Insurtech Xempus secures 70 million US dollars

In a Series D financing round, the start-up was able to attract the investment bank Goldman Sachs as an investor.

The Munich-based insurtech Xempus has raised 70 million US dollars in its current financing round. This brings the total financing to 125 million US dollars. The D round is led by Goldman Sachs Asset Management (GSAM). The existing investors led by HPE Growth and Cinco Capital are also investing again.

Martin Bockelmann founded the start-up in 2007. Xempus is a software-as-a-service platform with products relating to pension provision. The platform is intended to bring together players from the pension and life insurance industry. The platform already connects 18,000 brokers with 60,000 companies and life insurers. According to its own information, the company concludes 100,000 new pension plans every year.

"With the capital we have raised, we now have the opportunity to digitalize the European insurance market even faster and thus ensure more innovation in many areas," says Tobias Wann, CEO of Xempus. With the new financing, the start-up plans to consolidate its market position in Germany, but also to expand into other European countries. The company also wants to integrate new product categories such as company health insurance on its platform.