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Paris-based 'insurtech' startup secures Accel backing

Venture capital investors are allocating increasing amounts of money to help the $4.7 trillion insurance industry get digital

Shift Technology team (L-R) Eric Sibony, David Durrleman and Jeremy Jawish
Shift Technology team (L-R) Eric Sibony, David Durrleman and Jeremy Jawish Photo: Shift Technology

A Paris-based startup that helps insurers detect fraudulent claims has raised new venture capital funding, as investors allocate increasing amounts of money to help the $4.7 trillion insurance industry get digital.

Shift Technology announced on May 19 that it had raised $10 million in a round led by Accel Partners, with further participation from existing investors Elaia Partners and Iris Capital.

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