22 January 2021
Deals | France | M&A | Private Equity
Gide has advised investment funds Heartcore and NewAlpha on the EUR 17 million "Series A" funding round by Lovys, a France-based online seller of insurance products. The funds were raised from investors Heartcore, NewAlpha, Raise Ventures and long-standing Lovys investors Maif Avenir, Portugal Ventures and Bpifrance.
This round ends a year of growth for Lovys, which boasts an additional 20,000 policyholders in 2020, a speed of growth record in the insurtech sector. The funds will enable the company to roll out its offer in two new European countries thanks to a larger team.
Gide's team advising Heartcore and NewAlpha comprised counsel Louis Oudot de Dainville, working with associates Diane Jouffroy and Marc Fournier on corporate aspects.