Berlin-based car insurance technology platform FRIDAY has concluded with 114 million euros ($127.8 million) in a combination of media-for-equity and equity financing.

FRIDAY received about $43.7 million from a media-for-equity deal with SevenVentures and media investor German Media Pool.

Moreso, Baloise Group also invested an additional $84 million in FRIDAY.

With the capital infusion, FRIDAY will stimulate future growth and support further product development.