In May 2025, this start-up will deploy its two projects: the creation of a group of brokers and a SaaS platform to help them increase productivity.
As soon as founded, as soon as financed. Launched in September, the French insurtech Little John announced on December 18 that it had completed a pre-seed fundraising of 1.1 million euros from Febe Ventures, Vessoa Private Equity, Leocare and a few business angels. Funding which should enable it to accelerate the deployment of its two projects intended for insurance brokers: a generative AI SaaS platform and the creation of a group of brokers to strengthen their independence.
“We are convinced that local brokerage has a big role to play in the distribution of insurance products, especially in BtoB,” says Olivier Legrand, CEO and co-founder. “We want to help brokers gain productivity so that they can focus on value-added tasks. Today, they spend between 30% and 60% of their time extracting documents from their client companies,” continues the broker. who was general manager of LinkedIn in Asia Pacific between 2015 and 2021.
3 sources of income
Starting in February, the beta version of Little John’s generative AI SaaS platform will be tested by partner brokers. This test phase should last three months since the insurtech intends to launch the marketing of its platform from May. A platform which includes an assistant dedicated to investment assistance capable of collecting, analyzing and extracting data from customer documents and emails sent by brokers. It also includes an “insurance search engine”.
Also in May, Little John will launch its membership offering to its group of brokerage firms. The idea is to set up a structure with multiple advantages: “They will be able to contact more suppliers of insurance products, will benefit from expertise on types of risk that they do not necessarily control and will benefit from various aids, particularly on compliance and the operational management of their company”, explains Grégoire Rastoul, COO.
The variety of services offered by Little John (a platform and a group of brokers) should allow it to diversify its sources of income: “We are planning three,” explains Olivier Legrand. “A subscription to the platform, membership to the group and a commission in the case of co-brokerage when we are the ones who find the insurer”.
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