AI
Saudi Arabia
UAE
EgyptPhoenix Venture Partners Strengthens Investment Portfolio with Assurly and Second Fund Closing
2 min
PVP has closed its second round of private placement funding, attracting investors from France, Luxembourg, Mauritius, Kuwait, and Saudi Arabia.
The firm has also made a strategic investment in Assurly, a French Insurtech company, securing a seat on its Board of Directors.
The funding will drive PVP’s continued expansion into emerging tech sectors such as Fintech, Healthtech, AgriFoodtech, and Energy Sustainability.
Assurly aims to leverage PVP’s investment to fuel its European market expansion and eventual entry into the MENA region.
Industry leaders from both firms express confidence in the partnership’s potential to transform the global insurance landscape.
Phoenix Venture Partners (PVP), a venture capital firm known for backing disruptive technologies, has marked a significant step forward with two major announcements: securing a second round of private placement funding and making a strategic investment in French Insurtech company Assurly. These moves reinforce PVP’s commitment to fostering high-growth startups and expanding its presence across key global markets.
With the closing of its second private placement funding round, PVP welcomed investors from France, Luxembourg, Mauritius, Kuwait, and Saudi Arabia. This diverse group includes institutional investors, family offices, and high-net-worth individuals, all signaling confidence in PVP’s vision of investing in next-generation technologies. The fresh capital injection positions the firm to scale its investments across Fintech, Healthtech, Edtech, AgriFoodtech, Energy Sustainability, and Consumer Tech, particularly within the MENA region and G20 economies.
Adding to this momentum, PVP has taken a stake in Assurly, a rapidly growing French Insurtech company revolutionizing the traditional insurance sector. The deal was finalized on December 15, 2024, with the transactionFebruary 19, 2025.PVP has secured a seat on Assurly’s Board of Directors, ensuring
"We are thrilled to back Assurly and support their innovative approach to the insurance industry," said Steve Khayat, Founder & CEO of PVP. "Our investment underscores our commitment to fostering growth in the Insurtech sector, and we look forward to working closely with Assurly as they expand into new markets."
Assurly, co-founded by Toufik Gozim and Mickael Benhassen, AI and automation to streamline PVP’s backing, Assurly is set to expand further in Europe, with longenter the MENA market and disrupt various insurance verticals.
Commenting on the partnership, Assurly CEO Toufik Gozim expressed"We are excited to welcome PVP as a strategic partner. Their expertise and global network will accelerate our mission to redefine insurance and tap into new markets. Together, we are well-positioned to scale our impact across Europe and beyond."
Faris Al-Obaid, Co-Founder & Non-Executive Director of PVP,"This investment represents more than just financial backing—it’s the beginning of a collaborative journey to shape the future of insurance across continents."
These developments position PVP as a key player in the global venture capital ecosystem, reinforcing itsPVP continues to drive meaningful innovation and create value for both investors and entrepreneurs alike.
