Getsafe increases Series B

The insurtech has now raised more than three times as much capital as originally planned in its current financing round. The money will finally be used to obtain the Bafin license.

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

The company owes the increase to several family offices from Germany and Switzerland, while 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 raised money should also help in the fight for the license. Getsafe also wants to improve its in-house technology.

"Getsafe's vision of inspiring people with a digital insurance experience and changing the industry sustainably is a fantastic journey that we can be part of," said Christian Nagel, Partner at Earlybird, on the occasion of the investment.