InsurTech Hellas Direct closes World Bank-led fundraising

Greek car insurer Hellas Direct has raised EUR7mn ($8.5mn) of
series B funding, led by the World Bank.
Alongside the International Financial Corporation, the private
investment arm of the World Bank, investors in the InsurTech
venture include Daniel Loeb's hedge fund Third Point and former
Goldman Sachs economist Jim O'Neill.
Other backers include venture capital fund Endeavor Catalyst,
private equity investor Jon Moulton's Perscitus vehicle,
Canadian fintech investor Portag3 Ventures and severa