We advised the founders of the insurance aggregator Edrauda.lt, Rima Kazlauskaitė and Dainius Alkinas; and investor ME Investicija on selling the company to the online insurance group Netrisk Group.
The group is owned by TA Associates, a leading global growth private equity firm, and MCI EuroVentures, a technology investment fund. Netrisk Group operates in Lithuania, Hungary, the Czech Republic and Slovakia, and is one of the fastest-growing online insurance brokerage companies in Central and Eastern Europe.
Edrauda.lt serves almost 150,000 customers
Edrauda’s Lithuanian platform, which offers the ability to compare, select and buy services from different insurers online, joins a family of fast-growing regional insurance aggregators that includes names such as Netrisk.hu, Biztositas.hu, Klikpojisteni.cz, Porovnej24.cz and Netfinancie.sk.
“Since our founding in 2009, our goal has been to open up the Lithuanian insurance market so that people can compare offers from multiple insurers when choosing a car, a home or other insurance services,” said Rima Kazlauskaitė, director and co-founder of Edrauda.lt. “Today, we have almost 150,000 customers, which clearly demonstrates how people are now embracing a much more convenient and cost-effective way of meeting their insurance needs.” Dainius Alkinas, co-founder and board member of Edrauda.lt said, “we are truly excited to join the Netrisk Group whose demonstrated insurance sector leadership across Central and Eastern Europe will ensure even faster growth for Edrauda and provide new innovations and additional cost savings for the people of Lithuania”.