Kayna, an embedded insurance infrastructure platform enabling business software companies to integrate insurance services, announced a €1.5M ($1.7M) seed funding round led by Delta Partners with participation from MiddleGame Ventures, Aperture, Leo Capital, Enterprise Ireland and Digital Irish. Investment will support expansion across the United Kingdom and United States.
Embedded Insurance Platform
Kayna enables vertical SaaS platforms to embed insurance directly into software used by small businesses. The platform combines AI-powered policy analysis with orchestration technology connecting SaaS platforms to multiple insurers and brokers, helping businesses identify coverage gaps and obtain tailored insurance products within existing operational systems.
Paul Prendergast, CEO and co-founder of Kayna said: “All of the essential elements are now in place, allowing us to scale effectively in our key markets. We are immensely gratified with the ongoing commitment of our long-term investors backing us in this latest funding round and equally delighted to have secured new investors that add to the breadth of expertise with proven playbooks and dynamic international networks that we can tap into. With our global brokerage partner, a growing VSaaS client base and skilled Kayna team on board in Ireland and the USA, we’re ready to grow and aim to enable US$1 billion in commercial insurance transactions across the next five years.”
Company Growth
Founded in 2021 by Paul Prendergast and Peter Bermingham, Kayna previously raised €1M in pre-seed funding in 2023. The company launched embedded insurance programs in the UK and US, partnered with Willis Towers Watson, developed an AI insurance policy analysis toolkit, and expanded operations across Ireland and the United States.
Maurice Roche, General Partner at Delta Partners said, “Kayna has achieved each strategic goal to date and is now ready to scale. We’re proud of the solid, productive relationship we have built together supporting Kayna as it delivers new revenue streams for platforms, data-led insurance for small businesses and a step-change in insurance product distribution.”
Kanishk Walia, MiddleGame Ventures Partner added, “Kayna delivers the missing infrastructure and AI policy analysis that surfaces real insurance coverage gaps for small businesses. It successfully enables vertical SaaS platforms to turn day-to-day operational, commercial and financial data into automated, bindable, commercial insurance. We’re excited to back the team again as they scale this innovative low-code integration model across more verticals and push to fulfil their ambition in the UK and US markets.”