French insurtech startup Little John, which equips insurance brokers with AI tools, has secured €1.1 million in a pre-seed funding round to develop its platform. FEBE Ventures, Vessoa Private Equity, and neo-insurer Leocare backed the investment.
- Founded in 2024 by Olivier Legrand, Grégoire Rastoul, Pierre Sigwalt, and Renaud de Pressigny, Little John develops an AI-powered platform and collective tools designed to empower small insurance brokers by enhancing their efficiency and independence.
- The startup's platform includes three main components:
- The Brokerage Platform streamlines risk placement, compliance, and commission management with direct access to risk carriers and expert support.
- The Augmented Broker integrates Generative AI tools, such as the LJ Assistant, an insurance search engine, and APIs, to enhance productivity and decision-making.
- Shared Resources provides legal, HR, and management support to reduce the administrative burden for brokers.
Details of the round
- The pre-seed round came from Singapore-based VC FEBE Ventures, Paris-based VC Vessoa Private Equity, and neo-insurer Leocare. Angel investors such as Didier Valet, and Mark Ransford, also joined the round.
"As always, the first reason for investing in a project is the quality of the people behind it. I’ve known Grégoire Rastoul for years and know that whatever he does will work. I met Olivier Legrand recently and felt nothing could resist his energy," commented Jules Veyrat, co-founder and CEO of Stoik, on why he decided to invest.
- Little John will use the €1.1 million in funding to develop GenAI tools and launch its SaaS platform in Spring 2025. The funds will also help establish a “Sherwood community” of early adopters to provide feedback and ensure the platform aligns with brokers' needs.
- Additionally, the startup aims to create a collaborative ecosystem where independent brokers can share resources and expertise, enabling them to stay competitive against larger players.
