positions in insurance companies before. The team is building an innovative B2B2C insurance model that uses customer data at the point of sales to offer personalized insurance products. Besides closing first partnerships with distribution partners such as Tend AG, the startup can also rely on Swiss Re and UNIQA Liechtenstein as risk carriers. To enter the market and get traction, the team is currently working on its first products and market launch is planned for this summer.

Transaction summary

BV4 acted as an independent fundraising advisor to Calingo for its pre-seed funding round. The deal amounted to CHF 830'000 and was structured as a convertible loan agreement. The financing round received large and broad interest from private venture investors with various backgrounds. UNIQA Liechtenstein also participated in this investment round and emphasized its commitment to the partnership with Calingo through its investment.

Credentials

More on the collaboration between Calingo and BV4:

"We worked very successfully together with BV4 to prepare our pre-seed financing round of CHF 830k. The deal team of BV4 with their broad startup expertise was important to optimize our data room and close our first larger funding round. Based on BV4’s advice we have also received more insights into our valuation and we could define the appropriate fundraising strategy. The collaboration with BV4 clearly helped us to successfully close the round and plan for the coming market launch."

Anina Lutz, co-founder and CEO