Afilio apparently raises $13 million

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

Insurtech Afilio, which specializes in pensions, has raised 13 million US dollars in its Series A financing round, according to start-up scene reports. The round was led by CommerzVentures, with Speedinvest also participating. The existing investors Cherry Ventures, Mutschler Holding and Cavalry Ventures are also participating. Afilio intends to use the money to expand the platform and extend its range of services. The team is also to be expanded. As the website reveals, it will soon be possible to take out insurance policies via Afilio. There will also be the option to plan pension provision across generations as a family.

Founded in 2017 by Till Oltmanns, Philip Harms and Richard Musiol, the start-up focuses on the topic of pensions. To this end, it not only takes care of the creation of documents such as a living will or a will, but also digitizes these documents, which can also be viewed by relatives if required. According to the start-up, two million customers currently use the Afilio service.