Eleos Raises £615k to Embed Income Protection and Life Cover in Fintech Products

Eleos, a pre-seed investment round headed by Fuel Ventures, has raised $750,000 (£615,200) for its insurtech business located in London. Eleos, which was founded in 2023, collaborates with companies, mostly fintechs, to include life insurance and income protection insurance into their goods.

The company has a team in Lisbon in addition to its London headquarters. It offers insurance products under a white label thanks to partnerships with fintech companies Loqbox and Updraft.

Eleos founder and CEO Kiruba Eswaran stated, "Our mission is to give everyone the financial stability that will steer them safely through times of unavoidable hardship by offering accessible, affordable, and essential insurance policies."

"In just a few short months, we've made enormous progress toward this goal, and with our new investment partners, that progress will accelerate."