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Kartesia invests €25 million in insurance software group Vet+a

Kartesia invests €25 million in insurance software group Vet+a

Kartesia has invested €25 million in the Spanish insurance software group Vet+a, a software company specialised in the provision of appraisal and claim management solutions for home and property insurers. The Firm will support the group in its internationalisation and diversification processes across its different platforms: Vet+a, Verifica, Degnor and Evalua.

The strategic transaction will allow Vet+a to expand the current service offering and promote the international expansion of the company to the existing and new potential clients in Latin America and Europe.

Commenting on the investment, Jaime Prieto, Founding Partner of Kartesia, said: "After our successful investment in GT Motive, we took a closer look at the insurance sector to build on our experience and our understanding. We were mainly looking in larger markets, France and the United Kingdom, for a business focused on software services and solutions in home insurance. We finally came across Vet+a in Spain, a business truly at the at the forefront of both technology and service and wanted to help accelerate its international potential.”

Javier Romero, CEO of Vet+a, said: "Working with an experienced partner like Kartesia will allow us to implement services and business models that existed on paper but were in need of an economic stimulus. The support of Kartesia to the group companies will be an important driver as we expand internationally".

About Vet+a

Vet+a is an insurance software group specialised in the provision of appraisal and claim management software and solutions to insurers in the home and properties sector.

For more information visit: www.vet-mas-a.com

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