Kayna raises €1.5m in fresh funding

Insurtech innovator plans growth

Wed, 11 Mar, 2026 - 07:40

Alan Healy

Cork insurance software firm Kayna has closed a €1.5m seed funding round as it moves ahead with development plans for the UK and US.

The funding round was led by original pre-seed investor Delta Partners with ongoing support from pan-European MiddleGame Ventures and from the Swiss firm Aperture. The company welcomes three new investors in this latest round with Leo Capital of Finland and Singapore, Enterprise Ireland and Digital Irish coming on board.

Founded by Paul Prendergast and Peter Bermingham, Kayna helps business software companies add insurance to their platforms. Vertical Software as a Service (VSaaS) platforms are built for specific types of small businesses, such as franchise networks, restaurants, construction firms and field service companies, to support the running of their day-to-day operations. Kayna uncovers insurance gaps that enable platforms to access multiple insurance carriers and brokers, making it possible for small businesses to close their risk exposure.

‍Paul Prendergast, CEO and co-founder of Kayna said: "All of the essential elements are now in place, allowing us to scale effectively in our key markets. We are immensely gratified with the ongoing commitment of our long-term investors backing us in this latest funding round and equally delighted to have secured new investors that add to the breadth of expertise with proven playbooks and dynamic international networks that we can tap into.

With our global brokerage partner, a growing VSaaS client base and skilled Kayna team on board in Ireland and the USA, we’re ready to grow and aim to enable $1bn in commercial insurance transactions across the next five years.”

Kayna was launched in 2021 by CEO Paul Prendergast and CTO Peter Bermingham who have scaled multiple insurtech businesses during their partnership of more than two decades. Kayna’s 2023 pre-seed funding round raised €1m.