Getsafe increases Series B

In its current financing round, the insurtech has now raised more than three times as much capital as originally planned. With the money, the Bafin license should finally come.

The insurtech Getsafe has increased its Series B financing round considerably: As the start-up announced, this now has a total volume of 80 million euros, after Getsafe had initially raised 25 million euros at the end of last year.

The company owes the increase to several family offices from Germany and Switzerland, and existing investors Earlybird, Commerz Ventures and Swiss Re also injected additional capital.

Getsafe offers insurance via its app, including motor vehicle, liability and household insurance. The company is currently working on obtaining a license from the German financial services regulator Bafin. The newly collected money should also help in the fight for the license. Getsafe also wants to improve its in-house technology.

"Getsafe's vision to inspire people with a digital insurance experience and to change the industry in a sustainable way is a fantastic journey we can be part of," said Christian Nagel, partner at Earlybird, on the occasion of the investment.