Setoo Raises $9.3 Million for Insurance Innovation: Travel Startup Funding This Week

Source: Travel News

Argus Factory

Noam Shapira, co-founder and co-CEO of Setoo, shown here speaking at the Argus Factory event on insurance industry innovation in Paris in July 2018. Setoo announced a seed funding round this week. Argus Factory

Skift Take: Setoo is helping to pioneer a wave of customized protection products, such as letting travelers buy coverage to get money back if there's not enough snow during a ski trip. The new products could provide more upselling opportunities for travel suppliers and online agencies.

— Sean O’Neill

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Setoo Raises .3 Million for Insurance Innovation: Travel Startup Funding This Week