USD 24 Million for simplesurance in Final Series C Round
The Berlin-based Insurtech startup simplesurance, which developed an insurance service platform, secures USD 24 million in a final Series-C round. This final investment round was led by Allianz X, which had started a financial and strategic partnership with simplesurance in 2016. Rheingau Founders and Rakuten Capital have also announced further investments.
Dr. Nazim Cetin, CEO of Allianz X shared enthused: “We are excited about Allianz X’s follow-on investment into simplesurance. We have developed a great partnership and look forward to continuing the partnership and cooperation with simplesurance.”
This is the largest funding round since simplesurance’s founding in 2012 and will support expansion into new markets. The launch of new services like Cyber Protection could also materialize thanks to the funding.
Robin von Hein, simplesurance founder commented: “After six years, simplesurance is on the right track and we’re showing steady growth. This additional investment will strengthen our competitive position as a leading insurance service provider around the world and facilitate expansion into new markets.”
Michael Piechalak, Principal at Rakuten Capital, added: “simplesurance has developed innovative solutions in both e-commerce and product insurance and has grown into one of the leaders in Insurtech. As Rakuten Capital is focused on working collaboratively with our portfolio companies on building long-term growth strategies, we are excited to be part of their future journey.”