Start-Up News: Getsafe Raises 15m Euros in Series A Funding

Heidelberg-based Getsafe is a mobile-first insurtech startup, offering range of digital insurance products that users can instantly buy on their phone. Customers can get coverage or file a claim, all through Getsafe’s app.

The startup has raised €15 million in a Series A funding round led by Earlybird, with participation from CommerzVentures and other existing investors.

Getsafe is targeting millennial customers by offering liability, renters, dental, and legal insurance – including add-ons for family members, bikes and drones. With its technological approach, Getsafe is meeting the core needs of digital natives: customers are on average 29 years old, and for 75% of them this is their first time taking out an insurance policy.

“We want to become the go-to insurance brand for a whole generation of young customers in Europe,” said co-founder and CEO Christian Wiens. “To achieve this, we rely on technological solutions that simplify the lives of our customers and have built one of the most powerful insurance platforms in the world. Now it’s time to expand our activities at home and abroad.”

Since launching at the end of 2017, Getsafe has grown significantly, selling 50,000 policies last year. Getsafe will use the funds to grow its team from 50 employees to more than 100, with a focus on customer care, software development and data science, as well as to support its international growth.

 

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