Element increases financing round to 66 million euros

The Berlin-based insurtech already raised 50 million euros last year, and is now receiving a further 16 million euros from new and existing investors.

The insurtech Element has gained two new investors and thus increased its current financing round to 66 million euros. The British investment company Witan Group and the investor Ilavska Vuillermoz from Luxembourg, which is also involved in fintechs such as Penta and N26, are new participants. Together with existing investors such as Finleap, Signals Venture Capital and Mundi Ventures, Element currently raised 16 million euros.

The Berlin-based company offers a white-label solution for insurers and has held an insurance license from Bafin since 2017; customers include Volkswagen and Signal Iduna. Last August, Element raised the first part of its financing round of 50 million euros. Element remains silent about a valuation.

On LinkedIn, CEO Christian Macht of Element shares his joy about the new funding: "I am very proud of the team and what we have achieved in the last few months, let's keep this momentum going and keep rocking in 2021!"


Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Startup 2018 Berlin
Digital platform for business banking providing connected services around a bank account.
Startup 2013 Berlin
N26 is the first bank you will love. It offers a mobile bank account with no hidden fees.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts