Hakuna raises 1.5 million euros

A few weeks after its founding, the insurtech closes a successful €1.5 million pre-seed funding round.

Newly founded insurtech Hakuna has raised €1.5 million in its pre-seed funding round. The money is given by Visionaries Club, Discovery Ventures, Klarna founder Victor Jacobsson as well as Sumup founder Marc Christ and other business angels. The money will be used to launch the Hakuna product: embedded insurance for e-commerce companies. Anyone who buys something online is asked if they don't want to add an extended warranty or insurance before they close the deal. When insurance is needed, Hakuna handles it all.

The start-up was founded by Sebastian Jost, Orhan Köroglu and Rupert Mayer, who met while working at used car broker Abracar and previously gained experience in e-commerce, insurance and fintechs. Jost is a former CCO of Sumup and also remains with his old company as a shareholder and "one of its biggest fans," as he writes on LinkedIn writes.

"Currently, there is no easy and scalable way for merchants to incorporate insurance products into their eCommerce platforms," explains Köroglu. Hakuna fills the gap and "opens up access to these insurance products for online merchants of all sizes and industries, which were previously only available to the top 1% of merchants," says Sebastian Pollok, founding partner of Visionaries Club on the motivation for the investment.