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§ Private Profile · Zurich, Switzerland
MiLa is a technology company.
Mila is a leading artificial intelligence research institute based in Montreal, dedicated to advancing fundamental and applied machine learning. It unites a large community of academic and industry researchers, collectively pushing AI frontiers. The institute specializes in deep learning, generating critical knowledge that underpins the evolution of artificial intelligence globally.
Professor Yoshua Bengio of the Université de Montréal founded Mila, establishing a premier center for AI research in Quebec. His insight was to foster a collaborative environment where top minds could rigorously explore machine learning, creating an innovation ecosystem. Bengio’s pioneering work in deep learning provided the intellectual bedrock for its formation.
Mila primarily serves a global network of researchers, students, and industry collaborators engaged with leading-edge AI. Its central mission is to accelerate the responsible development of artificial intelligence for societal benefit. The institute envisions establishing Quebec as a pivotal global hub for AI innovation, contributing significantly to its ethical application.
MiLa has raised $15.2M across 3 funding rounds.
MiLa has raised $15.2M in total across 3 funding rounds.
MiLa has raised $15.2M in total across 3 funding rounds.
MiLa's investors include Imaginary Ventures, Bill Ackman, Colin McCabe, Gabi Lewis, Jason Wang, Katrina Lake, Scott Cutler, Shan-Lyn Ma, Simu Liu, Gold House Ventures, Hyphen Capital, Andrea Muth.
MiLa has raised $15.2M across 3 funding rounds. Most recently, it raised $10.0M Series A in October 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2022 | $10M Series A | Imaginary Ventures | Bill Ackman, Colin Mccabe, Gabi Lewis, Jason Wang, Katrina Lake, Scott Cutler, Shan LYN MA, Simu LIU, Gold House Ventures, Hyphen Capital | Announced |
| Jun 7, 2022 | $2M Seed Plus | Andrea Muth | Pascal H. Widmer, Alex Liang | Announced |
| Mar 5, 2013 | $3.2M Venture Round | — | Adrian Bult, Peter Zencke | Announced |
Mila is a French insurtech company specializing in property insurance products for the real estate sector. Founded in 2020 (with commercial activity starting in 2022), it offers solutions like unpaid rent insurance (garantie loyers impayés), non-occupant owner insurance (PNO), building insurance, and syndic civil liability coverage, serving individual landlords, property managers, and real estate professionals.[1] The company solves critical pain points in real estate by protecting against financial losses from non-payment or property risks, achieving rapid growth with 140,000 clients, 8% market share in unpaid rent insurance, profitability since 2023 (net profit of €819,000 in 2024), and a recent €12M ($13.43M) Series A extension led by Elevation Capital Partners in April 2025, bringing total funding to $24.78M.[1] This positions Mila as a scalable, independent insurer expanding into international markets and small business products.[1]
Mila was founded in 2020 in Puteaux, France, and received ACPR regulatory approval as an independent insurer in 2021, focusing on niche real estate insurance needs.[1] The founding team is not named in available sources, but the company emerged amid rising demand for specialized coverage in a fragmented market, launching commercial operations in early 2022.[1] Early traction was strong: within three years, it built a network of over 800 broker partners, reached 140,000 policyholders, and turned profitable by 2023, supported by a robust operational model and high solvency ratio (SCR of 336% in 2024).[1] A pivotal moment came with the April 2025 €12M raise, enabling accelerated growth in France, international expansion, and product diversification beyond real estate.[1]
Competitors include Pikl, but Mila's rapid client acquisition and profitability set it apart in the insurtech space.[1]
Mila rides the insurtech wave transforming real estate finance, where digital natives address legacy gaps in risk protection amid housing shortages and rising non-payment risks in Europe.[1] Timing is ideal post-2020, with remote property management surging and regulators favoring specialized players like Mila's ACPR-approved model.[1] Market forces favoring it include France's competitive broker ecosystem (800+ partners) and global real estate digitization, enabling cross-border scalability.[1] Mila influences the ecosystem by normalizing tech-driven insurance for SMEs, boosting landlord confidence, and fostering broker tech adoption, while its profitability demonstrates sustainable insurtech beyond hype.[1]
Mila's trajectory points to dominance in European real estate insurtech, with the 2025 funding unlocking international markets (beyond France) and adjacent products for small businesses, potentially doubling its 140,000-client base.[1] Trends like AI-enhanced underwriting and regulatory tailwinds for independents will shape its path, alongside real estate volatility from economic shifts. Its influence may evolve from niche leader to pan-European platform, reinforcing its edge as a profitable, broker-empowered innovator in a $24.78M-funded growth story.[1]