Insurtech Startup Amodo Raises $500K in Funding

Amodo, a Zagreb, Croatia-based insurtech startup, raised approx. $500k in funding. Austrian venture fund Speedinvest made the investment. The company, which had received initial funding from SGH Capital and Bee Next Fund, intends to use the capital for its international expansion. Founded in 2013 and led by Marijan Mumdziev, CEO, Amodo has developed a technology platform that enables insurance companies to launch digital insurance products for the connected customer generation.