Afilio apparently raises $13 million

According to a media report, the Berlin-based insurtech has successfully completed its Series A financing round. It plans to use the money to expand its team, among other things.

Afilio, an insurtech that specializes in retirement planning, raised $13 million in its Series A financing round, as Gründerszene reported. The round is led by CommerzVentures, with Speedinvest also participating. In addition, existing investors Cherry Ventures, Mutschler Holding and Cavalry Ventures are participating. Afilio wants to use the money for the expansion of the platform and the extension of the offer. It also plans to expand its team. As the website reveals, it will soon be possible to buy insurance through Afilio. There will also be the option to plan for retirement as a family across generations.

Founded in 2017 by Till Oltmanns, Philip Harms and Richard Musiol, the start-up focuses on the topic of pension provision. To do this, it not only takes care of creating documents such as a living will or a testament, but also digitizes these documents, which can also be viewed by relatives if needed. Today, according to the start-up, two million customers use Afilio's service.