InsureQ apparently receives over five million euros

According to a media report, the insurtech successfully closed a financing round just three quarters of a year after its launch.

Start-up InsureQ, which was set up by Rocket Internet, has managed to raise more than five million euros in a funding round, according to Finance Forward

magazine. Investors include Global Founders Capital, the investment arm of Rocket Internet, and also early-stage investor Nauta Capital.

InsureQ is a digital insurer for freelancers, other startups, and small and medium-sized businesses. It currently offers such things as liability insurance and policies for cyber security. For this purpose, it cooperates with Arag, R+V Versicherung and the international specialist insurer Hiscox, among others.

With the money, the start-up wants to expand its partnerships in particular. It also aims to grow its team from 16 to 30 employees. "We've noticed since launch how important it is for our growth to take place on partner platforms," co-founder Alexander Marius Le Prince told Finance Forward.

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