Germany’s first digital insurance manager GetSafe secures backing from additional prominent investors.
- b-to-v, CommerzVentures, Acton Capital Partners (all lead), Capnamic Ventures, Iris Capital and Partech Ventures invest a high single-digit million euro amount
- GetSafe is the first mover and market leader in Germany
- International expansion planned
Berlin, 23 October 2015: With its digital insurance manager, GetSafe has established itself as a pioneer and market leader in Germany since 2013. The GetSafe app provides a simple and transparent interface to manage all personal insurances in one place.
After the investment of Rocket Internet and the founders of Check24 in early 2015, the company has now been able to secure the backing of other well-known investors within a few months and announces a high single-digit million euro investment today.
"With the support of such a reputable international investor consortium, we are able to build on the recent success of GetSafe and initiate a true paradigm shift in the insurance industry," says Christian Wiens, CEO and co-founder of GetSafe.
The high-profile investors participating in this financing round are: b-to-v, CommerzVentures, the corporate venture fund of Commerzbank, Acton Capital Partners (all lead investors), Capnamic Ventures, Iris Capital and Partech Ventures as well as existing investors Rocket Internet and HW Capital, who are also investing in the company once again.
"Through the successful combination of domain expertise and tech know-how, Christian Wiens and his team have shown so far unthinkable possibilities in the insurance industry. With their deep understanding of today's insurance customers needs they managed to launch a compelling product with impressive traction. We are looking forward to growing GetSafe into a large and innovative service company together with this strong investor consortium” " says Dr. Jochen Gutbrod, Executive Chairman of b-to-v.
"With an excellent product, GetSafe has woken up the industry in a very short time. We are delighted to support the company during its rapid growth and to accelerate its expansion through our investment" says Patrick Meisberger, Managing Director of CommerzVentures.
GetSafe is on a fast growth track and plans to further expand its market-leading position. In addition to maintaining and strengthening its pioneering position in Germany, the company will continue to strongly invest in their technology and increase its already high service quality. The expansion into other international markets is planned for 2016. About GetSafe:
GetSafe is the digital insurance manager for the smartphone. The GetSafe app provides a simple and transparent interface to manage all personal insurances in one place.
Beyond the app, GetSafe works as a fully digitalised insurance broker. The GetSafe technology automatically gathers information about your current policies directly from the insurance companies. It then creates an overview of all contracts, rates and also identifies savings potentials. With service features such as one-click damage claiming and a team of insurance experts available 24/7, GetSafe offers an unrivalled customer experience. Currently the GetSafe portfolio includes more than 130 insurance carriers. The app is available for iOS and Android users in Germany.
GetSafe was founded in 2013 by Christian Wiens and Marius Blaesing. The company cooperates with more than 130 insurance companies and has already gained several thousand customers. www.getsafe.de
Founded in 2000, b-to-v Partners is a venture capital fund as well as the leading network of investing entrepreneurs in Europe. The firm combines the industry expertise and experience of its members with the venture capital expertise of its investment team. With investment teams in Internet & Mobile and Advanced Technologies, b-to-v Partners invests EUR 25mn per year in high growth companies. Investing together and the inspiration inherent in the mutual financial, technical and personal support from entrepreneur to entrepreneur form the core of the firm’s philosophy. In 2015, b-to-v Partners merged with RI Digital Ventures to set up its third fund. With offices in St.Gallen and Berlin, the firm has more than EUR 200mn assets under management. www.b-to-v.com
CommerzVentures was established by Commerzbank AG as a corporate venture capital fund with focus on investments in the financial services technology & services industry (“FinTech”). The fund is a wholly owned subsidiary of Commerzbank AG. CommerzVentures’ portfolio companies have scalable and attractive business models, which already have shown to be marketable and need investments to support further growth. The regional investment focus of CommerzVentures is on Europe, Israel and USA, whereby trends on the global level are considered. The fund, which is domiciled in Frankfurt/Main, commenced its business operations on 1 October 2014. www.commerzventures.com
About Acton Capital Partners:
Acton Capital Partners is a Munich-based growth-equity fund in the internet sector. Acton focuses on business models in the fields of marketplaces, e-commerce, e-services, digital media and software as a service and addresses consumers and small to medium enterprises. Acton invests globally with a strong emphasis on Europe. The team has been working together successfully for many years and has invested in more than 60 companies since 1999. The most renowned investments include AbeBooks, Alando, AlphaSights, Ciao, Cyberport, Elitepartner, Etsy, HolidayCheck, Lumas, Linas Matkasse, mytheresa.com, OnVista, windeln.de and zooplus. www.actoncapital.com
About Capnamic Ventures:
Capnamic Ventures is an independent venture capital enterprise with offices in Cologne and Berlin that invests in business models along the digital value added chain. These include growth markets such as mobile, eCommerce, gaming, payment, advertising and software-as-a-service models. The Capnamic Ventures team can rely on the expertise acquired in the course of over 100 equity interests and 30 years of investment experience. The investors chiefly are enterprises and entrepreneurial families. In addition to its own fund, Capnamic Ventures also takes care of the entire portfolio of DuMont Venture, the holding company of the media group M. DuMont Schauberg. Further particulars are available at: www.capnamic.de
About Iris Capital:
Iris Capital is a European venture capital fund manager specializing in the digital economy. Since its inception in 1986, the Iris Capital team has invested more than €1 billion in more than 250 companies. Iris has a strategic partnership with Orange and Publicis. It provides active support to its portfolio companies on the basis of its strong sector specialization and experience, and has offices in Paris, Cologne, Berlin, San Francisco, Montreal, Riyadh, Dubai, Beijing and Tokyo. For more information: www.iriscapital.com
Since 1982, Partech Ventures has helped outstanding entrepreneurs build companies that will be remembered. The firm invests in high growth companies in the digital and information technology fields through three funds: seed (Partech Entrepreneur), venture (Partech International) and growth capital funds (Partech Growth). Located in the Silicon Valley, Berlin and Paris, the Partech team has extensive experience in the international development of companies. Throughout its history, Partech Ventures portfolio companies have completed 21 initial public offerings and more than 50 M&A transactions with major international companies at values in excess of $100MM. In Germany Partech is invested in GetSafe, Auxmoney, Lesara and Klara. www.partechventures.com