8.4 million for insurtech Hepster

The Rostock-based start-up develops highly specialized insurance policies and sells them digitally. New money is now coming from the UK and France.

Insurtech Hepster has successfully completed its Series A financing round. The Rostock-based company was able to raise 8.4 million euros. The existing shareholders GPS Ventures and Mittelständische Beteiligungsgesellschaft Mecklenburg-Vorpommern are once again involved. New investors are also joining in: both the London-based venture capitalist Element Ventures and the Paris-based investor Sevenventure Partners are now involved.

Hepster develops highly specialized insurance products, some of which the company sells together with other companies. Among other things, the start-up, which was founded in 2016, offers insurance specifically for e-bikes. "Hepster is the pioneering company in this area, and its focus on embedded insurance will pay off in the coming years," said Element Ventures partner Michael McFadgen, expressing his optimism about the investment.

Hepster is backed by Alexander Hornung, Christian Range and Hanna Bachmann. Hepster claims to have 45 employees.