News – General corporate and securities matters
14 April 2017
After successfully assisting Qover in its seed investment with Belcube in 2016 - the first in its kind Insur Tech investment in the Belgian venture capital market - Cresco assisted Qover, a Belgium based Insur Tech company, in the preparation, structuring and closing of its EUR 5.5 million Series A investment round led by Anthemis Venture Fund I LP.
Qover is a pioneer in building the world’s first “sliced on-demand digital insurance infrastructure for consumer business”. Qover builds powerful and easy-to-use API’s offering any consumer businesses a fast and seamless integration to Qover’s insurance digital products library. Qover creates its own insurance products, own pricing and own digital solution oriented towards elevating the customer experience.
Founders Quentin Colmant and Jean-Charles Velge comment: “As founders we were delighted to have been assisted, both in our seed investment as well as in our series A investment, by Cresco and its hands-on team of lawyers with high quality experience in venture capital financing. The Cresco team went beyond the normal services we could expect from a law firm, and assisted us with pragmatic, business oriented and to-the-point legal advice, while truly being approachable around-the-clock. When necessary, the Cresco team went the extra mile. We are looking forward to our series B investment and the assistance of Cresco therewith. ”
More information can be found in De Tijd.
David Dessers, Olivier Van Raemdonck and Glenn L’Hoëst constituted the deal team for this transaction.