Koala, a French travel insurance technology company, has raised 2 million euros ($2.1 million) in an equity financing round.
Previous backer Insurtech Gateway led the investment round with additional support from Uneti Ventures, Slimmer AI and Sterling Oak.
Koala will use the capital to speed up its growth in Europe, expand its technology and sales teams, plus build brand-new travel protections.
Furthermore, the company will also use the money to invest in data and machine learning to further optimise its pricing and protection details, create brand-new protections, and continue growing its commercial team.