Series B Financing Round for TONI Digital
Swiss InsurTech Company TONI Digital successfully completed a CHF 12 million capital increase in December 2022 as part of a Series B financing round. This will enable the company to implement its ambitious growth plans. Ramus & Company supported the whole fundraising process.
TONI Digital Insurance Solutions AG (“TONI Digital“) successfully closed a Series B financing round in December 2022. Existing institutional and private investors as well as new investors participated in the financing round. Renowned Swiss family offices and private investors have become part of TONI Digital’s already illustrious group of investors.
The new capital will be used to finance new customer growth as well as the implementation of strategic projects and will secure the start-up’s financing over the next few years.
About TONI Digital
TONI Digital is a leading independent Insurance-as-a-Service platform offering multiple insurance products on a proprietary IT platform. The start-up enables end-to-end capabilities from underwriting to claims management, leveraging multiple risk carriers and leading brands as distribution partners that can market their own insurance products independently or fully integrated.
Through its platform, TONI Digital offers any company the opportunity to actively sell insurance products under its own name. Due to a fully API-based IT platform and the corresponding capabilities, insurance products can be launched and operated in the market significantly faster and more efficiently.
In the past, TONI Digital has developed and implemented successful white label insurance solutions for PostFinance, MIGROS, MIGROS BANK, ÖKK, BELSURA as well as a fleet solution.
Further information: www.tonidigital.com
Role of Ramus & Company
Ramus & Company, Swiss representant of Corporate Finance Association Worldwide («CFAW»), supported TONI Digital throughout the Series B fundraising process and introduced the new investors.