InsureQ apparently receives over five million euros

According to a media report, the insurtech has successfully completed a financing round just nine months after its launch.

The start-up InsureQ, which was set up by Rocket Internet, has raised more than five million euros in a financing round, according to the magazine Finance Forward reports. Investors include Global Founders Capital, the investment arm of Rocket Internet, and early-stage investor Nauta Capital.

InsureQ is a digital insurer for freelancers, other start-ups and small and medium-sized enterprises. It currently offers liability insurance and policies for cyber security, for example. To this end, it works with Arag, R+V Versicherung and the international specialist insurer Hiscox, among others.

The start-up intends to use the money primarily to expand its partnerships. The team is also set to grow from 16 to 30 employees. "Since the launch, we have realized how important it is for our growth to take place on partner platforms," co-founder Alexander Marius Le Prince told Finance Forward.