Heymondo joins forces with J.C. Flowers & Co. to accelerate its international expansion
J.C. Flowers to support the growth of Heymondo’s innovative technology and its digital approach to travel insurance distribution and management
Barcelona: Heymondo, a leading travel insurance company in Southern Europe, announced today that J.C. Flowers & Co., a private investment firm dedicated to investing in the financial services industry, acquires a majority stake in the company. This strategic partnership will allow Heymondo to strengthen its presence in Europe and other international markets while accelerating its growth and the development of its distribution platform.
Over 135,000 Pakistanis among 62.2 million visitors to Türkiye in 2024
The current management team will continue leading the company, driving its development and consolidation as one of the benchmark technology platforms in the insurance sector. The transaction is subject to regulatory approval and is expected to close in the first half of 2025.
Founded in 2017 and headquartered in Barcelona, Heymondo offers an innovative digital platform for purchasing and managing travel insurance. Its model is based on a fully digital experience, enabling users to handle claims through its mobile app and ensuring an agile, transparent process tailored to each traveler’s needs. The company currently operates in Spain, Italy, France, Portugal, and the United States. Heymondo was backed by business angels and venture capital funds such as Banco Sabadell, Bankinter, Howzat Partners and the Family Office Cartera de Inversiones CM, all of them will exit after regulatory approval.
Kabul Serena Hotel Closes Operations as Taliban Take Over
Ricard Domenech and David Pérez, co-founders of Heymondo, highlighted:
“The support of J.C. Flowers & Co. is a significant boost for our company. We share the vision of offering innovative solutions in the insurance sector, and this agreement will allow us to accelerate our international expansion and further enhance our value proposition and the traveler experience.”
Richard Carrión, Operating Partner of J.C. Flowers & Co, commented:
“From the outset, we were very impressed with what the management team has achieved with Heymondo. We see great potential for continued growth for Heymondo under their continued leadership.”
BlueBull acted as Heymondo’s exclusive financial advisor in this transaction, with RCD serving as the legal advisor.
Meta Lays Off 4,000 Employees in AI-Focused Restructuring
Founded in 2017 and headquartered in Barcelona, Heymondo is one of the leading travel insurance companies, offering solutions tailored to travelers’ needs through its digital platform. The company has built a solid customer base and positioned itself as one of the most innovative options in the insurance sector.
Heymondo is backed by European investors and has a team of over 70 professionals with extensive experience in the industry.
- Woman Arrested for Marrying and Robbing 25 Men in Seven Months
- Bangladesh Becomes First in Region to Get Starlink Before India and Pakistan
- Climate Action Through Innovation: AKU Awards Top Solutions for Water Scarcity
- US Rejects 15 Indian Mango Shipments, Exporters Face $500,000 Loss
- China’s GWM Unveils New Bi-Turbo V8 Engine, Targets Luxury Car Market
- Nigeria has fully repaid its $3.4 billion International Monetary Fund (IMF) loan
