Xempus, the European SaaS platform specialising in pension & life insurance policies, extended its Series D investment round.
The extension was led by InfraVia Growth (“InfraVia”) with participation from existing and new investors, including TempoCap, Reimann Investors, Xempus management as well as a range of insurance experts and family offices. It follows the first closing of Xempus’ Series D in April 2022 with $70m, led by Goldman Sachs Asset Management, with participation from existing investors HPE Growth and Cinco Capital.
“We are excited to partner with the Xempus team,” says Alban Wyniecki, Founding Partner at InfraVia Growth. “The global pension funding gap stands at $400bn. Platforms like Xempus can play a crucial role in closing that gap by digitizing the pension & life insurance distribution processes, thereby achieving better outcomes for end customers as well as agents and insurers.”
“We are delighted to have InfraVia on board and benefit from their deep insurance and software expertise as we continue building Europe’s leading pension & life insurance distribution platform,” says Tobias Wann, CEO of Xempus.
Malte Dummel, COO & CFO of Xempus, adds: “This extension of Xempus’ Series D round amid volatile overall market conditions underlines the attractiveness of the Xempus business model, our relentless focus on execution, as well as the strength of Xempus value proposition to insurers, agents and end customers.”
Arma Partners acted as financial advisor to Xempus. Taylor Wessing acted as legal counsel to Xempus.